Firetrail Absolute Return Fund
Pinnacle Investments' new boutique, Firetrail Investments, has launched the Firetrail Absolute Return Fund, a market neutral strategy which aims to minimise correlation to equity market direction.
The fund invests in a combination of long and short positions in equity securities listed, or expected to be listed, on the Australian Securities Exchange (ASX), as well as international markets. Derivatives may also be used.
The fund aims to outperform the RBA Cash Rate over the medium to long term and is managed by James Miller and Patrick Hodgens.
Firetrail has also launched the Firetrail Australian High Conviction Fund.