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| Fund Overview | |
| Manager Comments | Stocks experiencing corporate actions were the biggest winners on the long side. These included Sino Gold which is in the process of being taken over by El Dorado, Village which completed a large buyback, and the mining company Indophil which has been in takeover talks. On the short side the best performers were overvalued cyclicals such as Bluescope Steel and Brambles. Profit was also made on fund managers Perpetual and Platinum whose share prices may have increased too much and too quickly. The main loss in the month was BBI which had been a big winner for the fund in October, but fell when preference shares were converted to ordinary shares as part of a recapitalisation process. |
| More Information | » View detailed profile of this fund |
