News
Performance Report: Optimal Australia Absolute Trust March 2011
18 Apr 2011 - Australian Fund Monitors
Optimal Australia returns +0.50% in March with gains from resources, telcos gold and insurance in the long book, and builders, contractors and resources in the short.
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18 Apr 2011 - Performance Report: Optimal Australia Absolute Trust March 2011
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 | Optimal noted that markets seem to be either risk on or risk off, with investors switching from extreme bullishness to extreme bearishness in a matter of days. Given this environment they believe their focus on bottom up research will continue with their aim to make money when risk is on, and preserve capital when it is off. |
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Performance Report: Bennelong Securities Long Short Equity Fund
18 Apr 2011 - Australian Fund Monitors
Bennelong returns +1.85% in March with the majority coming from the long portfolio, particularly the Energy, Financials ex REITS and Materials sectors.
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18 Apr 2011 - Performance Report: Bennelong Securities Long Short Equity Fund
By: Australian Fund Monitors
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Performance Report: Herschel Absolute Return Fund March 2011
15 Apr 2011 - Australian Fund Monitors
Herschel overcomes March market volatility to edge up 0.23% to take 12 month performance to +15.49%.
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15 Apr 2011 - Performance Report: Herschel Absolute Return Fund March 2011
By: Australian Fund Monitors
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Manager Comments | At month end net equity exposure including derivatives was 49.3%. (64% long and 14% short). |
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Performance Report: Mathews Velocity Fund March 2011
14 Apr 2011 - Australian Fund Monitors
Mathews Velocity fund overcomes market volatility in March to return +5.31% and retains focus and concentration on the coal and gold sectors
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14 Apr 2011 - Performance Report: Mathews Velocity Fund March 2011
By: Australian Fund Monitors
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Fund Overview | The Manager does not target a specific investment style. The Manager's investment strategy is based on attempting to pick emerging trends in the equity and commodity markets. |
Manager Comments | The fund retained its focus on themes in the resources sectors, with coal and gold positions making up 42% and 29% of NAV respectively. Base metals and others and energy accounted for another 10% of NAV with industrials at 16%. The Velocity Fund's portfolio remained concentrated with the top 5 positions making up 41% of NAV and the top 10 accounting for 60%. FUM topped the $100m mark for the first time with performance and strong inflows both assisting. |
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Performance Report: Atrium Australian Equity Long Short Fund
24 Mar 2011 - Australian Fund Monitors
Atrium returns 0.73% in February and adjusts mandate to target yield and capital appreciation while hedging overall market risk.
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24 Mar 2011 - Performance Report: Atrium Australian Equity Long Short Fund
By: Australian Fund Monitors
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Fund Overview | The Fund's objective is to generate positive annual returns after fees in excess of the RBA Cash Rate regardless of equity market conditions. |
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Performance Report: Herschel Absolute Return Fund
16 Mar 2011 - Australian Fund Monitors
Herschel adds 2.13% in February, taking 12 month performance to +20.25% while reducing net market exposure towards the end of the month to 40.9% including derivatives.
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16 Mar 2011 - Performance Report: Herschel Absolute Return Fund
By: Australian Fund Monitors
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Manager Comments | Towards the end of the month the manager reduced net market exposure to 40.9% (67.5% long and 26.6% short) including derivatives. |
More Information | » View detailed profile of this fund |
Performance Report: Commodity Strategies Active Long Only Programme
14 Mar 2011 - Australian Fund Monitors
Commodity Strategies long only programme returns +4.13% in February with strong gains in energy and agricultural commodities offsetting losses in grains.
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14 Mar 2011 - Performance Report: Commodity Strategies Active Long Only Programme
By: Australian Fund Monitors
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Manager Comments | Grains, with the exception of corn, lost ground. |
More Information | » View detailed profile of this fund |
Performance Report: Mathews Velocity Fund
11 Mar 2011 - Australian Fund Monitors
Mathews Velocity Fund up 3.57% in February with strong gains in coal and gold holdings again driving performance
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11 Mar 2011 - Performance Report: Mathews Velocity Fund
By: Australian Fund Monitors
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Fund Overview | The Manager does not target a specific investment style. The Manager's investment strategy is based on attempting to pick emerging trends in the equity and commodity markets. |
Manager Comments | Top contributors for the montyh included Carabella (coal), +49%, Intrepid (gold) +23% and Bathurst (coal) +12%. At month end the portfolio weightings were Coal, 42%, Gold 31% and Industrials 16%. |
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Performance Report: Bennelong Securities Long Short Equity Fund
10 Mar 2011 - Australian Fund Monitors
Bennelong's Market Neutral Fund produced a solid return of 4.39% in February mainly driven by strong contributions from the long portfolio
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10 Mar 2011 - Performance Report: Bennelong Securities Long Short Equity Fund
By: Australian Fund Monitors
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Manager Comments | Best sectors for the fund were consumer discretionary, financial and Industrials, while materials and energy were the major detractors. |
More Information | » View detailed profile of this fund |
Performance Report: Optimal Australia Absolute Trust
9 Mar 2011 - Australian Fund Monitors
Optimal Australia reports a return of +1.26% in February, making it their 24th consecutive positive month, but is taking a cautious view on markets
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9 Mar 2011 - 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 | The fund reduced net exposure to limit risk as a result of reporting season volatility and political unrest in North Africa, noting that Australia's two speed economy remained, with consumers having gone to ground while the resources sector growth continues unabated. |
More Information | » View detailed profile of this fund |