The Salus Alpha Event Driven had a performance of +1.51% for the month to date, outperforming the S&P 500 Index by +2.02%. The 24 month rolling alpha of Salus Alpha Event Driven to the S&P500 is 3% p.a., the 24 month rolling beta is currently 0.0. This implies that in the past 24 months, the fund had a return of 3% due to active management (alpha).
The Salus Alpha Real Estate had a performance of -1.11% for the month to date, outperforming the EPRA / NAREIT Index by +3.49%. Salus Alpha Real Estate is a single manager single strategy fund, which invests according to Salus Alpha’s proprietary Global Real Estate Model. The Salus Alpha Real Estate outperformed the EPRA/NAREIT Real Estate Index by 3.49% and the GPR 250 Europe Index by 0.39% during the month of November. The fund currently has an exposure of 100% to the Real Estate markets.
Salus Alpha Real Estate has been awarded a 5 Star Rating by www.fondsprofessionell.de for its exceptional performance since inception on 21 January 2008. The fund outperformed the EPRA/NAREIT Real Estate Index by +25.38% in this timespan.
The Salus Alpha Directional Markets had a performance of -1.62% for the month to date.
The Salus Alpha Equity Hedged had a performance of +1.36% for the year to date until 11/30/2011, outperforming the S&P 500 Index by +2.21%. The Salus Alpha Equity Hedged currently has a 14% exposure to Long Bias, 34% to Market Neutral, 22% to Long Short Variable Bias, and 30% to Short Bias.
The Salus Alpha Commodity Arbitrage had a performance of +2.35% for the year to date until 11/30/2011, outperforming the S&P 500 Index by +3.20%. Salus Alpha Commodity Arbitrage tracks the CAX – Commodity Arbitrage Index. The CAX Index covers the performance of arbitrage strategies, which aim to extract consistent market neutral returns from valuation inefficiencies arising among related commodities – like for example Brent Crude vs. WTI Light Sweet Crude – or among different maturities of futures contracts on one commodity due to Contango, Backwardation and Seasonality.
The Salus Alpha Multi Style had a performance of -6.62% for the month to date.
The Salus Alpha RN Special Situations had a performance of -7.17% for the month to date.
The Salus Alpha Managed Futures had a performance of -12.26% for the month to date.