Australian Fund Monitors has just released the November Absolute Return and Hedge Fund Review. Results for October were generally flat, but this still represents outperformance of around 2% when compared with equity markets.
This month we've taken a look at the "best of the best" equity funds to come up with a Model Portfolio. The results show an impressive performance: A portfolio of 10 locally managed and domiciled equity funds with an annualised return of 14.43%, a standard deviation of just 5.53%, a Sharpe ratio of 1.45 and a maximum drawdown of -5.65%.
Over the same three year period the ASX200 returned a negative -3.32%, a drawdown of over 50% at one stage, a negative Sharpe ratio, and volatility of over 17%.
For detailed analysis of performance for each strategy, industry comment and ranking tables, please open the attached .pdf file.
Attached Files:
November absolute return and hedge fund review (pdf format)
