| Report Date | 08 December 2009 |
| Manager | Bennelong Group |
| Fund Name | Bennelong Securities Long Short Equity Fund |
| Strategy | Equity Market Neutral |
| Latest Return Date | November 2009 |
| Latest Return | 1.71% |
| Latest 6 Months | 3.47% |
| Latest 12 Months | 19.97% |
| Latest 24 Months | 45.71% |
| Annualised Since Inception | 23.48% |
| Inception Date | 01 January 2003 |
| FUM (millions) | AU$84 |
| 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. |
| Manager Comments | Bennelong's Long Short Equity Fund performed well in November, gaining 1.71%. However the manager said performance was adversely impacted late in the month by large volatility swings in world makets due to Dubai related credit issues. For the second consecutive month the manager's activity level was lower than usual, tending not to open new positions as they are concerned that several current investment trends are consensus views and therefore not attractive.
Looking ahead, Bennelong expects that equity markets will mark time over the holiday period as investors assess 2010 investment themes. |
| More Information | » View detailed profile of this fund |
