The Excalibur Absolute Return Fund returned +3.74% in December, ending 2008 with a return of +12.23% and a worst month of -0.94%.
Since inception (June 2006) the fund has returned +66.59%, compared to the S&P 500 which returned -34.42% in the same period. Due to low interest rates worldwide, market uncertainty and a recessionary global economic environment Excalibur is expecting significant AUM growth in 2009 due to increased interest in the fund. The Excalibur Absolute Return fund specialises in trading FX products, with a flexibility in its mandates to enable it to profit in all market conditions.
