| Report Date | 11 February 2010 |
| Manager | Regal Funds Management |
| Fund Name | Regal Tasman Market Neutral Fund |
| Strategy | Equity Market Neutral |
| Latest Return Date | January 2010 |
| Latest Return | 1.41% |
| Latest 6 Months | 27.39% |
| Latest 12 Months | 43.49% |
| Latest 24 Months | 35.52% |
| Annualised Since Inception | 23.44% |
| Inception Date | 03 May 2007 |
| FUM (millions) | AU$21 |
| Fund Overview | The Tasman Market Neutral Fund aims to maximise returns with only moderate risk and little correlation to equity markets. Investments are usually based on fundamental research and may be held for months or years. Hedging is usually achieved through single stock exposures. The fund aims to limit the volatility of returns to less than 15% pa and maintains a beta neutral portfolio. Risk limits (stock, sector, liquidity, systematic etc) are maintained to help achieve the volatility target. Most of the investments are in Australia but investments are also made in other countries on an opportunistic basis (mainly in Europe and no emerging markets). |
| Manager Comments | Regal's Tasman Market Neutral Fund gained 1.41% in January with losses occuring in the fund's holdings in the Utilities and Basic Minerals sectors, while profits were made from short positions in the Industrials sector.
The fund also generated profits from the Consumer sector despite a net long exposure. This was mainly due to shorting companies such as JB Hi-Fi and Woolworths, which warned that sales and profit growth was slowing. |
| More Information | » View detailed profile of this fund |
