Alleron’s Australian Eagle Trust Long Short Fund added +5.3% in August 2017 after all fees. For the first 2 months of this financial year the fund is up approximately +3.5% and up 28.8% since inception in July 2016.
Australian Reporting Season Update – September 2017
Positive contributions from the reporting season came from Long positions in Treasury Wine Estates, medical device company Cochlear and fast fashion retailer Lovisa. All three companies were favourably assessed on their strong, sustainable growth forecasts for the coming years, consistent with our process.
Alleron’s Short portfolio also added to performance with notable contributions from short positions in Telstra, Healthscope and Domino’s. Telstra’s larger than expected cut to dividends, as they retain more earnings to invest into new businesses, along with minimal growth from Healthscope’s main Australian Hospital division and slowing growth from Domino’s, were all sold down by the market.
We appreciate your ongoing interest in Alleron and look forward to keeping you informed of our progress.
Alleron Australian Eagle Trust Long-Short Fund nominated in Best Emerging Manager category for The Australian Alternative Investment Awards
Hedge Funds Rock (HFR) & The Australian Alternative Investment Awards has today announced the nominees for its 2017 awards event.
Alleron Australian Eagle Trust Long-Short Fund has been nominated in Best Emerging Manager category in 2017.
Sean Sequeira CFA
CIO
Alleron Investment Management
e: sean.sequeira@alleron.com.au
t: (02) 8252 7563