NEWS
February absolute return and hedge fund review
Volatility returned to global markets in January, as President Obama foreshadowed controls on banks' prop trading activities and ownership of hedge funds, China issued a warning on credit growth, and Greece shook the confidence of markets...
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February absolute return and hedge fund reviewPerformance Report: Excalibur Absolute Return Fund
Excalibur believes that their Absolute Return Fund is well positioned for the year ahead after achieving a positive result of 0.53% in January.
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Performance Report: Optimal Japan Absolute Long Fund
Optimal Japan's Absolute Long Fund generated a positive return of 2.58% in January as many funds with a focus on Japan outperformed funds with an Australian bias.
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Performance Report: Ascalon Income Fund
The Ascalon Income Fund lost 1.24% in January against its benchmark (1 year swap +0.75%) return of 0.39% and the ASX200s return of -6.18%.
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Performance Report: Argus Dynamic Multi-strategy Program
January was difficult month for all Commodities/CTA managers and Agrgus Capital Management's Dynamic Multi-Strategy Fund was no exception, falling 8.14% in the month.
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Performance Report: Prodigal Equity RV Fund
Prodigal attributes most of the rise in their Equity RV fund in January of 2.45% to the mean reversion of spreads that had widened late last year.
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Performance Report: Fortitude Capital Absolute Return Trust
Fortitude Capital's Absolute Return Trust generated a positive return of 0.44% in January with the fund's Mergers and Acquisitions portfolio making the largest contribution, in which the fund's largest position remains in Indophil resources.
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Performance Report: Herschel Absolute Return Fund
The manager attributes the fund's -3.84% result for January to overweight exposure to the Materials sector with large positions in BHP, Rio Tinto and Westpac the main contributors to the fall.
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Performance Report: AR Capital - Ascot Fund
The manager said that ARCM's Ascot Fund fall of 2.45% in January was disappointing, although against a backdrop of a more than 6.2% fall in the Australian equity market the fund achieved a solid result.
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Performance Report: Regal Tasman Market Neutral Fund
Regal's Tasman Market Neutral Fund gained 1.41% in January with losses occuring in the fund's holdings in the Utilities and Basic Minerals sectors, while profits were made from short positions in the Industrials sector.
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