The Fund takes both long positions and short positions in selected Australian shares.

The Fund aims to achieve positive returns in excess of the Fund Benchmark, after fees and expenses, over the long term.

Benefits of investing in the CC Sage Capital Absolute Return Fund

The Fund is an actively managed portfolio of Australian equities investing in long and short positions. The Fund provides the following benefits:

• Access to an investment strategy that would ordinarily be difficult for individual investors to employ;
• The potential for enhanced returns through the use of short-selling techniques;
• Diversification through a broader set of investment opportunities;
• Potentially lower correlation to equity markets by holding both long and short positions;
• Daily pricing with the option to liquidate your investment at any time;
• Investment Manager expertise - the proven expertise of the Sage Capital investment team that has extensive experience in managing long/short portfolios.

About the Fund

The CC Sage Capital Absolute Return Fund is an Australian equity market neutral or absolute return long short strategy where short positions and long positions offset each other, giving investors exposure to Sage Capital’s stock selection skills while aiming to eliminate exposure to the underlying equity market. 

The Fund uniquely blends fundamental and quantitative strategies to develop opportunities to generate returns. This strategy generates concentrated and uncorrelated returns from fundamental investing, improving on returns derived from the breadth of the quantitative process.

How we invest your money

The assets of the Fund will generally be invested in accordance with the following guidelines:

• The Fund aims to take long and short positions in securities that are listed on the ASX, or expected to be listed within a 90 day period;
• Long position exposure: Between 0% and 200% of its NAV;
• Short position exposure: Between 0% and 200% of its NAV;
• Effective equities exposure (Net): Between -15% and 15% of its NAV;
• Absolute weight exposure: 10% at the time of initial transaction and up to 12% after allowing for market price movements after the initial transaction;
• The Fund will use prime broking arrangements to leverage gross exposure up to 400% of NAV; and
• The Fund is permitted to use derivatives. Derivatives are used for hedging purposes only rather than to leverage the Fund. All derivatives used will be exchange traded and covered by cash, physical securities or a combination of both. Futures may be used to maintain market exposure when cash is held in the Fund.