Australian long/short funds shine
Australian long/short share funds materially outperformed the equity market over the 12 months to 30 April 2016, despite the market volatility, according to Zenith Investment Partners.
Zenith's long/short sector review found that long/short managers produced an average return of 4.6 per cent, compared to the S&P/ASX 300 Accumulation index, which returned -4.7 per cent.
Zenith lead analyst, Justin Tay, said: "Most managers within the Australian long/short space demonstrated an ability to preserve capital in what was a challenging and volatile period for the Australian equity market".
He said Zenith's rated funds also impressed him from a risk-adjusted basis, as they exhibited lower volatility compared with the broader Australian equity market.
Recommended for you
Tribeca Investment Partners has made a distribution hire from Australian Ethical in a newly-created role focused on the national intermediary market.
Asset managers may be urged to diversify their product ranges, but investment executives have warned any M&A deal should avoid simply filling gaps and instead consider long-term value creation.
Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equity firm.
Fund managers are entering 2025 with the most bullish sentiment since August 2021 and record high allocations to US equities, thanks to the incoming Trump administration.
