Fact Sheet
As at March 2024
As at March 2024
Bennelong Long Short Equity Fund
APIR: BFL0005AU
Manager Summary
Bennelong Long Short Equity Management (BLESM) is an Australian Absolute Return Manager established in 2002 by Richard Fish in conjunction with the Bennelong Group. Fish subsequently retired in 2017.
Sam Shepherd joined in 2012 and from 2017 has led the four person investment team, which includes Sam Taylor, Head of Research, and Senior Investment Analysts Steven Lambeth and Justin Hay, all of whom are shareholders in the management company.
Sam Shepherd joined in 2012 and from 2017 has led the four person investment team, which includes Sam Taylor, Head of Research, and Senior Investment Analysts Steven Lambeth and Justin Hay, all of whom are shareholders in the management company.
Strategy Summary
The Manager applies a qualitative selection process to create a diversified portfolio of primarily ASX Top 100 "paired" securities selected from within the same ASX sector, and which are dollar neutral at cost.
In a typical environment the Fund will hold around 35 pairs and 70 stocks. Each pair contains balanced long and short positions selected from the same market sector. The Fund uses no derivatives and has no currency exposure.
In a typical environment the Fund will hold around 35 pairs and 70 stocks. Each pair contains balanced long and short positions selected from the same market sector. The Fund uses no derivatives and has no currency exposure.
Key Terms
| Status: | Open | Inception Date: | Jan 2003 |
| Strategy: | Equity Market Neutral | Style: | Blend |
| Geography: | Australia | Domicile: | Australia |
| Investors: | Wholesale | Min. Investment: | AU$ 500,000 |
| Distributions: | Annually | Applications: | Monthly |
| Fund Size: | AU$ 119.88m | Management Fee: | 1.50% |
| Manager FUM: | AU$ 206.13m | Performance Fee: | 20.00% |
Key Statistics
| Fund | Index* | Fund | Index* | ||
| Mar 2024: | 1.86% | 3.27% | Sharpe1: | 0.74 | 0.42 |
| 1 Year: | 11.64% | 14.45% | Sortino1: | 1.11 | 0.48 |
| 3 Years1,2: | 3.34% | 9.62% | Best Month1: | 10.59% | 10.21% |
| 5 Years1,2: | 4.74% | 9.15% | Worst Month1: | -10.22% | -20.65% |
| Inception1,2: | 12.58% | 8.30% | Volatility1,2: | 12.83% | 13.42% |
| Up-Capture1: | 3% | N/A | Down-Capture1: | -123% | N/A |
General Notes
The returns January 2003 to June 2008 are pro forma net returns of the Bennelong Securities Long Short Equity Fund (Managed Account).
Cumulative Returns Fund Index
Bennelong Long Short Equity 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
Bennelong Long Short Equity 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.