Tribeca Alpha Plus Fund - Class C
About this Fund
Fund Detail
PDS | https://informedinvestor.com.au/view/pds/101217-2022-07-21-02:50.pdf |
FUND MANAGER | Tribeca Investment Partners |
ASX Code | |
APIR | ETL0200AU |
ASSET CLASS | ALTERNATIVES |
INVESTMENT STYLE | The Fund takes both Long Positions and Short Positions in selected Australian shares. |
INVESTMENT PROFILE | The Fund aims to achieve positive returns in excess of the Benchmark, before fees and expenses, over the long term. |
CURRENCY MANAGEMENT | Active management |
INCEPTION DATE | 18-09-2006 |
BENCHMARK | S&P/ASX 200 Accumulation Index |
FUND SIZE | S&P/ASX 200 Accumulation Index |
DISTRIBUTION FREQUENCY | Half-yearly |
NO. OF HOLDINGS | 60-70 long positions and 30-40 short positions |
FEES | 0.97% (inclusive of the net impact of GST and RITC) p.a. of the NAV of the Fund |
STRUCTURE |
Benefits
Benefits | Benefits of investing in the Tribeca Alpha Plus Fund - Class CBenefits of a Long/Short investment style The Australian share market is small by global standards and is dominated by a small number of very large companies. When using a benchmark for constructing an investment portfolio, such as the S&P/ASX 200 Accumulation Index, the performance of a traditional fund which only takes Long Positions will be determined by the size of the fund's shareholding of these very large companies relative to that company's weighting within the benchmark. By contrast, the Fund is also able to take Short Positions in securities by borrowing securities from other holders and selling on market, and reinvesting the proceeds in other Long Positions. This provides the Fund with a larger set of investment opportunities and gives more opportunity to outperform the Fund Benchmark. The Fund is potentially able to achieve higher levels of divergence in the performance of the portfolio relative to the performance of the Fund Benchmark than can be achieved for funds which only take Long Positions. However, short selling of securities does carry additional risk. For more information refer to the Managing risk' section of the PDS. Risk levelHigh Investor suitabilityLong-term investors seeking an Australian equity Long/Short investment strategy with a high level of risk. |
RISK LEVEL | |
INVESTOR SUITABILITY |
Risks
Title | |
Detail |
Key Features
About the FundThe Tribeca Alpha Plus Fund - Class A Units is a long/short equity strategy that enables investors to benefit from rising and falling markets by taking long or short positions to profit from positive or negative share price movements. In managing the Fund, Tribeca doesn't just look for the good news stories like traditional Australian equity managers - it can take advantage of negative views of stocks and sectors, as well as weaker fundamentals. The Fund focuses on short selling a range of stocks with weak investment characteristics and reinvesting the proceeds in long positions in preferred stocks. This combination of long and short positions provides Tribeca with a large degree of flexibility and enables more active decision making. Tribeca's investment approach uniquely blends fundamental and quantitative strategies that aim to identify investment opportunities and generate returns above the benchmark. The benefits of this approach are the significant amounts of company detail that can be unearthed and used to generate insights into its future prospects and likely investment returns. The Fund has an alpha target of 5-6%, a common target for concentrated funds; what makes this Fund different is its diversified portfolio. The Fund holds, on average 60-70 long positions and 30-40 short positions. |
Mandate
How we invest your moneyThe assets of the Fund will generally be invested in accordance with the following guidelines:
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