Tibra Capital's Market Neutal Fund was down -0.51% in December, however was up +4.86% overall in 2008.
The minor fall in Australian equity markets in December (the S&P/ASX200 was down 13 points, from 3672 to 3659) saw small movements in stock prices in all sectors the fund was invested in. Following the lifting of the blanket short selling ban in November the fund recommenced shorting individual stocks, in lieu of of a short index position. Long positions on materials and short positions in industrial stocks were key drivers of the December result.
The Tibra Capital Market Neutral Fund adopts a quantitative market netural investment strategy, identifying relative price opportunities in major equity markets.
