The Excalibur Absolute Return Fund posted a gain of +0.54% in January after a strong 2008, bringing its compounded annual return to +21.95%.
As market volatility decreases the manager is aiming for a 20%+ return in 2009, while maintaining a low level of risk. The Excalibur Absolute Return Fund is a currency/FX fund that holds AUD against the JPY, capturing the significant interest rate differentials between the countries whilst holding A$ put options over the core position to improve capacity, control risk and allow for profit generation in down months.
