Vertex launches long-biased fund

Australian hedge fund targets private investors for the first time with a product that provides more market upside.

Australian hedge fund Vertex Capital has launched its second absolute return fund, the Vertex Premium Equity Fund.

The new Australia-focused fund is long biased, holding long positions on 30 stocks and short positions on five.

The fund will employ derivative instruments to manage beta risk and protect the fund from falling markets, as well as to generate alpha, or uncorrelated income streams. The fund's exposure to the market will be varied between zero and 70%.

This is the first time a portfolio in Asia is using equities and derivatives in this way, says Rebecca Jacques, Vertex's head of operations.

...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222