Investment Objective
The fund seeks to offer an attractive return on capital by investing primarily, but not limited to, Developed Markets countries' equities, principally, but not exclusively, in the United States of America and European countries, such as, the United Kingdom and Germany. Additionally, the fund may invest up to 20% of its Net Asset Value in Emerging Markets. Typically, the equities which the fund will gain (long or short) exposure to will be in liquid Developed Markets equities and will be selected based upon projected capital returns over the medium to longer term and will be selected based upon prevailing credit ratings within the Developed Markets and yields attributable to such equities.
Latest Meeting Note
Initial meeting 21 Jul 2016
We had an initial meeting with Jeff Lignelli, manager of Incline Global's US focussed equity long short strategy. The fund is return seeking in nature with the manager concentrating on generating returns through high conviction stock pic...
We had an initial meeting with Jeff Lignelli, manager of Incline Global's US focussed equity long short strategy. The fund is return seeking in nature with the manager concentrating on generating returns through high conviction stock picking. Longs are generally taken in companies with favourable tailwinds and exhibiting strong levels of growth (GARP approach). Short positions are taken in sectors and/or companies facing headwinds to provide the opportunity to position the Portfolio defensively and benefit from certain events. As one would expect for a relatively aggressive strategy returns have been fairly volatile, including in the UCITS period. However the long term strategy track record is good and it is encouraging to see another return-seeking manager entering the UCITS space.
Performance
| JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 0.1 | 0.0 | 0.6 | 0.6 | 0.3 | 0.2 | 0.4 | 0.3 | 0.5 | 0.3 | 0.1 | 0.0 | 0.1 | |
| 2022 | 0.5 | 0.6 | 0.2 | 0.7 | 0.8 | 0.5 | 0.6 | 0.6 | 0.4 | 0.0 | 0.5 | 0.6 | 0.0 |
