| Report Date | 24 February 2010 |
| Manager | Excalibur Funds Management |
| Fund Name | Excalibur Absolute Return Fund |
| Strategy | Currency/FX |
| Latest Return Date | January 2010 |
| Latest Return | 0.53% |
| Latest 6 Months | -1.57% |
| Latest 12 Months | 0.98% |
| Latest 24 Months | 12.30% |
| Annualised Since Inception | 15.71% |
| Inception Date | 01 July 2006 |
| FUM (millions) | US$56 |
| Fund Overview | The fund follows a systematic investment process yet takes advantage of the managers' skill and experience to optimise the timing element of the strategy implementation and improve risk control. The fund also has the flexibility to profit from all market conditions. The fund's strategy predominantly involves short term technically driven contrarian signals in the Australian and New Zealand dollar market and their crosses. The strategy has a focus on risk management and capital preservation at all times with particular attention given to the relationship between volatility and leverage. |
| Manager Comments | Excalibur believes that their Absolute Return Fund is well positioned for the year ahead after achieving a positive result of 0.53% in January. The manager expects that 2010 will be a range-bound year, therefore beta trade opportunities will be fewer than in 2009, leaving investors relying on alpha to boost returns. |
| More Information | » View detailed profile of this fund |
