| 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 seeks to outperform the market with less volatility than the market by allocating capital to a select group of eight to sixteen funds whose investment mandates allow them to use short selling of equities and equity indices, to use derivatives to manage risk, to use leverage and to hold large amounts of cash. In-depth proprietary research is used to select and monitor fund managers with particular emphasis on their ability to manage equity market risk through stock selection, short selling and the use of derivatives and cash. |
| Manager Comments | It was the managers with large cap exposure and more diversified portfolios such as Wavestone and L1 that performed well for the month, with returns of 2.35% and 2.23% respectively. However, some of the Fund's small cap specialists such as PIE Funds found the month tough, with their Growth Fund and Emerging Companies Fund falling -5.98% and -4.30%. Managers investing in resource sector, such as Paragon and Regal Atlantic also fell -4.99% and -5.12% respectively. At the end of February, King Tide added a new fund, the Sandon Capital Activist Fund, bringing a different style of investing - an activist strategy, to the Fund's portfolio. |
| More Information |
