Auscap Long Short Australian Equities Fund

27 Nov 2013 - Australian Fund Monitors

Auscap Long Short Australian Equities Fund recorded a strong 5.46% during October bringing the six month return to 26.66%.

Fund Review: Insync Global Titans Fund

27 Nov 2013 - Australian Fund Monitors

AFM's updated Fund Review for Insync Global Titans Fund for October 2013 shows the Fund delivering an annualised return of 9.45% and annualised standard deviation of 8.26% (since inception in October 2009) with sound risk-reward statistics.

Fund Review: Bennelong Kardinia Absolute Return Fund

26 Nov 2013 - Australian Fund Monitors

The Fund is long biased, research driven, active equity long/short strategy investing in listed ASX companies with a seven year track record. Since inception in May 2006 the Fund has returned 14.24% p.a. as compared to 4.93% (S&P/ASX 200...

Fund Review: Optimal Australia Absolute Trust

25 Nov 2013 - Australian Fund Monitors

AFM's updated Fund Review for the Optimal Australia Absolute Trust for October 2013 has been released. The fund is characterised by very low risk with an annualised standard deviation 3.60% and a Sharpe Ratio since inception of 1.80.

Totus Alpha Fund

25 Nov 2013 - Australian Fund Monitors

Totus Alpha Fund returned a very strong 14.2% for October bringing its since inception (April 2012) annualised return to 32.83%.

Intelligent Investor Value Fund

22 Nov 2013 - Australian Fund Monitors

Intelligent Investor Value Fund returned 2.5% during October bringing the 12 month return to 50.89% with a volatility of 9.93% p.a.

Fund Review: Bennelong Long Short Equity Fund

20 Nov 2013 - Australian Fund Monitors

The Bennelong Long Short Equity Fund is a research driven, market and sector neutral, "pairs" trading strategy investing primarily in large cap stocks from the ASX/S&P100 Index, with a ten year track record and annualised net returns of over 20%.

Pengana Australian Equities Market Neutral Fund

19 Nov 2013 - Australian Fund Monitors

The Pengana Australian Equities Market Neutral Fund delivered 1.0% for October and 8.5% for the last 12 months and a beta of -0.03 with the equity market.

19 Nov 2013 - Pengana Australian Equities Market Neutral Fund

By: Australian Fund Monitors

Report Date	18 November 2013
Manager	Pengana Capital
Fund Name	Pengana Australian Equities Market Neutral Fund
Strategy	Equity Market Neutral
Latest Return Date	October 2013
Latest Return	1.00%
Latest 6 Months	7.45%
Latest 12 Months	8.49%
Latest 24 Months	18.50%
Annualised Since Inception	9.45%
Inception Date	09 September 2008
FUM (millions)	AU$17.8
Fund Overview	The Pengana Australian Equities Market Neutral Fund aims to provide a net annualised return of 5-10% over cash, with a risk target of 8-10%. The Fund holds equal weights in long and short positions listed on the ASX with a majority of the stocks included in the S&P/ASX 300 Index. The manager's investment approach is premised on the belief that fundamental factors (such as earnings, cash flow and profit growth) affect stock prices, but that the adoption of quantitative techniques (i.e. computer based models) provides an advantage in assimilating and analysing this information, and building an efficient portfolio. The Fund's portfolio is constructed to be 'Market Neutral' i.e. it aims to have little or no overall exposure to movements in the equity market. The aim of low exposure to market movements is to enhance the consistency of the portfolio's performance and to provide diversification from other market oriented investments.
Manager Comments	The Pengana Australian Equities Market Neutral Fund delivered 1.0% for October and 8.5% for the last 12 months with a beta of -0.03 with the equity market. Over the last 60 months the Fund has delivered an annual return of 9.23% as compared to the ASX 200 Accumulation Index return of 11.08%. However the Fund's low risk is indicated by a volatility 8.03% (13.57% Index), maximum draw-down of 13.47% (15.13% Index) and downside deviation of 5.00 (8.95 Index). The Fund's fundamental Earnings Revisions factor rebounded during October as a raft of profit warnings including AMP and Qantas hit the market. Quality was once again favoured as risk appetite remained flat over the month. Against this the Value factor sold off slightly as investors headed back towards stronger balance sheets and more certain cash flows with dividend yield once again being sought out by the market
More Information	» View detailed profile of this fund

Fund Review: Morphic Global Opportunities Fund

18 Nov 2013 - Australian Fund Monitors

Morphic's Global Opportunities Fund has recently completed its first year of operations having returned 33.63% over 15 months with volatility of 8.71% and a Sharpe ratio of 3.08 since inception in August 2012.

Optimal Australia Absolute Trust

15 Nov 2013 - Australian Fund Monitors

Optimal Australia Absolute Trust returned 0.32% for October 2013 bringing its five year performance to 10.84% p.a. (11.08% pa ASX 200 Acc Index) with a volatility of only 3.66% (13.57% Index).

15 Nov 2013 - Optimal Australia Absolute Trust

By: Australian Fund Monitors

Report Date	14 November 2013
Manager	Optimal Fund Management Australia
Fund Name	Optimal Australia Absolute Trust
Strategy	Equity Long/Short
Latest Return Date	October 2013
Latest Return	0.32%
Latest 6 Months	2.30%
Latest 12 Months	2.73%
Latest 24 Months	7.72%
Annualised Since Inception	10.74%
Inception Date	15 September 2008
FUM (millions)	AU$154
Fund Overview	The investment objective of the Fund is to seek to achieve above average returns in absolute terms, through investing in listed securities in Australia and New Zealand, subject to the overarching requirement of capital preservation. Investments will predominantly be in equity securities but may include fixed interest instruments, money market instruments, derivatives and foreign exchange contracts. 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	Optimal Australia Absolute Trust returned 0.32% for October 2013 bringing its five year performance to 10.84% p.a. (11.08% pa ASX 200 Acc Index) with a volatility of only 3.66% (13.57% Index). Notably the Fund's maximum draw-down since inception in September 2008 is 1.38% as compared to the Index maximum draw-down of 33.11%, indicating the Manager's strong aversion to capital losses. The Manager comments 'In our view, a lot of the easy money in equities has been made. Those investors who backed central banks to either print money forever, or to eventually create decent economic growth, have done very well, and continued to do well in October. From here, however, it gets harder. Financial repression has driven equity valuations to levels that require a sharp acceleration in growth for stock prices to hold, and there are still many questions over the degree and sustainability of that acceleration. We believe that we are reaching a point at which the market has to make up its mind as to whether or not QE policies may finally work. While resources stocks have finally stopped falling, the compound under-performance of this group over three years certainly suggests that investors remain skeptical on growth.'
More Information	» View detailed profile of this fund

Fund Monitors Pty Ltd

News

27 Nov 2013 - Auscap Long Short Australian Equities Fund

27 Nov 2013 - Fund Review: Insync Global Titans Fund

26 Nov 2013 - Fund Review: Bennelong Kardinia Absolute Return Fund

25 Nov 2013 - Fund Review: Optimal Australia Absolute Trust

25 Nov 2013 - Totus Alpha Fund

22 Nov 2013 - Intelligent Investor Value Fund

20 Nov 2013 - Fund Review: Bennelong Long Short Equity Fund

19 Nov 2013 - Pengana Australian Equities Market Neutral Fund

18 Nov 2013 - Fund Review: Morphic Global Opportunities Fund

15 Nov 2013 - Optimal Australia Absolute Trust

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