| Report Date | 12 November 2009 |
| Manager | Redwood Capital Group |
| Fund Name | Apeiron Global Macro Fund - Class A |
| Strategy | Global Macro |
| Latest Return Date | October 2009 |
| Latest Return | 0.46% |
| Latest 6 Months | -6.03% |
| Latest 12 Months | -2.31% |
| Latest 24 Months | 22.84% |
| Annualised Since Inception | 13.84% |
| Inception Date | 01 February 2006 |
| FUM (millions) | AU$8 |
| Fund Overview | Apeiron Global Macro Fund utilises directional strategies in futures, options and foreign exchange markets. The Fund exploits the mismatch between value as determined by the economic fundamentals and price as reflected by market emotion. |
| Manager Comments | Apeiron reported a positive return for October, but is not convinced that the Federal Reserve can continue providing US banks with unlimited cheap credit forever.
Commenting on the global outlook, Apeiron noted that whether the tap is turned off by the Fed or by the market, only time will tell, and that either way the situation, whilst clearly not sustainable, could continue for some time. |
| More Information | » View detailed profile of this fund |
