Aurora Fortitude Absolute Return Fund returned 0.74% and 7.57% for the last 12 months with a volatility of 1.58% and only one negative month.

Optimal Australia Absolute Trust returned 0.54% during December ending the month with a net exposure position of 11.1%.

Pengana Australian Equities Fund returned 1.27% during December with a month-end cash balance of 22%. Annual return was 18.60% (S&P/ASX 200 Accum 20.12%) with a volatility of 7.82% (Index 11.43%)

Insync Global Titans Fund returned 4.9% in December ahead of the MSCI All Country Index in $A at 4.0% with the Fund recording an up capture ratio of 0.45 and down capture ratio of -1.17.

Bennelong Long Short Equity Fund returned 2.68% during December bringing twelve month performance to 22.46%. The Fund now has 11 years of unbroken positive returns.

Morphic Global Opportunities Fund returned 3.85% during December as the Fund benefited from $A weakness as well as a short position on US bonds and other currencies.

Monash Absolute Investment Fund returned -0.60% during December 2013 bringing the 12 month return to 30.41% as compared to the S&P/ASX 200 Accum return of 20.12%.

Bennelong's Kardinia Long/Short equity fund returned 1.11% in December 2013, taking returns for the year to 14.78%, broadly in line with annualised returns since inception of 14.10%.

Pengana Asian Special Events Fund returned 0.43% over the month and 12.41% for the previous twelve months with a beta of -0.03 and correlation of -0.1.

Allard Investment Fund returned 2.80% during November and 13.87% for the previous twelve months with a low volatility of 6.99%.