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Auscap Newsletter – August 2015
The Fund returned 3.46% net of fees during July 2015. This compares with the All Ordinaries Accumulation Index return of 4.23%. Average gross capital employed by the Fund was 108.9% long and 34.1% short. Average net exposure over the month was 74.8%. At the end of the month the Fund had 38 long positions and 14 short positions. The Fund’s biggest stock exposures at month end were spread across the financials, consumer discretionary, healthcare, industrials, energy and materials sectors
China ‘only game in town’ for iron ore, 4 August 2015
Australia's top emerging fund managers are divided on the fate of China's out of control sharemarket and whether it will lead to catastrophe or opportunity.
Auscap Newsletter – July 2015
The Fund returned negative 7.55% net of fees during June 2015. This compares with the All Ordinaries Accumulation Index return of negative 5.40%. Average gross capital employed by the Fund was 161.2% long and 26.2% short. Average net exposure over the month was 135.0%. At the end of the month the Fund had 37 long positions and 6 short positions. The Fund’s biggest stock exposures at month end were spread across the financials, consumer discretionary, healthcare, industrials and materials sectors.
The most important charts to watch in the new financial year, SMH, 1 July 2015
The most important charts to watch in the new financial year, SMH
Auscap Newsletter – June 2015
The Fund returned 4.43% net of fees during May 2015. This compares with the All Ordinaries Accumulation Index return of 0.58%. Average gross capital employed by the Fund was 141.3% long and 24.7% short. Average net exposure over the month was 116.6%. At the end of the month the Fund had 39 long positions and 8 short positions. The Fund’s biggest stock exposures at month end were spread across the financials, consumer discretionary, healthcare, industrials, consumer staples, energy and materials sectors
Auscap Newsletter – May 2015
The Fund returned minus 1.36% net of fees during April 2015. This compares with the All Ordinaries Accumulation Index return of minus 1.47%. Average gross capital employed by the Fund was 133.4% long and 34.2% short. Average net exposure over the month was +99.2%. At the end of the month the Fund had 38 long positions and 10 short positions. The Fund’s biggest stock exposures at month end were spread across the financials, consumer discretionary, industrials, consumer staples, healthcare, materials and energy sectors
Auscap Newsletter – April 2015
The Fund returned 3.98% net of fees during March 2015. This compares with the benchmark return of 0.19%. Average gross capital employed by the Fund was 105.6% long and 30.2% short. Average net exposure over the month was +75.4%. At the end of the month the Fund had 32 long positions and 10 short positions. The Fund’s biggest stock exposures at month end were spread across the financials, consumer discretionary, consumer staples, materials and energy sectors
Hedge funds offer hope in bubble times, Australian Financial Review, 9 March 2015
Hedge funds may have stung a lot of investors during the financial crisis but their ability to outperform in times of trouble has put them back on the radar of baby boomers who are worried about bubbles forming in stocks and the property market.
Auscap Newsletter – March 2015
The Fund returned 4.90% net of fees during February 2015. This compares with the benchmark return of 0.17%. Average gross capital employed by the Fund was 108.0% long and 30.7% short. Average net exposure over the month was +77.3%. At the end of the month the Fund had 30 long positions and 9 short positions. The Fund’s biggest stock exposures at month end were spread across the financials, consumer discretionary, healthcare, consumer staples and energy sectors.
Risk not the end game, Financial Standard, 25 February 2015
Risk not the end game, Financial Standard
Auscap Newsletter – February 2015
The Fund returned 3.65% net of fees during January 2015. This compares with the benchmark return of 0.21%. Average gross capital employed by the Fund was 109.9% long and 25.2% short. Average net exposure over the month was +84.7%. At the end of the month the Fund had 27 long positions and 10 short positions. The Fund’s biggest stock exposures at month end were spread across the financials, consumer discretionary, healthcare, materials and energy sectors.
Auscap Newsletter – January 2015
The Fund returned 0.44% net of fees during December 2014. This compares with the benchmark return of 0.21%. Average gross capital employed by the Fund was 141.1% long and 25.1% short. Average net exposure over the month was +116.0%. At the end of the month the Fund had 33 long positions and 5 short positions. The Fund’s biggest stock exposures at month end were spread across the financials, consumer discretionary, healthcare, telecommunications and industrials sectors.
