Regal’s Tasman Market Neutral Fund finished up 0.97% for the month bringing the cumulative year-to-date loss to 7.10% while the Amazon Market Neutral Fund was down 0.40% for the month bringing the cumulative year-to-date loss to 7.71%.
The Regal funds aim to maximise returns with only moderate risk and little correlation to equity markets. The Fund Manager stated: “Compared to the volatility in the market in November (over 50% on an annualised basis), Tasman’s volatility was an annualised 15%, largely a result of our lower than average gross gearing levels and tighter than normal sector hedging.”
