Sydney-based hedge fund manager Vertex Capital will soon launch a new fund targeting Australia's retail investors for the first time. According to Rebecca Jacques, associate director at Vertex, the new fund will focus on exclusively Australian stocks but unlike existing funds will not use any shorting techniques. Instead, the strategy will employ the use of derivatives and options. Vertex expects to hire a new derivatives specialist to join the team and monitor this approach.
Upon its initial launch the new fund will be limited only to wholesale investors, but Vertex expects to be able to open it to retail investors within six months.
Wholesale sophisticated investors will still be our primary...
