Castle Point Ranger Fund February Update

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 the month of January the performance of the Ranger Fund was hindered by the performance of Macmahon Holdings, Emco Holdings, Swick Mining Services and Boom Logistics. The Fund benefited from positive performance by Paperlinx, Australian Vintage, Wellcom Group, Tower and Vista Group International.

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