Naos’ small-cap fund gains 8.6% in October


Strong gains in the Australian small cap market has helped the Naos Emerging Long Short Equity Fund, formerly known as Naos Small Companies Fund, to gain 8.6% last month, taking its year-to-date returns to 33.06%.The fund has a long-bias strategy focused on small to mid-cap Australian stocks.

October was an excellent month for several of the portfolio’s stock holdings, due to a range of catalysts that include important contract agreements, production updates and strong resource demand, according to fund manager Sebastian Evans. Investments in a nanotechnology and a gold exploration company performed particularly well, he added.

The outlook