Nanuk Global Alpha Fund Monthly Report – August 2014

Hello,

The Fund reported a profit of 0.5% in August which has resulted in a 1-year rolling return of 16.4% and a 2-year rolling return of 13.9% p.a.

The long book contributed positively and the short book was flat, which was pleasing in a month where most global indices were up.

A couple of questions to stimulate your next dinner party conversation:

1. How many nuclear power stations would it take to provide equivalent power to that of China’s solar generating capacity installation target for this year alone?
2. How many square kilometres would need to be covered with solar panels to meet this year’s target?

The answers can be found in the attached report.

On a more serious note, the Fund remains close to market neutral at the end of August, and we have increased the number of stocks in the portfolio after welcoming Tristan Patience as a portfolio manager.

If you require any further information regarding Nanuk, please don’t hesitate to contact me.

Thanks and regards,

Melanie De Cressac
Business Manager
E:  [email protected]
W: www.nanukasset.com