CC Sage Capital Absolute Return Fund
New boutique Sage Capital has launched an absolute return fund, called the CC Sage Capital Absolute Return Fund.
The Australian equities fund aims to outperform the RBA cash rate by taking both long and short positions. The fund managers seek to identify companies that will deliver superior earnings outcomes on an attractive risk/reward basis. The investment process also identifies poorly performing companies, which provide shorting opportunities under the long/short structure.
"Long/short strategies have gained in popularity over the years as Australian investors have become more comfortable with strategies that involve short selling," Sage Capital founder Sean Fenton said when launching the boutique.
Sage Capital is backed and supported by institutional-focused boutique incubator Channel Capital.
The fund has a minimum investment of $100,000.
Q&A with Sean Fenton on the launch of Sage Capital
After having worked for some of the biggest names in investment management, Sean Fenton has set up his own funds management company - Sage Capital. He explains to Industry Moves why he finds the lure of extra returns from the short side compelling (both Sage Capital's first two funds are long/short funds). He also tells us how his father's decision to set up a self managed superannuation fund before it was 'trendy' might be behind Sean's lifelong interest in investing.