The Fund returned +1.45% net of fees in March 2021.
The portfolio’s largest positive contributions for the month came from a short position in A2 Milk and long positions in Pushpay Holdings Ltd and Macquarie Group.
The largest detractors were long positions in:
- Fortescue Metals Group Ltd
- AMP Ltd, and
- Nearmap Ltd.
The Fund had 31 long positions and 19 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 (pdf): Australian Eagle Trust Long-Short Monthly Report – March 2021
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