MM&E Capital's Takeover Target fund had a positive month in December with a gain of 1.19%, but remains down -30.84% over the year.
The manager said that profits were realised from a holding in Incitec Pivot while ongoing positions in Helthscope, Origin Energy and Insurance Australia Group all rose in value.
The Fund uses an event driven strategy where medium term (6-24 months) positions are taken in ASX listed stocks that meet the internal selection criteria.
