KIS ASIA LONG SHORT FUND

Investment Philosophy

We believe financial markets will tend towards equilibrium over the long term; however over the short to medium term, inefficiencies will create mispricing. We seek to identify, react quickly and take advantage of these situations when we identify catalysts to support the closing of this mispricing. We believe Equities as an asset class provides the opportunity to generate alpha on the back of inefficiencies that exist due to the diversity of market participants pursuing differing agendas. In our opinion investors approach their investment decisions with a bias based upon fundamentally incorrect analysis.

Investment Objective

The KIS Asia Long Short Fund is a catalyst focused fund whose objective is to generate absolute returns with low volatility and correlation to other asset classes. Trade selection and portfolio management are based on three distinct principals of: Liquidity, Transparency and Risk Management. KIS Capital looks to build a portfolio of ‘winning’ ideas with an identifiable and imminent catalyst and hedge unwanted market risk.

Performance

AU$1000 INVESTED AT INCEPTION

11.76% annualised return since inception in Oct 2009

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2019 2964 2959 2914 2902
2018 2906 2952 2973 2956 2988 2956 2968 2971 2976 2972 2965 2937
2017 2729 2736 2758 2714 2698 2705 2731 2760 2810 2829 2849 2895
2016 2362 2378 2435 2501 2495 2555 2631 2645 2683 2684 2702 2691
2015 2091 2093 2147 2234 2259 2226 2232 2239 2302 2360 2305 2372
2014 2027 2062 2077 2061 2065 2085 2110 2110 2100 2077 2093 2098
2013 1740 1778 1788 1802 1856 1863 1898 1918 1941 1968 2004 2003
2012 1613 1660 1671 1646 1669 1652 1656 1718 1714 1738 1736 1756
2011 1419 1430 1399 1415 1462 1422 1461 1518 1533 1571 1577 1576
2010 1138 1166 1198 1235 1286 1276 1264 1279 1300 1319 1361 1400
2009 N/R N/R N/R N/R N/R N/R N/R N/R 1000 1045 1095 1114

Note: Amounts are displayed and calculated in AU$

PERFORMANCE METRICS
Cumulative Return (From $1,000 invested since inception) $2,902
Annualized Return (Since inception) 11.76%
1-yr Standard Deviation 2.7%
1-yr Sharpe Ratio -1.2
3-yr Standard Deviation 3.5%
3-yr Sharpe Ratio 1.0
Standard Deviation (Since inception) 5.2%
Sharpe Ratio (Since inception) 1.7
Sortino Ratio (Since inception) 3.3

 

ROLLING RETURNS
Last Month -0.41%
Last 3 Months -2.08%
Last 12 Months -1.84%
2-Year Annualised 3.41%
3-Year Annualised 5.08%

 

KIS ASIA LONG SHORT FUND MONTHLY NET RETURN (SINCE INCEPTION, OCTOBER ‘09)

KIS ASIA LONG SHORT FUND MONTHLY PERFORMANCE (SINCE INCEPTION, OCTOBER ‘09)

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MONTHLY REPORTS

Monthly updates include performance data, trade summaries and strategies deployed.

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UNIT PRICES

The value of our investments, as well as the nature of our trading, should be clear for all to see

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KEY DOCUMENTATION

The KIS Asia Long Short Fund unit trust is available to eligible Australian tax residents only.

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