| Report Date | 09 November 2009 |
| Manager | Regal Funds Management |
| Fund Name | Regal Tasman Market Neutral Fund |
| Strategy | Equity Market Neutral |
| Latest Return Date | October 2009 |
| Latest Return | 8.44% |
| Latest 6 Months | 43.11% |
| Latest 12 Months | 45.68% |
| Latest 24 Months | 45.83% |
| Annualised Since Inception | 24.68% |
| Inception Date | 03 May 2007 |
| FUM (millions) | AU$21 |
| Fund Overview | The Tasman Market Neutral Fund aims to maximise returns with only moderate risk and little correlation to equity markets. Investments are usually based on fundamental research and may be held for months or years. Hedging is usually achieved through single stock exposures. The fund aims to limit the volatility of returns to less than 15% pa and maintains a beta neutral portfolio. Risk limits (stock, sector, liquidity, systematic etc) are maintained to help achieve the volatility target. Most of the investments are in Australia but investments are also made in other countries on an opportunistic basis (mainly in Europe and no emerging markets). |
| Manager Comments | Regal's Tasman Market Neutral Fund managed an 8.44% return in October on the back of strong performances of both its long and short positions. Similar to the manager's Amazon fund, stocks hurt by the rising dollar (including Brambles, Iluka, Bluescope Steel and Sims Metal) made money on the short side while on the long side Babcock and Brown Infrastructure Preference Shares doubled after the announcement of a restructuring. |
| More Information | » View detailed profile of this fund |
