Australian rally pushes K2 up 7.41% for the month


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Maintaining a high level of market exposure – among the highest levels in 10 years – has helped the K2 Australian Absolute Return fund to take full advantage of the market rally in August, gaining 7.41% for the month. With only a couple of short positions and low cash levels, the month’s performance took the year-to-date gains to 28.62%.

Some of the fund’s biggest positions did particularly well in August, explains K2’s Campbell Neal. The Retail Food Group, for example, has been in the fund’s portfolio for a long time and was always considered to be