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Monthly summary report, December 2013
AHL – a world leader in managed futures accessing around 300 international markets.
1 month
-0.6%
2.2%
0.2%
3 months
5.8%
8.1%
0.6%
12 months
0.2%
27.4%
2.9%
3 years (p.a.)
0.4%
12.1%
3.9%
CARR since
inception*
3.7%
13.3%
4.1%
Total return since
inception*
17.1%
71.6%
18.9%
* Inception date 1 September 2009.
Source: Man Investments Australia.
Man AHL Alpha (AUD)
As at 31 December 2013^
6.0%
4.0%
2.0%
0.0%
-2.0%
Dec 13
Jun 13
Sep 13
Mar 13
Dec 12
Jun 12
Sep 12
Mar 12
Dec 11
-6.0%
Jun 11
-4.0%
Sep 11
Agriculturals and metals had a flat month. Short positioning in
canola and wheat proved beneficial. Bearish action in precious
metals continued with gold prices dropping more than 29% on
the year, being one of the largest overall positive contribution
for the year.
UBSA Bank
Bill Index
Mar 11
Notable losses were incurred in bonds and interest rates
sectors. Five year treasuries were most affected with yields
climbing sharply for the first time in three months. Small long
positions were reduced significantly through the month to end
almost flat.
MSCI World
(TR) Index
Dec 10
Credit contribution was also strong with positive economic
news and messages from the Fed encouraging a further
significant tightening in spreads.
Man AHL
Alpha (AUD)
Jun 10
Within currencies, there was a strong continuation of trend
with the euro appreciating 25% year to date against the JPY.
Short positions in BRL added significantly as the currency saw
further weakness despite overnight rates being raised.
Returns
Sep 10
Markets traded nervously towards the last FOMC meeting
believing it would signal the start of QE tapering. Leading up
to the meeting, stocks sold off on weaker news in Europe,
and the S&P 500 retreated from recent new highs.
As at 31 December 2013^
Mar 10
Against the backdrop of the beginning of the end of QE,
December proved to be slightly volatile with gains in
stocks, currencies and credit offset by losses in bonds
and interest rates.
Performance summary
Dec 09
Man AHL Alpha (AUD) retraced -0.6% for the month.
Sep 09
December performance summary
Source: Man Investments Australia.
Sector allocations
As at 31 December 2013^
8
7
How to invest
Toll free (Australia) 1800 222 355
Toll
free (New Zealand) 0800 878 220
(
(61-2) 8259 9999
8
2
www.maninvestments.com.au/manahlalpha
email [email protected]
Fax (61-2) 9252 4453
Toll free (Australia) 1800 787 220
Toll free (New Zealand) 0800 787 220
6
1
5
4
3
1 Stocks
39.9%
2 Energies
11.1%
3 Currencies
9.9%
4 Agriculturals
9.5%
5 Metals
9.0%
6 Bonds
8.7%
7 Credit
8.7%
8 Interest rates
3.2%
2
Source: Man Investments.
^P
ast performance is not a reliable indicator of future performance. Performance figures are calculated net of all fees as at 31 December 2013 and
assuming all distributions are reinvested.
Investment in Man AHL Alpha (AUD) (the ‘Fund’) is offered by Man Investments Australia Limited ABN 47 002 747 480 AFSL 240581 (‘MIA’).
MIA is the Responsible Entity and issuer of Units in the Fund and publisher of this document. Offers of Units will be made in the PDS issued by
MIA dated 8 May 2013 which is available on www.maninvestments.com.au/manahlalpha or by calling 1800 222 355 (Australia) or 0800 878 220
(New Zealand). Investors wishing to acquire Units will need to complete the Application Form attached to the PDS.
The offer of Units in New Zealand is made pursuant to and in accordance with Part 5 of the Securities Act 1978 and the Securities (Mutual Recognition
of Securities Offerings – Australia) Regulations 2008 (New Zealand). Investors receiving the PDS in New Zealand should read the ‘New Zealand
Shareholders: Warning Statement’ in Section 11 of the PDS.
The information contained and used in this document is general information only and it has been prepared without taking into account anyone’s
objectives, financial situation or needs so before acting on it, consider its appropriateness to your circumstances. Persons considering investing
in the Units should carefully read all of the PDS and speak to their financial advisor before making an investment decision. Please also refer to the
Identification Requirements document. US Persons are not eligible to subscribe for Units pursuant to the PDS. Terms capitalised and used in this
document have the same meaning as in the PDS.
Man Investments Australia Limited
Level 21 Grosvenor Place, 225 George Street, Sydney NSW 2000 Australia