Totus Capital notched a positive month of returns in August after a tough run for the Sydney hedge fund as a rally in gold and some ASX-listed mid-cap stocks helped it to navigate the most volatile earnings season on record.
Run by portfolio manager Ben McGarry, the Totus Alpha Long Short Fund returned 2.2 per cent for the month, comfortably beating the Reserve Bank of Australia’s cash rate index’s 0.3 per cent. Though it still trailed the ASX 300 Accumulation Index’s 3.2 per cent gain.
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