How It Works

The WaveStone Absolute Return Fund (the Fund is an Australian equity long/short fund. The Fund’s aim is to provide capital growth over the long term. WaveStone believe that share prices, over time, typically reflect the growth in the level of a company’s earnings.  In the short term, the market may misprice a company’s underlying medium to long-term earnings potential.  WaveStone identify higher growth companies where the market is generally not paying for that expectation.  WaveStone is an active, research-focused investment manager and its investment approach is to:

The WaveStone Absolute Return Fund has the ability to:

  • Hold between 25 and 50 stocks of securities listed on the Australian and New Zealand stock exchanges
  • Vary its exposure to the stockmarket – operates between net 0% to 100% exposure (long positions less short positions)
  • Short sell up to 10 listed securities
  • Hold cash and futures
  • Gear the fund by borrowing cash to invest in securities
  • Use derivatives to potentially deliver less risk.

Please read the full Information Memorandum (How to Apply TAB) for further information.