Mathews Capital's Velocity Fund estimates net August return of +6.35% to take accumulated return above the previous high water mark as leverage to gold produciesover half of the month's result.

Fortitude benefits from gains in M&A, Derivatives and Yield portfolios to report theirbest monthly performance in 12 months.

Bennelong reported a loss in August of -0.96% against the ASX200 which fell -1.99% as the market was dominated by earnings releases of mixed quality.

The Tasman Market Neutral Fund had another solid month in August finishing up 4.41%. Asia was the highlight (in terms of return on investment), Australia also performed very well.

Optimal Australia's equity long short fund recorded a net return of +0.36% against a backdrop of the ASX200 which lost 1.99% for the month, and the S&P500 experiencing its worst August result in nine years. The fund has now achieved a...

Herschel performance was flat in July, dragged down by a large short position in Centennial Coal, which received a bid from Thai company Banpu.

The Pengana Emerging Companies Fund's July result of +4.2% may have been 1.1% less than its Small Ordinaries Index benchmark, but over the last 12 months the fund has returned +31.9%, 24.6% more than the Index.

Optimal says that their Australia Absolute Trust 'caught more than our fair (exposure-adjusted) share of the rally', finishing the month +2.03% even though the fund retained low headline equity market exposure during the month.

Relative Value was the only one of Argus\\'s four strategies not to make money in July. The fund finished the month up +1.55% with a large contribution coming from a long position in many wheat varieties as dry and hot weather in Russia...

The best performing fund for K2 in July was their Asian Absolute Return Fund with an increase of +4.36%. Markets in the region were led higher by China (+12.5), Taiwan (+8.4%), Thailand (+7.4%) and Indonesia (+6.0%).