The Platypus Asian Equities Fund was down -0.14% in November, while the Platypus Australian Long/Short Fund was up +0.21% (both in USD). The respective YTD returns for these funds are now +2.31% and -6.53%.
The Asian Equities Fund, a systematic long/short Asian equities fund, cites the fund's overall net short position over recent months as the main driver of performance. The fund remains lightly invested across countries.
The Australian Long/Short Fund, a systematic long/short Australian equities fund, noted that the local currency return for the month was in fact +0.41%. Overall the positive November result was attributed to the strong performance of the fund's market neutral portfolio, which returned +4.43% on an attributed basis.
