The Allard Growth Fund (AGF) returned +9.3% in December, however was still down for 2008 by -28.8%, and the Allard Investment Fund (AIF) was up +4.5% in December, but down -1.9% for the financial year-to-date.
Both funds outperformed the MSCI A/P ex-Japan (A$) Index, which returned +0.8% in December and -20.5% financial year-to-date. The AGF and AIF are both equity long only absolute return funds, that use a combination of qualitative and quantitative processes to identify investments in the Asian region.
