| Report Date | 13 April 2010 |
| Manager | Bennelong Group |
| Fund Name | Bennelong Securities Long Short Equity Fund |
| Strategy | Equity Market Neutral |
| Latest Return Date | March 2010 |
| Latest Return | 4.77% |
| Latest 6 Months | 6.58% |
| Latest 12 Months | 8.75% |
| Latest 24 Months | 38.67% |
| Annualised Since Inception | 22.63% |
| Inception Date | 01 January 2003 |
| FUM (millions) | AU$92 |
| 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 posted a positive return of 4.4% in March, taking the view that much of the drawdown the fund experienced in February was not related to longer term fundamentals. The manager made some adjustments to the portfolio, but remained generally comfortable with the fund's positioning which saw a number of underperforming positions reverse.
Looking ahead Bennelong expects the arm-wrestle between divergent macro views to continue, with an improving growth outlook conflicting with concerns about sovereign debt and structural risks. |
| More Information | » View detailed profile of this fund |
