Wallace Australia Opportunities Fund, a Cayman based Equity Market Neutral Hedge Fund with a 3 year track record, has overcome the worst equity market performance since October '87 and restrictions on short selling to return investors 8.15% for October, (preliminary results) bringing YTD 2008 results to +39.9%.
All profits were made in the long/short portfolio which returned +8.87%, whilst the Event Driven portfolio recorded a small loss of -0.72%.
The fund was established in October 2005 and has returned 21.62% annualised over its three year track record. Wallace also manages an Australian Listed Investment Company (LIC).
