| Report Date | 22 February 2010 |
| Manager | Prodigal |
| Fund Name | Prodigal Equity RV Fund |
| Strategy | Equity Long/Short |
| Latest Return Date | January 2010 |
| Latest Return | 2.45% |
| Latest 6 Months | 2.27% |
| Latest 12 Months | 12.80% |
| Latest 24 Months | 29.51% |
| Annualised Since Inception | 13.86% |
| Inception Date | 01 January 2008 |
| FUM (millions) | US$52 |
| Fund Overview | The fund generates profits by capturing the volatility of highly correlated equity pairs that are typically related by a fundamental corporate structure. |
| Manager Comments | Prodigal attributes most of the rise in their Equity RV fund in January of 2.45% to the mean reversion of spreads that had widened late last year. Also, the risk of the portfolio decreased throughout January with gross long exposure lowering to just over 80%.
The manager says that this behaviour was as predicted in their last newsletter, supporting the mean reversion and correlation assumptions that should see normal mean reversion processes recover the temporary losses of December, when the fund dropped 2.87%. |
| More Information | » View detailed profile of this fund |
