| Report Date | |
| 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 December were the long positions in Bapcor +1.33%, SmartGroup + 0.86% and McMillan Shakespeare +0.53%. Biggest detractors were a short position in G8 Education -0.54% and long positions in Hansen -0.39% and Altium -0.30%. At month-end (31 December), the Fund had a net exposure of 57.2% and a gross exposure of 213.4%. The Fund held 105 positions (47 long and 58 short). |
| More Information |
