Auscap Global Equity Fund
Auscap Asset Management has launched a global equity fund - the Auscap Global Equity Fund - which invests in a high conviction portfolio of between 25 and 50 stocks.
The fund is managed with a value-based approach and is long biased but can be net long, short or neutral depending on the strategies used by the investment managers. The fund will primarily invest in global equities but can also be invested in other asset classes.
"Auscap will seek to achieve the fund's investment objective by investing the fund's capital in securities it believes will appreciate in value, whilst shorting securities it considers will depreciate in value," the manager says in the fund's information memorandum.