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| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| Fund Overview | The Fund is a long/short investment fund principally investing in listed entities, commodities, futures and options in Australia and internationally. The Fund is not a market neutral fund and accordingly may switch between net long positions and net short positions. The Fund may use short sales and derivatives. Gearing may be used to enhance returns and the Fund may be geared in excess of 100% of the Fund's Net Asset Value. There is a limit to net exposure of 150%. |
| Manager Comments | Top contributors in November were long positions in Altium +0.53% and Wells Fargo + 0.46%. A short position in Boral contributed +0.40%. The Fund had gains on some of its US$ exposed positions (e.g. Wells Fargo) but this was not enough to offset the broad-based sell off in the mid-cap industrial, tech and healthcare exposures. Biggest detractors were long positions in McMillan Shakespeare -0.61%, Shriro -0.57% and Appen -0.52%. At month-end, the Fund had a net exposure of 56.8% and a gross exposure of 215.1%. The Fund held 104 positions (55 long and 49 short). |
| More Information |
