The Fund returned +4.35% net of fees in October 2020.
The portfolio’s largest positive contributions for the month came from long positions in:
- ResMed Inc
- AMP Ltd
- Commonwealth Bank of Australia Ltd
Largest detractors were short positions in:
- Challenger Ltd
- Virgin Money UK
- Cimic Ltd
The Fund had 32 long positions and 20 short positions with largest exposure to medical devices & services and technology stocks. There was relatively less exposure in banking and real estate stocks.
Full report: Australian Eagle Trust Long-Short Monthly Report – October 2020
Sean Sequeira CFA
CIO
Australian Eagle Asset Management
sean.sequeira@austeagle.com
M: 0411 155 441
Alan Kwan CFA
Senior Portfolio Manager
Australian Eagle Asset Management
alan.kwan@austeagle.com
M: 0421 412 333