Bahamas-based Magnum BGM Select Opportunities Fund (CSOF) outperformed all its benchmarks by a "considerable margin" in August 2012 by maintaining the portfolio it has built for several years.

In its monthly report to investors, Greg Bortz said that the fund returned +3.07% in August (Class A) and +17.76% YTD, against the S&P 500 which gained +1.98% (+11.