The Platypus Australian Long/Short Fund was down -0.93% while the Platypus Asian Equities Fund was up +0.04% in January.
The Australian Long/Short Fund experienced a loss of -1.33% in its long positions against a gain of +0.48% in short positions in January. The Fund continued to have a low net exposure to the market (which has been the case since mid 2008), and does not expect exposure to be increased in the short term due to current market conditions.
The Asian Equities Fund increased its net exposure to Asian markets during the Chinese New Year holiday period in late January, with increased exposure in Hong Kong and Japanese markets against a reduced exposure to the Australian market.
