FOR WHOLESALE INVESTORS ONLY
Portfolio Performance
Portfolio Overview
The Fund returned -3.53% net of fees in September 2020. The portfolio’s largest positive contributions for the month came from short positions in Virgin Money UK, Unibail-Rodamco-Westfield and Cimic Ltd while largest detractors were long positions in QBE Insurance Group Ltd, Commonwealth Bank Australia Ltd and Nearmap Ltd. The Fund had 32 long positions and 22 short positions with largest exposure to medical devices & services and technology stocks. There was relatively less exposure in banking and real estate stocks.
Australian Eagle Trust Long Short Fund – Net Monthly Returns
Fund Objective
The Fund aims to provide capital growth over the longer term through a leveraged investment in Australian securities. Commensurate with this, the objective of the Fund is to outperform the S&P/ASX 100 Accumulation Index over a period of 5 years.
Sean Sequeira CFA
CIO
Australian Eagle Asset Management
Tel: (02) 8252 7563
sean.sequeira@austeagle.com
https://austeagle.com/