The Salus Alpha RN Special Situations fund delivered positive returns during the month of January generating +1.90% in returns and outperforming major peers by a positive margin of 1.35% on average during the month.
The strong start ranked Salus Alpha RN Special Situation fund 2nd out of 19 listed in the Exane Report "Absolute Return UCITS Fund Performances – February 2014" under Event Driven UCITS.
Salus Alpha Capital CEO and CIO Oliver Prock commented, "Our fund seems to repeat the January stint in February and in the coming months because our approach is unique and able to generate positive returns in all environments, since it combines an opportunistic core portfolio of selected, fundamentally attractively valued top companies with positions in short / medium - termed special situations. The fund also targets to achieve an absolute return independent of the development of the overall equity market."
The Salus Alpha RN Special Situations fund also enjoyed positive performance in 2013 contrary to most UCITS and was able to successfully withstand the major corrections in the equity markets taking advantage of volatility resulted from weak fundamentals across the globe.
Market sentiment weakened further towards the end of January, as the Federal Reserve announced another round of tapering which raised concerns regarding the health of the ......................