Excalibur Funds Management AUD/JPY FX strategy lost 0.11% in the last few days of July, having been in positive territory up until that point. The fund remains +3.15% in 2009 YTD, with 12 month performance +5.12% and an annualised performance since inception in July 2006 of +19.09%.
The fund's strategy predominantly involves short term technical contrarian signals in the Australian and New Zealand currencies and their crosses. the strategy has a focus on risk management and capital preservation with particular attention given to the relationship between volatility and leverage.
In what the manager described as an extremely difficult month the fund also reported an increase in FUM to US$79m.
