| 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 | The positive contributions for the month came from a short position in Quintis +3.12%, and long positions in Alphabet +0.77%, and Smartgroup +0.66%. The biggest detractors included long positions in Vita Group -1.16%, Shriro -1.12% and Medibank -0.40%. As of 31 May, the Fund had a net exposure of 62.90% and a gross exposure of 258.9% and held 119 positions (52 long and 67 short). |
| More Information |
