| Report Date | 10 November 2009 |
| Manager | Bennelong Group |
| Fund Name | Bennelong Securities Long Short Equity Fund |
| Strategy | Equity Market Neutral |
| Latest Return Date | October 2009 |
| Latest Return | 2.65% |
| Latest 6 Months | 0.47% |
| Latest 12 Months | 24.77% |
| Latest 24 Months | 49.58% |
| Annualised Since Inception | 23.49% |
| Inception Date | 01 February 2002 |
| FUM (millions) | AU$62 |
| Fund Overview | Bennelong Long Short Equity Management applies a qualitative stock selection process to construct a diversified portfolio of paired securities based on relative value. The Bennelong Long Short Equity Management strategy invests primarily in the S&P/ASX 100 and is dollar neutral at cost.
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| Manager Comments | Bennelong's Long Short Equity Fund reported strong growth of 2.65% for the month, although the manager says that this was achieved with modest turnover and most activity for the fund consisted of closing mature positions.
Looking forward the manager expects that mutliples will increase in the short term as investors anticipate an acceleration in earnings recoveryand corporates seek to deploy their cash. However it is also noted that, according to RBS forecasts, earnings per share is expeected to grow by only 6.3% in the current financial year before ramping up to 28.6% in the 2011 financial year. |
| More Information | » View detailed profile of this fund |
