| 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 | Whilst the Fund's primary strategy is focused on long/short equities, the ability to retain discretionary powers to allocate across a number of other investment strategies is reserved. These strategies may include, but not be limited to: convertible bond investments, portfolio hedging, equity related arbitrage, special situations (e.g. merger arbitrage, rights offerings, participation in international public offerings and placements, etc.). The Fund's geographic focus is Asia excluding Japan, but including Australia). The Fund may invest outside of this region to the extent that: 1. The investment decision is driven from the Asian region or; 2. The exposure is intended to mitigate risk or enhance return from factors external to the Asian region. |
| Manager Comments | The Fund was able to generate returns on both the long and short side of the book. On the long side the Manager was successful on 53% of their ideas. KIS Capital note the majority of the alpha came from their 'slug ratio' which is a ratio of how much a winning trade generates vs a losing trade, here the ratio was 1.8x. On the short side 51% of the Manager's ideas were successful, their slug ratio was 1.9x. KIS Capital participated in Cre8tek Limited's capital raising and bought shares on the market during September, this contributed +0.28%. They also participated in a block trade to sell some of their exposure in Cardinal Resources which contributed +0.22%. KIS Capital took profits on a long position in Independence Group NL early in the month as they felt the rally in stock was too fast, they started to rebuild the long position later in the month after the stock slipped back to less elevated levels. On the losing side no single name lost the portfolio more than 0.2%. |
| More Information |
