St Helen's Capital and Australian-based equity long short manager has returned a positive 1.64% return from November bringing year-to-date performance to -6.63%, against the ASX 200 which finished the month -6.9% and -45.2% off its highs of November 2007.
St Helens, an Australian Equity Long/Short manager, noted in their monthly report that it is reasonable to say that the US and Australian markets have seen their absolute lows and probably amongst the more optimistic of managers who foresee the bottom of the US real economy occurring as early as mid-2009.
Whilst not forecasting a sustained bull market from here, St Helens believe that opportunities will occur in a range trading market and think that the panic redemption selling seen over the past 3 to 4 months will move from " sell at any price" to " sell the rallies".
