19 August 2013
Bennelong Long Short Equity Management (BLSEM), Bennelong’s market neutral asset manager, is nominated for the 2013 Australian Hedge Fund Awards in the ‘Best Market Neutral Fund’ category.
BLSEM has been managing the Bennelong Long Short Equity Fund for over 12 years, after the team was founded as a joint venture between Bennelong Funds Management and BLSEM Director Richard Fish in 2001. Employing a qualitative stock selection process to construct a diversified portfolio of paired securities based on relative value, BLSEM invests primarily in the S&P/ASX 100. The strategy has a succesful performance history and features nil correlation with the underlying market, returning 19.67% since inception in February 2002*.
For four consecutive years since 2009, BLSEM has been a finalist in the prestigious hedge funds industry awards, after winning the Best Market Neutral Fund Award in 2008. The 2013 award winners will be announced at the Hedge Funds Rock event on Thursday 12 September in Sydney.
* Performance compound p.a. as at 31 July 2013