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 |
What a difference a year makes! Or maybe that should be half a year?
4 Nov 2009 - October absolute return and hedge fund review
Better performance, half the volatility. Why the bad name?
What a difference a year makes! Or maybe that should be half a year?
A little over six months ago the financial world as we knew it was in disarray, and with it, equity markets. And, according to some loud and strident voices, hedge funds were, if not to blame, well....at least a great target.
Come September and the rally continued, with the ASX recording a gain of over 5% for the fifth time in seven months, and the average performance of Australia's hedge funds tagged along for the ride with AFM's index rising 2.34%. However, behind the headline statistic there were some standout performances, even if some of September's stars were playing catch up after a forgettable 2008.
For detailed analysis of performance for each strategy, industry comment and ranking tables, please open the attached .pdf file.
21 Oct 2009 - Confusion reigns as ASIC forces Trio/Astarra to withdraw PDS, but can't say why.
The Australian Securities and Investments Commission (ASIC) issued an urgent stop order forcing Trio Capital, formerly Astarra Capital, to remove the product disclosure statements for its Astarra managed funds from its website, according to a report in the Sydney Morning Herald.
However there are scant details available, as ASIC have been barred from releasing details of charges laid in the New South Wales Supreme Court against two directors of one of the funds involved.
Further confusion arises in what seems to be a complex corporate structure of related entities between Astarra and Trio.
