Agora Absolute Return Fund II, the long/short Australia equity-focused strategy run by Melbourne-based Agora Asset Management, gained 15.82% in the first eight months of 2012.
It is an impressive follow-up to the 24.91% return it clocked the previous year.
The fund hit the ground running in January, clocking 11.5% in gain that was dissipated in the months that followed, especially in May when it tracked a loss of 9.24%. Returns bounced back in July and August at 10% and 4.07%, respectively.
The fund maintains a concentrated portfolio of five to 15 listed Australian stocks, and has enjoyed an