AXA Rosenberg has launched a global equities fund with a 30 per cent shorting capability and a seed investment of $250 million.
“The fund has been seeded by a very large superannuation fund,” Nicholas Smith, AXA Rosenberg managing director Australia/New Zealand, said. He said the fund had been launched in response to investor demand for a 130/30 long/short type fund. “We’ve seen very strong demand for people looking for MSCI World-type returns with limited exposure to shorting. This fund allows them to do that,” Smith said. Equity Trustees is the responsible entity for the fund. AXA Rosenberg manages $5 billion in funds under management in Australia and $USD 100 billion worldwide. Smith said the new fund offers investors more exposure to the MSCI per dollar of investment than a traditional portfolio. The fund can be invested in as many as 450 stocks.
22 August 2006 00:00
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Investments
Ryan Riedler, head of ASX core strategy, Australian equities at Cbus, says the fund will look to generate alpha locally through engagement and that internalisation will help it strengthen its connection with other market participants, as well as its brokers and service providers.
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