NEWS
18 Nov 2009 - Performance Report: Herschel Absolute Return Fund
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| Manager Comments | Toward the end of the month the fund adopted a more defensive position, reducing its net equity market exposure to 38.8%, of which 85% was long and 46% short. |
| More Information | » View detailed profile of this fund |
13 Nov 2009 - Performance Report: CSL Active Long/Short Programme
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| Manager Comments | The strong performance was also driven by limited losses, mainly from the agricultural and grain sectors. Commodity Strategies also reported a strong month for their long only portfolio, with energy, metals and grains all contributing to the overall performance. |
| More Information | » View detailed profile of this fund |
13 Nov 2009 - Performance Report: Apeiron Global Macro Fund - Class A
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| Manager Comments | Commenting on the global outlook, Apeiron noted that whether the tap is turned off by the Fed or by the market, only time will tell, and that either way the situation, whilst clearly not sustainable, could continue for some time. |
| More Information | » View detailed profile of this fund |
11 Nov 2009 - Performance Report: Bennelong Securities Long Short Equity Fund
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| Manager Comments | Looking forward the manager expects that mutliples will increase in the short term as investors anticipate an acceleration in earnings recoveryand corporates seek to deploy their cash. However it is also noted that, according to RBS forecasts, earnings per share is expeected to grow by only 6.3% in the current financial year before ramping up to 28.6% in the 2011 financial year. |
| More Information | » View detailed profile of this fund |
10 Nov 2009 - Performance Report: Regal Tasman Market Neutral Fund
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| More Information | » View detailed profile of this fund |
9 Nov 2009 - Performance Report: The Ascot Fund
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| More Information | » View detailed profile of this fund |
9 Nov 2009 - Performance Report: Regal Amazon Market Neutral Fund
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| Manager Comments | Shorts that generated returns included some stocks getting hurt by the rising Australian dollar (such as Brambles, Iluka, BlueScope Steel and Sims Metal) while the best performer on the long side was Babcock and Brown Infrastructure Preference Shares which doubled after the announcement of a restructuring. |
| More Information | » View detailed profile of this fund |
9 Nov 2009 - Performance Report: Lanterne Arran Fund
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| Manager Comments | The fund remains short on some key retail stocks as it expects that the effects of the government's stimulus package start to fade. |
| More Information | » View detailed profile of this fund |
19 Aug 2009 - Merricks Multi Strategy fund +0.8% in July, +3.3% YTD 2009
Merricks Multi Strategy fund has returned +0.8% in July to take 2009 YTD returns to 3.3%.
The Fund, which was established in January 2008, invests in three lowly correlated strategies, Event Driven, Market Neutral and Soft Commodities (agriculture) focused on the developed markets in Asia. All three strategies produced positive returns in July.
19 Aug 2009 - Macquarie's MQ Asian Fund benefits from July rally to return +4.75% for the month
Macquarie's MQ Asian Long Short fund has reported a 4.75% gain for the month as the region's markets continued to rally in July, taking their 12 month performance to +2.63%. YTD performance for 2009 is +9.52%.
The manager noted that the fund only lost money on two days during the month, with the largest loss just 0.1%, and recorded gains for each of the first 9 days when the markets were in negative territory.
Annualised performance for the Cayman based fund, which has US$101m in FUM, is +11.57% since inception in October 2005.
The MQ Asian fund uses a quantitative strategy to invest in over 600 individual positions across 12 countries in the Asian region.
