The St Helens Capital Ailsa Fund returned +3% in May with positive returns from both its long and short trades, and is now up +16.71% for 2009.
1 yr return: +16.1%. Annual (Dec 2001): +12.57%
Short strategies that proved successful included Rio Tinto and Leighton Holdings, while Bluescope, Oil Search and Stockland were positive long positions. Other long standing positions also contributed positive returns to the Fund. Going into June the Fund is becoming more defensively positioned as the manager strives to take advantage of opportunities in current markets.
