| Report Date | |
| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months (pa) | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| Fund Overview | This is achieved through active allocations to a select number of liquid alternative managers that employ a variety of strategies. The Fund places emphasis on managers who demonstrate a rigorous and repeatable investment process that has delivered a strong track record. |
| Manager Comments | The Fund performed well given the low volatility environment throughout the month, profiting from relative value trades in the US and European equities as well as from high-frequency systematic trading across Asian equity markets. The Fund's currency and commodity positions were also profitable while there were modest losses from the Fund's fixed income positions. The Fund is a 'long volatility' strategy and higher levels of market volatility than those seen in recent months assist in delivering persistent outperformance over time. However, NWQ noted, the diversity of the underlying managers along the dimensions of strategy, trading approach and trading horizon means that the Fund has the potential to generate returns irrespective of market regime. |
| More Information |
