Fact Sheet
As at March 2024
As at March 2024
Kardinia Long Short Fund
APIR: BFL0010AU
Manager Summary
Kardinia Capital is an independent boutique asset manager investing in Australian equities via a lower volatility, long/short strategy. Kardinia was established in 2011, after the strategy was incepted in 2006. The business is managed by Kristiaan Rehder, supported by Mark Burgess and Stuart Larke. Between them, they have a combined 80 years of experience in stock picking and managing money for clients.
Strategy Summary
The Kardinia Long Short Fund aims to generate consistent positive returns in all market conditions, with an overarching philosophy of capital protection. It gives investors variable exposure to the equity market, with the flexibility of lower volatility than the market and minimising losses in drawdowns.
The fund has a net exposure limit of 150% and a gross exposure limit of 200%.
The fund has a net exposure limit of 150% and a gross exposure limit of 200%.
Key Terms
| Status: | Open | Inception Date: | May 2006 |
| Strategy: | Equity Long/Short | Style: | Blend |
| Geography: | Australia/NZ | Domicile: | Australia |
| Investors: | Wholesale & Retail | Min. Investment: | AU$ 20,000 |
| Distributions: | 6 Monthly | Applications: | Daily |
| Fund Size: | AU$ 19.18m | Management Fee: | 1.29% |
| Manager FUM: | AU$ 10,000m | Performance Fee: | 20.50% |
Key Statistics
| Fund | Index* | Fund | Index* | ||
| Mar 2024: | 5.72% | 3.27% | Sharpe1: | 0.63 | 0.33 |
| 1 Year: | 20.97% | 14.45% | Sortino1: | 1.00 | 0.35 |
| 3 Years1,2: | 3.59% | 9.62% | Best Month1: | 9.54% | 10.21% |
| 5 Years1,2: | 4.51% | 9.15% | Worst Month1: | -5.88% | -20.65% |
| Inception1,2: | 7.87% | 6.75% | Volatility1,2: | 8.09% | 14.20% |
| Up-Capture1: | 14% | N/A | Down-Capture1: | 61% | N/A |
Cumulative Returns Fund Index
Kardinia Long Short Fund - Cumulative Performance vs ASX 200 Total Return
Drawdowns Fund Index
Drawdown%
Fund Index
Quintile Ranking vs. Equity Alternative - Australia Peer Group (123 funds) as at March 2024
1 Year
3 Year
5 Year
7 Year
Kardinia Long Short Fund
ASX200 Total Return
Quintile Rankings display Key Performance Indicators (KPI's) against the fund's Peer Group. Each green square ranks the fund in one quintile (or 20%) of its peer group - five green squares indicate the fund is in the best quintile for each KPI. The performance of the peer group's underlying index is shown by a red dot.