NEWS
12 Oct 2010 - Regal's Amazon, Tasman and Australian L/S September Performance
Regal's funds all benefited from strong markets in September, with mining the highlight, although profits were well spread with no significant losses.
The Amazon fund, a Cayman based, market neutral fund with $151 in FUM and the largest in the group, returned +4.18%, much in line with the ASX200.
The onshore Australian long short fund rose 7.68% for the month, while the onshore Tasman market neutral fund was up 6.02%.
11 Oct 2010 - Performance Report: Optimal Australia Absolute Trust
Report Date | |
Manager | |
Fund Name | |
Strategy | |
Latest Return Date | |
Latest Return | |
Latest 6 Months | |
Latest 12 Months | |
Latest 24 Months | |
Annualised Since Inception | |
Inception Date | |
FUM (millions) | |
Fund Overview | The Fund's bias is likely to be net long under normal market conditions, with the core strategy being to construct a portfolio of listed equity securities priced at levels that do not adequately reflect their underlying value. The Fund will seek to boost returns and limit potential market downside by selective short selling of individual stocks which are priced at levels that are viewed as materially above their underlying value. The Fund will also use certain trading strategies both within its core portfolio (through rebalancing stock weights and overall market exposure in response to price movements) and in certain other situations (typically of a shorter-duration and/or opportunistic nature) with the objective of further increasing returns. |
Manager Comments | In the long book major sector contributors for the month came from soft commodities, gaming, airlines & REITS, while telecoms and media were negative. On the short side positive performance came in the retail sector with negative performance from contractors, materials and index futures. |
More Information | » View detailed profile of this fund |
11 Oct 2010 - Performance Report: CSL Active Long/Short Programme
Report Date | |
Manager | |
Fund Name | |
Strategy | |
Latest Return Date | |
Latest Return | |
Latest 6 Months | |
Latest 12 Months | |
Latest 24 Months | |
Annualised Since Inception | |
Inception Date | |
FUM (millions) | |
Fund Overview | |
Manager Comments | Performance was strong across the boardbut particularly so in silver, cotton, and corn, each of which contributed over 1%to the overall result. Losses were minimal, both in number and size, and liimited to wheat and natural gas. |
More Information | » View detailed profile of this fund |
11 Oct 2010 - Performance Report: CSL Active Long Only Programme
Report Date | |
Manager | |
Fund Name | |
Strategy | |
Latest Return Date | |
Latest Return | |
Latest 6 Months | |
Latest 12 Months | |
Latest 24 Months | |
Annualised Since Inception | |
Inception Date | |
FUM (millions) | |
Fund Overview | |
Manager Comments | In a strong month returns were broadly based across a range of commodities with particularly strong results coming from cotton, silver, corn and the energy sector (heating oil, gas oil and crude). Losses were minimal and restricted to Cocoa, wheat and natural gas. Overall out of 24 commodities traded, only four lost ground for the month. |
More Information | » View detailed profile of this fund |
11 Oct 2010 - September results reflect strong equity markets
With the ASX200 rallying over 5% in September, and the S&P over 8%, initial results based on 20% of results to date have seen some strong results. Average results from all funds received to date are up 2.88%, with equity based funds up 3.08% reflecting the equity rally.
Strongest performances to date include Commodity Strategies Long/Short (+11.05%) and Long Only (+7.53%), Matthews Global Macro Velocity Fund (+10.76%), K2's International (+8.39%) and Asian (+7.61%), and Pengana's Global Resources Fund (+7.93%).
No currency funds have reported as yet, and with the surging A$ it will be interesting to see results from the FX funds as the month progresses.
30 Sep 2010 - Performance Report: Merricks Soft Commodity Fund
Report Date | |
Manager | |
Fund Name | |
Strategy | |
Latest Return Date | |
Latest Return | |
Latest 6 Months | |
Latest 12 Months | |
Latest 24 Months | |
Annualised Since Inception | |
Inception Date | |
FUM (millions) | |
Fund Overview | The objective of the Fund is to find outstanding investment opportunities in the Soft Commodities sector and to also take advantage of mispricing between commodities. All investments are based on bottom up fundamental research and the Fund limits directional exposure of its investments through a strict process of portfolio construction and risk management. Trading strategies include calendar spreads, substitute spreads and basis trades and the Merricks Capital trading platform allows the Fund to trade on all markets (including ASX, CBOT, Euronext and Malaysia). |
Manager Comments | |
More Information | » View detailed profile of this fund |
23 Sep 2010 - Performance Report: Merricks Capital Multi-Strategy Fund
Report Date | |
Manager | |
Fund Name | |
Strategy | |
Latest Return Date | |
Latest Return | |
Latest 6 Months | |
Latest 12 Months | |
Latest 24 Months | |
Annualised Since Inception | |
Inception Date | |
FUM (millions) | |
Fund Overview | The fund uses a top down/bottom up approach to generate absolute returns through a portfolio of three lowly correlated underlying strategies: 1. Long Short Equities 2. Soft Commodities, and 3. Event Driven. The primary focus is on the industrials complex in Asia (Hong Kong, Japan and Australia) and Soft Commodities, which is also available as a standalone strategy if required. |
Manager Comments | |
More Information | » View detailed profile of this fund |
15 Sep 2010 - Performance Report: Herschel Absolute Return Fund
Report Date | |
Manager | |
Fund Name | |
Strategy | |
Latest Return Date | |
Latest Return | |
Latest 6 Months | |
Latest 12 Months | |
Latest 24 Months | |
Annualised Since Inception | |
Inception Date | |
FUM (millions) | |
Fund Overview | |
Manager Comments | |
More Information | » View detailed profile of this fund |
14 Sep 2010 - Performance Report: Headland Global Diversified Fund
Report Date | |
Manager | |
Fund Name | |
Strategy | |
Latest Return Date | |
Latest Return | |
Latest 6 Months | |
Latest 12 Months | |
Latest 24 Months | |
Annualised Since Inception | |
Inception Date | |
FUM (millions) | |
Fund Overview | |
Manager Comments | Positions in cotton, natural gas and gold were the best performers, while losses were experienced on soy beans and corn. At month end asset exposure was skewed towards agricultural commodities (over 50%) followed by energy and bonds. |
More Information | » View detailed profile of this fund |
14 Sep 2010 - Performance Report: Mathews Velocity Fund
Report Date | |
Manager | |
Fund Name | |
Strategy | |
Latest Return Date | |
Latest Return | |
Latest 6 Months | |
Latest 12 Months | |
Latest 24 Months | |
Annualised Since Inception | |
Inception Date | |
FUM (millions) | |
Fund Overview | The Manager does not target a specific investment style. The Manager's investment strategy is based on attempting to pick emerging trends in the equity and commodity markets. |
Manager Comments | Over 50% of the funds performance came from positions in gold stocks which provided excellent leverage to gold's rise of 6% during the month. Losses for the month included a small short position in US Treasuries, and longer dated crude oil call options. |
More Information | » View detailed profile of this fund |