The Fund invests in a portfolio of high-quality global businesses, well-positioned in attractive markets, while they remain undervalued (the Long Portfolio). The Fund also seeks to profit by short selling the securities of businesses which are deteriorating, misperceived and overvalued (the Short Portfolio).
Typically, the Fund seeks to hold 15 to 30 long positions and partially offsets these with 10 to 40 short positions. From time to time, the Fund may employ tools to manage downside risk, including the purchase of exchange traded derivatives, including listed put options, and exchange traded funds.
We have launched on the ASX on June 24, 2020.