LEARN ABOUT

The QVG
Long Short Fund

QVG Long Short Fund

We are launching the QVG Long Short Fund. The fund benefits from a flexible ‘all-cap’ mandate and can profit from share price falls and gains.

The Long Short Fund allows us to invest in areas not previously available with a ‘long only’ small cap fund. Firstly, in an increasingly global economy and with technology removing barriers to competition, the top 100 is no longer the exclusive domain of mature business models. We are now seeing globally relevant growth juggernauts with membership in the top 100, some with a substantial runway to deliver further shareholder return. Conversely, we also believe there is an abundance of opportunity on the ASX to capture incremental returns by ‘selling short’ businesses with declining value. We continue to ply our trade with the same philosophy and process that has withstood the test of time and discipline with respect to liquidity and capacity management.

Our goal is to deliver strong absolute returns to our investors while remaining aware of the risks inherent in the space in which we invest. We believe our alignment and incentives – via our personal investment in the fund, and the fee structure – are consistent with this goal.

We hug our kids, not the market. This is a high conviction stock picking fund; as such returns will be lumpy.

Key Features of the Fund

FUND NAME QVG Long Short Fund
INVESTMENT MANAGER  QVG Long Short Company Pty Ltd
PORTFOLIO MANAGERS  Josh Clark (Lead), Tony Waters & Chris Prunty
INVESTMENT STYLE All-cap absolute return strategy
RETURN OBJECTIVE To deliver strong absolute returns above the RBA Cash Rate over rolling 5 yr period
STOCK HOLDINGS (LONG)  20 – 40
STOCK HOLDINGS (SHORT)  10 – 30
TYPICAL GROSS EXPOSURE  100% – 300%
TYPICAL NET EXPOSURE  0% – 100%
INVESTMENT UNIVERSE  ASX-Listed Companies
INVESTOR ELIGIBILITY  Wholesale or ‘sophisticated’ investors only
MINIMUM INVESTMENT  $100,000 (unless otherwise agreed)
BENCHMARK  RBA Cash Rate
LIQUIDITY  Daily Unit Pricing, Applications and Redemptions

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