NEWS
Performance Report: Herschel Absolute Return Fund
21 Apr 2010 - Australian Fund Monitors
Herschel saw their Absolute Return Fund gain 4.36% in March with holdings in Fairfax Preference shares, Ten Network, Westpac and Virgin Blue all making positive contributions.
Read more...
21 Apr 2010 - Performance Report: Herschel Absolute Return Fund
By: Australian Fund Monitors
Report Date | |
Manager | |
Fund Name | |
Strategy | |
Latest Return Date | |
Latest Return | |
Latest 6 Months | |
Latest 12 Months | |
Latest 24 Months | |
Annualised Since Inception | |
Inception Date | |
FUM (millions) | |
Fund Overview | |
Manager Comments | At the end of the month net equity market exposure (including derivatives) for the fund stood at 50.5% (73.2% long and 22.7% short). |
More Information | » View detailed profile of this fund |
Performance Report: OC Premium Equity Fund
21 Apr 2010 - Australian Fund Monitors
The 4.7% gain returned by the OC Premium Fund in March was boosted by the performance of recently listed retailer Katmandu, which was up 17% over the last quarter following the release of its first set of financial results.
Read more...
21 Apr 2010 - Performance Report: OC Premium Equity Fund
By: Australian Fund Monitors
Report Date | |
Manager | |
Fund Name | |
Strategy | |
Latest Return Date | |
Latest Return | |
Latest 6 Months | |
Latest 12 Months | |
Latest 24 Months | |
Annualised Since Inception | |
Inception Date | |
FUM (millions) | |
Fund Overview | |
Manager Comments | During the last quarter the fund benefitted from new positions added including Ausenco, Adelaide Brighton, Clough, Sedgman Limited and SMS Management and Technology which the manager believes are high quality mid cap companies which had been sold down to attractive entry prices. |
More Information | » View detailed profile of this fund |
Performance Report: Bennelong Securities Long Short Equity Fund
14 Apr 2010 - Australian Fund Monitors
Bennelong's Long Short Equity Fund posted a positive return of 4.4% in March, taking the view that much of the drawdown the fund experienced in February was not related to longer term fundamentals.
Read more...
14 Apr 2010 - Performance Report: Bennelong Securities Long Short Equity Fund
By: Australian Fund Monitors
Report Date | |
Manager | |
Fund Name | |
Strategy | |
Latest Return Date | |
Latest Return | |
Latest 6 Months | |
Latest 12 Months | |
Latest 24 Months | |
Annualised Since Inception | |
Inception Date | |
FUM (millions) | |
Fund Overview | |
Manager Comments | Looking ahead Bennelong expects the arm-wrestle between divergent macro views to continue, with an improving growth outlook conflicting with concerns about sovereign debt and structural risks. |
More Information | » View detailed profile of this fund |
Performance Report: K2 Select International Absolute Return Fund
13 Apr 2010 - Australian Fund Monitors
Net equity exposure for K2\\\\'s Select International Fund was between 80% and 100% throughout March, generating a positive reult of 4.7%.
Read more...
13 Apr 2010 - Performance Report: K2 Select International Absolute Return Fund
By: Australian Fund Monitors
Report Date | |
Manager | |
Fund Name | |
Strategy | |
Latest Return Date | |
Latest Return | |
Latest 6 Months | |
Latest 12 Months | |
Latest 24 Months | |
Annualised Since Inception | |
Inception Date | |
FUM (millions) | |
Fund Overview | |
Manager Comments | The fund is currently hedging 72% of its exposures back to AUD as the manager sees positives and negatives for the local currency versus other currencies as being fairly balanced at this point. |
More Information | » View detailed profile of this fund |
Performance Report: Prime Value Growth Fund
13 Apr 2010 - Australian Fund Monitors
Prime Value\\'s Growth Fund rode the back of a strong sharemarket to post a gain of 5.3% in March.
Read more...
13 Apr 2010 - Performance Report: Prime Value Growth Fund
By: Australian Fund Monitors
Report Date | |
Manager | |
Fund Name | |
Strategy | |
Latest Return Date | |
Latest Return | |
Latest 6 Months | |
Latest 12 Months | |
Latest 24 Months | |
Annualised Since Inception | |
Inception Date | |
FUM (millions) | |
Fund Overview | |
Manager Comments | The manager believes that conditions remain supportive of equities due to growth in emerging economies, further technological innovation and an improvement in corporate health following a period of cost cutting and debt reduction. The fund's cash holding is currently less than 10%, with Prime Value preferring the mining, mining services, energy and consumer staples sectors. |
More Information | » View detailed profile of this fund |
Performance Report: Pengana Global Resources Fund
13 Apr 2010 - Australian Fund Monitors
Rising prices for many commodities in March helped Pengana\\'s Global Resources Fund to gain 9.8% for the month.
Read more...
13 Apr 2010 - Performance Report: Pengana Global Resources Fund
By: Australian Fund Monitors
Report Date | |
Manager | |
Fund Name | |
Strategy | |
Latest Return Date | |
Latest Return | |
Latest 6 Months | |
Latest 12 Months | |
Latest 24 Months | |
Annualised Since Inception | |
Inception Date | |
FUM (millions) | |
Fund Overview | The fund uses multiple strategies to profit from inefficiencies in the pricing of small and large companies and event driven activity. The fund employs three core strategies: - Pairs trading in liquid, large capitalisation stocks - Directional long and short positions in mid and small capitalisation stocks - Event driven (e.g IPO's, mergers and acquisitions), and other corporate activity. |
Manager Comments | Key contributors to the result were Anglo American (+20.25%), Atlas iron (+21.29%), Bluescope Steel (+20.25%) and Matrix Composites and Engineering (+34.62%). The manager reports that long positions in Alumina, Mirabela Nickel and Gryphon Minerals were sold during the month while the fund's long position in Matrix Composites and Engineering was reduced. |
More Information | » View detailed profile of this fund |
Performance Report: PM CAPITAL Absolute Performance Fund AUD
13 Apr 2010 - Australian Fund Monitors
Better than expected earnings for US and European banks helped PM Capital\\'s Absolute Performance Fund post a gain of 10.1% in March.
Read more...
13 Apr 2010 - Performance Report: PM CAPITAL Absolute Performance Fund AUD
By: Australian Fund Monitors
Report Date | |
Manager | |
Fund Name | |
Strategy | |
Latest Return Date | |
Latest Return | |
Latest 6 Months | |
Latest 12 Months | |
Latest 24 Months | |
Annualised Since Inception | |
Inception Date | |
FUM (millions) | |
Fund Overview | |
Manager Comments | A little more than half of the fund continues to be invested in financial companies in the US, Europe and Asia, while 30% is invested in technology companies. |
More Information | » View detailed profile of this fund |
March absolute return and hedge fund review
1 Apr 2010 - Australian Fund Monitors
Australian Hedge Funds produced positive returns in February, but for many managers it was a tough month.
Read more...
1 Apr 2010 - March absolute return and hedge fund review
By: Australian Fund Monitors
March absolute return and hedge fund review (pdf format)
Australian Hedge Funds produced positive returns in February, but for many managers it was a tough month.
Equity markets started the month much as January left off, with concerns over new legislation in the US, Greeceās sovereign debt issues possibly spreading elsewhere in Europe, and potential credit tightening in China all combining to prompt hedge fund managers to take risk off the table.
For detailed analysis of performance for each strategy, industry comment and ranking tables, please open the attached .pdf file.

Performance Report: Pengana Emerging Companies Fund
24 Mar 2010 - Australian Fund Monitors
Pengana's Emerging Companies Fund was up +1.8% in February with the majority of stocks in the portfolio producing strong results, of which most are not heavily exposed to the shorter term economic cycle.
Read more...
24 Mar 2010 - Performance Report: Pengana Emerging Companies Fund
By: Australian Fund Monitors
Report Date | |
Manager | |
Fund Name | |
Strategy | |
Latest Return Date | |
Latest Return | |
Latest 6 Months | |
Latest 12 Months | |
Latest 24 Months | |
Annualised Since Inception | |
Inception Date | |
FUM (millions) | |
Fund Overview | The manager utilises a robust investment process that combines in depth fundamental research with disciplined portfolio construction and risk controls. |
Manager Comments | An area of disappointment for the manager was the performance of companies exposed to the mining sector, where an expected recovery in construction activity has seen delays impacting revenue growth. Looking beyond the very short term though, the manager believes that the prospects for the mining sector are very strong with new projects coming on stream. |
More Information | » View detailed profile of this fund |
Performance Report: Prodigal Absolute Cayman Fund
24 Mar 2010 - Australian Fund Monitors
The +2.57% return achieved by Prodigal\\'s Absolute Cayman Fund in February takes its return for 2010 so far to +6.64%. Most of February\\'s result came from the fund\\'s Model Trading activities with returns diversified across pairs and...
Read more...
24 Mar 2010 - Performance Report: Prodigal Absolute Cayman Fund
By: Australian Fund Monitors
Report Date | |
Manager | |
Fund Name | |
Strategy | |
Latest Return Date | |
Latest Return | |
Latest 6 Months | |
Latest 12 Months | |
Latest 24 Months | |
Annualised Since Inception | |
Inception Date | |
FUM (millions) | |
Fund Overview | |
Manager Comments | Risk Arbitrage also made a positive contribution to the result and spreads in the strategy continue to be attractive. The manager added new deals in the month including acquisitions involving companies listed in Hong Kong, Singapore, Malaysia and Australia. The fund's Convertible Arbitrage portfolio did not generate significant returns in February and the manager has selectively reduced their holdings in this area. |
More Information | » View detailed profile of this fund |