Fund managers count the cost of Red October meltdown

Original article by Melissa Yeo
The Australian – Page: 28 : 14-Nov-18

Platinum Investment Management CEO Andrew Clifford notes that October 2018 was the most challenging month for global markets since February 2009. The Australian sharemarket lost 5.4 per cent during October, extending its losses since an August peak to more than 10 per cent. The Platinum Global Fund and Monash Capital’s Absolute Investment Fund posted losses of 5.9 per cent and 5.69 per cent respectively, although hedge fund VGI Partners posted a modest gain of 0.8 per cent.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, PLATINUM INVESTMENT HOLDING PTE LTD, PLATINUM GLOBAL FUND, MONASH CAPITAL PTY LTD, MONASH ABSOLUTE INVESTMENT FUND, VGI PARTNERS PTY LTD, GRYPHON CAPITAL INCOME TRUST – ASX GCI, L1 LONG SHORT FUND LIMITED – ASX LSF, OPHIR ASSET MANAGEMENT PTY LTD, CONTANGO INCOME GENERATOR LIMITED – ASX CIE, K2 GLOBAL EQUITIES FUND, WCM GLOBAL GROWTH LIMITED – ASX WQG, CARSALES.COM LIMITED – ASX CAR, VIVA ENERGY GROUP LIMITED – ASX VEA, THE STAR ENTERTAINMENT GROUP LIMITED – ASX SGR, GWA GROUP LIMITED – ASX GWA, PERPETUAL LIMITED – ASX PPT, VIRTUS HEALTH LIMITED – ASX VRT, AMAZON.COM INCORPORATED, CORPORATE TRAVEL MANAGEMENT LIMITED – ASX CTD, BLOOMBERG LP, MSCI WORLD INDEX

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