| Report Date | 08 November 2009 |
| Manager | Lanterne Strategic Investors Pty Ltd |
| Fund Name | Lanterne Arran Fund |
| Strategy | Equity Long/Short |
| Latest Return Date | October 2009 |
| Latest Return | 1.52% |
| Latest 6 Months | 10.76% |
| Latest 12 Months | 29.36% |
| Latest 24 Months | 16.73% |
| Annualised Since Inception | 9.37% |
| Inception Date | 01 August 2004 |
| FUM (millions) | US$80 |
| Fund Overview | The fund investment objective is to achieve superior absolute returns in all market environments, with an emphasis on capital preservation. Lanterne's Arran is an active long/short equity fund that invests in predominantly Australian top-100 stocks. It pursues three main strategies, which begin with a quantitative process to achieve market neutrality, and are overlaid with qualitative decisions that introduce long or short biases. The philosophy is to take advantage of investment possibilities regardless of the market environment, whilst protecting the downside through active risk management. |
| Manager Comments | The manager said that the fund was neutrally positioned for much of October before covering some short positions as markets fell, finishing modestly net long at month‐end in anticipation of a short‐term bounce after a series of negative days. However the manager feels that November could represent a turning point in investor sentiment for the medium term and companies will be watched to see if their results can support further share price rises.
The fund remains short on some key retail stocks as it expects that the effects of the government's stimulus package start to fade. |
| More Information | » View detailed profile of this fund |
