Regal's Tasman fund lost 2.9% in December and their Amazon fund was down 0.6% for the month. Over 2008 the Tasman fund lost 9.8% and the Amazon fund lost 8.18%.
The manager's report says that some short positions in the industrial sector did not work out, costing the funds 2 percentage points. Also impacting returns was Telstra's decision to adopt a comatiove stance with the federal government over the national broadband network.
Both the Amazon and Tasman funds aim to maximise returns with only moderate risk and low correlation to euity markets.
