Tribeca Alpha Plus Fund
A long short equity strategy that enables investors to benefit from rising and falling markets, which aims to provide returns that beat the benchmark whatever the market conditions.
Fund Overview
Long short equity strategies are designed to achieve equity like returns with less volatility than the equity market, by profiting from stocks that are going up as well as those that are going down. Tribeca’s investment approach is actively managed and allows for enhanced return potential and better risk control. The Fund offers investors core exposure to the ASX, is style agnostic and provides broad-based industry exposure.
The investment team can look beyond the good news stories that are the purview of traditional long only Australian equity managers – it can take advantage of negative views of stocks and sectors, as well as weaker fundamentals. The outcome means the team can short sell stocks with weak investment characteristics and reinvest the proceeds in long positions in preferred stocks. This combination of long and short positions provides Tribeca with a large degree of flexibility and enables more active decision making.
The investment approach uniquely blends fundamental and quantitative strategies that aim to identify investment opportunities and generate returns above the benchmark. The benefits of this approach are the significant amounts of company detail that can be unearthed and used to generate insights into its future prospects and likely investment returns.
The Fund has an alpha target of 5-6%, a common target for concentrated funds; what makes this Fund different is its diversified portfolio. The Fund holds, on average, 60-70 long positions and 30-40 short positions.
Entry and exit prices are available here.
QUICKLINKS
FUND FACTS
- APIRETL0069AU
- Inception date18 September 2006
- DistributionsHalf-yearly
- Fund size at 30.11.2023$211.08 M
HOW TO INVEST
Investment can be made using the Fund’s PDS or through key platforms, including:
- Asgard
- AUSMAQ
- BT Panorama
- HUB24
- IOOF
- Macquarie Wrap
- Mason Stevens
- Netwealth
- uXchange
- Wealthtrac
AWARDS & MEMBERSHIPS
TERMS & CONDITIONS
BY CLICKING ON ‘I AGREE’, I DECLARE I AM A FINANCIAL SERVICES LICENSEE AS DEFINED IN THE CORPORATION ACT 2001.
What is a financial services licensee? A person or entity is a financial services licensee if they hold an Australian financial services licence issued pursuant to the Corporations Act 2001.
Portfolio Value of $10,000 Invested
Tribeca Alpha Plus Fund – Class A Performance
| As at 30 November 2023 |
Month % | 3 Months % | 1 Year % | 3 Years % p.a. | 5 Years % p.a. | 7 Years % p.a. | 10 Years % p.a. | Since Inception1 % p.a. |
|---|---|---|---|---|---|---|---|---|
| Fund2 | 4.22 | (2.43) | (1.00) | 8.87 | 11.53 | 9.06 | 10.41 | 8.98 |
| Benchmark3 | 5.03 | (1.80) | 1.45 | 7.15 | 8.72 | 8.09 | 7.26 | 6.39 |
| Over / (Under) | (0.81) | (0.63) | (2.45) | 1.72 | 2.81 | 0.97 | 3.15 | 2.59 |
Tribeca Alpha Plus Fund – Class A Performance Components
| As at 30 November 2023 |
Month % | 3 Months % | 1 Year % | 3 Years % p.a. | 5 Years % p.a. | 7 Years % p.a. | 10 Years % p.a. | Since Inception1 % p.a. |
|---|---|---|---|---|---|---|---|---|
| Distribution4 | 0.00 | 0.00 | 5.76 | 6.74 | 5.93 | 8.17 | 7.82 | 7.35 |
| Growth | 4.22 | (2.43) | (6.76) | 2.13 | 5.60 | 0.89 | 2.59 | 1.63 |
| Total | 4.22 | (2.43) | (1.00) | 8.87 | 11.53 | 9.06 | 10.41 | 8.98 |
1 18 September 2006
2 Fund returns are calculated net of management fees and assuming all distributions are reinvested
3 S&P/ASX-200 Accumulation Index
Past performance is not a reliable indicator of future performance.
IMPORTANT INFORMATION
This material has been provided for general information purposes only and must not be construed as investment advice. This material has been prepared without taking account of the objectives, financial situation or needs of individuals. Before making an investment decision in relation to a Fund, investors should consider the appropriateness of this information, having regard to their own objectives, financial situation and needs, and read and consider the product disclosure statement (PDS) for the Fund prior to making any investment decision. The PDS is available on this website or by calling (02) 9324 4356.
Past performance information provided on this website is given for illustrative purposes only and should not be relied upon as (and is not) an indication of future performance. Investing involves risk including loss of capital invested. None of Equity Trustees Limited the responsible entity of the Fund and GSFM Pty Limited, the distributor of the Fund, their related bodies or associates nor any other person guarantees the repayment of capital or the performance of the Fund or any particular returns from the Fund. Please click on this link to read the disclaimers in full.
Investment Team
Jun Bei Liu
Lead Portfolio Manager
FUND AT A GLANCE
- A blended fundamental and quantitative investment process
- Target allocation of 150% long, 50% short (with maximum 50% short exposure)
- Short positions are reinvested into preferred stocks to maintain market exposure
- Shorting creates opportunities for diversification without high concentration risk
- The Fund is not reliant on market timing and can perform in any market cycle or through any style shift
- One of the longest running equity long short funds in Australia, with FUM of over $1B
Read | Watch | Listen
Jun Bei Liu on her high conviction investment strategy | SOHN, Tribeca Investment Partners
