| 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 | Harvest Lane Asset Management employs a conservative, highly selective and opportunistic approach. Using their extensive knowledge in the area of corporate actions, the Fund's managers assess each opportunity based on a thoughtful, diligent and disciplined process and invest where they believe an opportunity exists to generate above average investment returns relative to the risk incurred. Investment decisions are made without speculating on market direction, with rigid risk controls enforced to minimise the risk of large losses of investor capital. The Fund invests in securities that are predominantly listed on the ASX and occasionally in those listed in other developed markets. Equity swaps and other derivatives may be used at times to reduce risk. The fund typically holds high levels of cash in the absence of sufficiently attractive opportunities to deploy investor capital in accordance with its objectives. |
| Manager Comments | Harvest Lane noted that, despite the low volatility of the Fund's performance during the month as different positions provided diversification to the Fund's returns, November was in fact an eventful month characterised by contested bids and continuing takeover and merger activity against a volatile investment environment more broadly. In addition, seven new positions were added to the portfolio in November, resulting in the Fund being almost fully invested by the end of the month. Harvest Lane reiterate their confidence in continuing to deliver meaningful positive returns for their investors, as well as deliver an outcome that is consistent with what one might expect from a market neutral absolute return fund. They believe it is critically important for investors to continue to pursue genuine diversification to protect them from equity market risk, with the recent mini-crisis in markets providing important clues as to where that diversification may be found. |
| More Information |
