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| 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 | Top contributors in November included Cobalt One Ltd (63bp contribution to performance), which experienced strong gains after its merger with First Cobalt Corporation. KIS Capital remain positive on this company and the industry and remain long. KIS noted being short index cost the Fund -34bp, however, this was offset by gains on long positions in a variety of different names with no one single name contributing more than 25bp. The portfolio remains diversified with more than 50 different lines as at the end of the month. In their latest report KIS discuss concerning signs they see about the state of markets, however, they feel the Fund is broadly hedged against them. They noted that, despite equity markets continuing to make fresh highs, there are moves occurring within equity markets and elsewhere that can often be a precursor to a significant broad market downturn. |
| More Information |
