News and Announcements
Castle Point Ranger Fund Update- June 2015
- Published June 09, 2015 11:15AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
The Ranger Fund monthly Fact Sheet is now available.
The Ranger Fund is a high conviction portfolio of New Zealand and Australian listed companies. The Fund’s objective is to provide equity-like returns over the long run while minimising exposure to extreme share market fluctuations. During periods of market stress, the fund will seek to preserve capital by preserve capital by holding significant amounts of cash and bonds, shorting individual shares, selling index futures contracts and/or buying index put options. The Fund will not be levered or net short.
Performance Commentary:
During May the Ranger Fund benefited from the positive performance of Boom Logistics, Corporate Travel Management, Macmahon Holdings, Wellcom Group and Contact Energy. The Fund was negatively impacted by the performance by Swick Mining Services and Australian Vintage. During the month the Fund added a position in Contact Energy and increased its position in Australian Vintage.
To read the full story, please click the button below.