Long Short Fund
Performance net of fees, before tax. Past performance is not indicative of future results.
About the Fund
The QVG Long Short Fund has the flexibility to profit from the rise and fall of all market capitalisation companies on the ASX. Incepted in 2019 and led by Portfolio Manager Josh Clark, the fund has an impressive track record of mid-teen after fee returns with lower-than-market net exposure.
The fund draws on research from the wider team and follows the QVG philosophy and process of identifying businesses with strong or improving competitive advantages, paying fair prices for them and having the patience to let the growth in earnings and free cash flow per share drive shareholder outcomes. The fund can also profit from the decline in companies that have some combination of narrow or shrinking moats, are over-valued and are missing earnings expectations.
Key Features
- 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
- Outperform RBA Cash Rate over rolling 5yr periods
- Stock Holdings (Long)
- 20 – 40 positions
- Stock Holdings (Short)
- 20 – 40 positions
- Target Gross Exposure
- ~150% – 170%
- Target Net Exposure
- 40% – 70%
- Investor Eligibility
- Wholesale / Sophisticated only
- Minimum Investment
- $100,000
- Liquidity
- Daily pricing, applications & redemptions
- Status
- Open to Wholesale Investors
Performance Chart
Growth of $100 since inception (May 13, 2019)
Chart shows hypothetical growth of $100 invested at fund inception. Past performance is not indicative of future results.
Net Performance History
Scroll horizontally to view all months| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | CYTD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -2.60% | — | — | — | — | — | — | — | — | — | — | — | -2.60% |
| 2025 | 2.57% | -3.25% | -5.72% | 0.98% | 7.57% | 1.16% | 6.76% | 4.75% | 0.20% | 2.24% | -4.80% | -2.98% | 8.79% |
| 2024 | 4.25% | 4.56% | 2.54% | -5.04% | 1.70% | 3.86% | 2.88% | -0.07% | 0.61% | 3.19% | 5.37% | -2.91% | 22.42% |
| 2023 | 2.32% | -0.02% | -0.59% | 2.49% | -0.60% | 0.33% | 2.48% | 6.82% | -2.38% | -4.44% | 6.10% | 3.97% | 17.09% |
| 2022 | -8.42% | -6.69% | 8.08% | -3.09% | -9.39% | -2.04% | 5.97% | 0.67% | -2.25% | 3.63% | 0.36% | -3.89% | -17.19% |
| 2021 | 1.53% | 2.04% | 0.09% | 7.31% | 0.34% | 4.75% | -0.62% | 10.28% | -1.24% | 4.77% | 0.11% | 1.42% | 34.66% |
| 2020 | 4.55% | -2.99% | -10.55% | 4.55% | 6.84% | 4.78% | 4.88% | 2.55% | -1.15% | 0.47% | -3.08% | 9.16% | 20.00% |
| 2019 | — | — | — | — | 5.13% | 3.54% | 4.63% | 4.74% | 1.12% | -0.92% | 4.04% | -2.45% | 21.30% |
Ready to Invest?
Join the QVG Portfolio Managers as investors in our funds.
Important Information
Past performance is not indicative of future results. All performance data is net of management fees and expenses. The information provided on this page is for general information purposes only and does not constitute financial advice. Before making any investment decision, you should seek professional financial advice and consider your personal circumstances.
QVG Capital Pty Ltd (AFSL No. 507070, ABN 69 619 271 886) is the investment manager of the funds. An investment in the funds should only be considered by wholesale or sophisticated investors who can afford the loss of their entire investment and who understand the risks involved.