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Printed: 28 November 2024 8:50 AM

News

17 May 2021 - Performance Report: Longlead Pan-Asian Absolute Return Fund

By: Australian Fund Monitors

Report Date17 May 2021
ManagerLonglead Capital Partners
Fund NameLonglead Pan-Asian Absolute Return Fund
StrategyEquity Long/Short
Latest Return DateApril 2021
Latest Return1.18%
Latest 6 Months
Latest 12 Months
Latest 24 Months (pa)
Annualised Since Inception16.50%
Inception Date01 December 2020
FUM (millions)AU$2
Fund OverviewThe Fund will invest substantially all of its assets, to the extent not retained in cash or cash equivalents, in Class G Participating Shares of the Longlead Absolute Return Feeder Fund Ltd, an exempted company incorporated with limited liability in the Cayman Islands, which in turn invests substantially all of its assets in Longlead Absolute Return Master Fund Ltd, an exempted company incorporated with limited liability in the Cayman Islands, which predominantly deploys a long/short investment strategy based on fundamental, bottom up stock selection procedures and employs risk management techniques designed to manage portfolio risk.
Manager CommentsThe Longlead Pan-Asian Absolute Return Fund generated a net return of +1.18% in the month of April. The month's performance was achieved on the back of varied conditions across the region's equity markets with markets such as Japan retracing while others such as Taiwan performed strongly.

Profits were made from the long side in April with Taiwanese positions in particular benefiting from the rally while exposures in China and the US detracted.

By sector, Consumer Discretionary, Materials and Information Technology positions contributed to performance, while losses were experienced in Financials and hedging positions.
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