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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 | The Fund returned -0.15% in February. Given the strong equity market the Fund's short positions were the largest detractors, notably IOOF Holdings (-44bp detraction) and Vocus Group (-40bp detraction). The cost of using index futures to ensure the fund remains hedged also cost the Fund -34bp, however, this is expected in a rising market. Key positive contributors included China Galaxy Securities (+30bp) and Yangtze Optical Fibre and Cable Joint Company. The Fund's largest winner was a short on Inghams Group Ltd. |
| More Information |
