| 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 | The best performing Funds for the month included L1 Capital Long Short Fund (+4.2%) and Tasman Market Neutral (+2.8%). Other managers to make money were 8EC (+2.0%), Smallco (+1.5%), Paragon (+1.3%), PIE Emerging (+1.1%), Level 18 (+0.8%), Watermark (+0.6%), and PIE Growth was marginally positive. The Fund's biggest loss came from Wavestone Capital (last month's biggest gainer) which fell -2.0%, LHC fell -1.9%, Auscap -1.5%, Sandon -1.3% and Monash was down -0.8%. |
| More Information |
