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Sage Capital’s Absolute Return Fund now accessible via Macquarie Wrap

News
May 26, 2021

The CC Sage Capital Absolute Return Fund (the Fund) managed by specialist Australian equities long short manager, Sage Capital, has been added to investment platform Macquarie Wrap, broadening access to the absolute return strategy.

The Fund, which launched in August 2019, is a market neutral long short strategy where short positions and long positions offset each other, giving investors exposure to Sage Capital’s stock selection skills while eliminating exposure to the underlying equity market. The objective of the Fund is to achieve positive returns in excess of the RBA Cash Rate after fees and expenses over the long term by taking both long and short positions in selected Australian shares. The Fund will typically hold between 100-120 positions.

Managing Director and Chief Investment Officer Sean Fenton said:

“The Fund has performed well over the past year, achieved by applying our broad and style neutral investment process. We categorise the market into eight broad Sage groups and focus on selecting stocks within them. This gives us the flexibility to incorporate rapidly shifting company information into the portfolio without taking large binary style positions. Performance has been driven by strong stock selection within these Sage groups which include Defensives, Domestic Cyclicals, Global Cyclicals, Gold, Growth, REITs, Resources and Yield.”

The Fund has performed well since inception on 20 August 2019 to 30 April 2021, delivering a net return of 11.52% pa* with significantly lower volatility than broader equity indices and no correlation (slightly negative) to equity markets. The Fund aims to deliver consistent positive returns above the RBA Cash Rate, irrespective of equity market movements.

Backed and supported by boutique incubator Channel Capital, Sage Capital was formed in June 2019 and is 100% owned by its investment team. The Fund is open for investment and may be suitable for investors looking for an alternative to traditional asset classes such as equities, bonds or cash, but is still highly liquid.

*Past performance is not indicative of future performance
This information is for professional and wholesale investors only and has been prepared by Sage Capital Pty Ltd ACN 632 839 877 AR No. 001276472 (‘Sage Capital’). Channel Investment Management Limited ACN 163 234 240 AFSL 439007 (‘CIML’) is the responsible entity and issuer of units in the CC Sage Capital Equity Plus Fund ARSN 634 148 913 and the CC Sage Capital Absolute Return Fund ARSN 634 149 287 (collectively ‘the Funds’). Channel Capital Pty Ltd ACN 162 591 568 AR No. 001274413 (‘Channel’) provides investment infrastructure services for Sage Capital and is the holding company of CIML. This information is supplied on the following conditions which are expressly accepted and agreed to by each interested party (‘Recipient’).
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This information contains general financial product advice only and has been prepared without taking into account the objectives, financial situation or needs of any particular person. It is intended solely for wholesale clients (including sophisticated investors) as defined under sections 761G and 761GA of the Corporations Act 2001 (Cth).

The information provided should not be considered personal advice, a recommendation, or an offer to invest in the Funds. Recipients should not rely on this information in making investment decisions. A Recipient should, before making any investment decisions, consider the appropriateness of the information, and seek professional advice.

Neither Sage Capital, Channel, CIML or their representatives and respective employees or officers (collectively, ‘the Beneficiaries’) make any representation or warranty, express or implied, as to accuracy, reliability or completeness of this information or subsequently provided to the Recipient or its advisers by any of the Beneficiaries, including, without limitation, any historical financial information, the estimates and projections and any other financial information derived there from, and nothing contained in this information is, or shall be relied upon, as a promise or representation, whether as to the past or the future. All investments contain risk. Past performance is not a reliable indicator of future performance.

For further information and before investing, please read the Product Disclosure Statement and Target Market Determination which is available from www.channelcapital.com.au
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