News
Performance Report: Merricks Soft Commodity Fund
18 Dec 2012 - Australian Fund Monitors
Merricks Soft Commodity Fund delivers 0.76% in November driven predominantly by the seasonal convergence of geographic wheat spreads.
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18 Dec 2012 - Performance Report: Merricks Soft Commodity Fund
By: Australian Fund Monitors
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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). |
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Performance Report: Global Titans Fund
17 Dec 2012 - Australian Fund Monitors
Insync's Global Titans Fund returns 2.02% in November bringing returns in the latest 12 months to 16.89%.
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17 Dec 2012 - Performance Report: Global Titans Fund
By: Australian Fund Monitors
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Performance Report: Bennelong Kardinia Absolute Return Fund
11 Dec 2012 - Australian Fund Monitors
Bennelong Kardinia's Absolute Return Fund returns 0.71% in November with CSL, Telstra and Cash Converters the largest contributors to performance.
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11 Dec 2012 - Performance Report: Bennelong Kardinia Absolute Return Fund
By: Australian Fund Monitors
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Fund Overview | The Fund consists of a concentrated long/short portfolio typically comprising 30 to 40 ASX300 listed stocks, generally with a long bias aligned to the overall market direction. There is a slight bias to large cap stocks in the long side of the portfolio, although in a rising market the portfolio will tend to hold smaller caps, including resource stocks, more frequently. The Fund was launched on 17th August 2011 following the resignation of Portfolio Managers Mark Burgess and Kristiaan Rehder from Herschel Asset Management in late July 2011. While at Herschel Burgess and Rehder had managed the Fund under the name of the Herschel Absolute Return Fund. As a result management of the Fund was transferred to Kardinia Capital, a new boutique fund manager 65% owned by Burgess and Rehder, with the balance owned by Bennelong Funds Management. The Fund's investment strategy and prior track record remains intact. |
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Performance Report: Aurora Fortitude Absolute Return Fund
10 Dec 2012 - Australian Fund Monitors
Aurora Fortitude's Absolute Return Fund delivers 0.54% return for November as the Long/Short, Convergence, Mergers and Acquisitions and Yield portfolios all generated positive returns.
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10 Dec 2012 - Performance Report: Aurora Fortitude Absolute Return Fund
By: Australian Fund Monitors
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Performance Report: Regal Tasman Market Neutral Fund
6 Dec 2012 - Australian Fund Monitors
Regal's Tasman Market Neutral Fund delivers a 1.55% return for November driven by positions in the Utilities, Financials and Energy sectors.
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6 Dec 2012 - Performance Report: Regal Tasman Market Neutral Fund
By: Australian Fund Monitors
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Performance Report: BlackRock Australian Equity Market Neutral Fund
3 Dec 2012 - Australian Fund Monitors
The BlackRock Australian Equity Market Neutral Fund delivers 1.76% return in October driven by long positions in Graincorp and Flight Centre.
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3 Dec 2012 - Performance Report: BlackRock Australian Equity Market Neutral Fund
By: Australian Fund Monitors
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Fund Overview | The Fund's portfolio primarily consists of long and short Australian equity positions. The Fund may also invest in other funds managed by BlackRock. Derivative securities, such as futures, forwards, swaps and options, can be used to manage risk and return Key insights into the investment process include: - Analyst Expectations - Relative Valuation - Earnings Quality - Market Signals - Timing Short-Term return enhancing opportunities including: - Dividend reinvestment plans - Manging index changes - Managing cash flows - Arbitrage - Initial public offerings and Seasoned Equity Offerings - Off Market Buybacks |
Manager Comments | Monthly performance was driven by long positions in Graincorp and Flight Centre which outweighed losses on short positions in Discovery Metals and Alumina. |
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Performance Report: Optimal Australia Absolute Trust
3 Dec 2012 - Australian Fund Monitors
The Optimal Australia Absolute Trust returned 0.37% in October, driven by long positions in Financials, Materials and Industrials.
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3 Dec 2012 - Performance Report: Optimal Australia Absolute Trust
By: Australian Fund Monitors
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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 line with many of their peers Optimal maintains a cautious outlook, avoiding overly aggressive levels of equity risk as political uncertainty driven by the US 'fiscal cliff' and Euro zone concerns persist. |
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Performance Report: Bennelong Long Short Equity Fund
26 Nov 2012 - Australian Fund Monitors
Bennelong Long Short Equity Fund returns 1.69% to take 12 month performance to 15.70% with strong returns from the long portfolio being somewhat offset by negative returns on short positions.
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26 Nov 2012 - Performance Report: Bennelong Long Short Equity Fund
By: Australian Fund Monitors
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Manager Comments | The Manager maintains a cautious outlook for growth in 2013 as the impact of global stimulus measures is assessed. |
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Performance Report: Bennelong Kardinia Absolute Return Fund
20 Aug 2012 - Australian Fund Monitors
Bennelong Kardinia increases net market exposure as both long and short books contributed to July\\\\\\\\\\\\\\\\\\\\'s performance of +2.30%
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20 Aug 2012 - Performance Report: Bennelong Kardinia Absolute Return Fund
By: Australian Fund Monitors
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Fund Overview | The Fund consists of a concentrated long/short portfolio typically comprising 30 to 40 ASX300 listed stocks, generally with a long bias aligned to the overall market direction. There is a slight bias to large cap stocks in the long side of the portfolio, although in a rising market the portfolio will tend to hold smaller caps, including resource stocks, more frequently. The Fund was launched on 17th August 2011 following the resignation of Portfolio Managers Mark Burgess and Kristiaan Rehder from Herschel Asset Management in late July 2011. While at Herschel Burgess and Rehder had managed the Fund under the name of the Herschel Absolute Return Fund. As a result management of the Fund was transferred to Kardinia Capital, a new boutique fund manager 65% owned by Burgess and Rehder, with the balance owned by Bennelong Funds Management. The Fund's investment strategy and prior track record remains intact. |
Manager Comments | Net equity market exposure was raised to 32.7% by the end of July (38.1% long and 5.4% short) from 27.4% in June. Kardinia was one of only 12 funds in AFM's database to have recorded positive consecutive performances over 1, 2, 3, 4 and 5 years to the end of June 2012. |
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Performance Report: Bennelong Kardinia Absolute Return Fund
12 Jul 2012 - Australian Fund Monitors
Bennelong's Kardinia returns 1.38% in June with short positions providing the bulk of the performance as the resources sector continued its recent underperformance.
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12 Jul 2012 - Performance Report: Bennelong Kardinia Absolute Return Fund
By: Australian Fund Monitors
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Fund Overview | The Fund consists of a concentrated long/short portfolio typically comprising 30 to 40 ASX300 listed stocks, generally with a long bias aligned to the overall market direction. There is a slight bias to large cap stocks in the long side of the portfolio, although in a rising market the portfolio will tend to hold smaller caps, including resource stocks, more frequently. The Fund was launched on 17th August 2011 following the resignation of Portfolio Managers Mark Burgess and Kristiaan Rehder from Herschel Asset Management in late July 2011. While at Herschel Burgess and Rehder had managed the Fund under the name of the Herschel Absolute Return Fund. As a result management of the Fund was transferred to Kardinia Capital, a new boutique fund manager 65% owned by Burgess and Rehder, with the balance owned by Bennelong Funds Management. The Fund's investment strategy and prior track record remains intact. |
Manager Comments | Net equity market exposure remained steady at 27.4% (34.1% long and 6.7% short). |
More Information | » View detailed profile of this fund |