Sydney-based RTM Absolute Return fund returned +0.17% for October, +4.40% YTD, and 31.43% since its October 2005 inception.
The fund manager commented: “Major contributors to the month’s performance were attributed to short positions in the AUD and short positions in the US equity indices. For the major part of the month, the fund maintained a small position in equities as volatility created an extremely difficult trading environment. By month end we began to increase our holdings in equity as the market approached important technical levels and attractive valuations.......................
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