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Opal Market Neutral Fund
The Opal Market Neutral Fund aims to deliver consistent, risk-adjusted, absolute returns, uncorrelated with the broader equity market. Risk management is of utmost importance to our process in order to prevent capital loss.
As a market neutral fund, the success of the Fund is determined by the appropriate selection of securities by Opal. Opal seeks to generate positive returns in all market environments, regardless of whether markets are rising, falling or moving sideways. This significantly differs from traditional ‘long only’ funds, which rely on an underlying rise in the broader equity markets.
In this video, our Chief Investment Officer, Omkar Joshi, provides an introduction to the Fund in regards to our focus and investment approach.
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KEY FEATURES
| Fund Name | Opal Market Neutral Fund |
| Trustee | Perpetual Trust Services Limited |
| Investment Manager | Opal Capital Management |
| Prime Broker and Custodian | Merrill Lynch International |
| Fund Administrator and Unit Registry | Apex Fund Services |
| Fund Auditor | Ernst & Young |
| Investment Strategy | The Fund invests in long and short positions in predominantly Australian listed securities, whilst maintaining a market neutral structure. It is an active, high conviction fund, with a primary focus on bottom-up fundamental stock selection. |
| Investment Objective | The Fund aims to deliver absolute returns for investors in excess of the Fund Benchmark, with minimal correlation to equity markets. |
| Investment Horizon | 3-5 years |
| Investor Eligibility | Wholesale Clients, as defined in the Corporations Act 2001 |
| Fund Benchmark | The Reserve Bank of Australia Cash Rate |
| Minimum Investment | $250,000 |
| Minimum Additional Investment | $100,000 |
| Minimum Redemption | $25,000 |
| Management Fee | 1.89% p.a. (inclusive of GST net of any reduced input tax credits) of the Net Asset Value of the relevant Class or Series before deducting investment management fees, calculated and payable monthly in arrears. |
| Performance Fee | 20.5% (inclusive of GST net of any reduced input tax credits) of the Fund’s Outperformance of the relevant Class or Series above the Fund Benchmark, subject to High Watermark, calculated and payable monthly. |
| Buy/Sell Spread | Nil |
| Entry and Exit Fees | Nil |
| Applications | Monthly on Subscription Day |
| Redemptions | Monthly on Redemption Day, with twenty (20) Business Days’ notice |
| Valuations | Monthly, on the last calendar day of the month |
| Distribution Frequency | Annually as at 30 June. Increased frequency at the discretion of the Trustee. |
| Fund Name | Opal Market Neutral Fund |
| Trustee | Perpetual Trust Services Limited |
| Investment Manager | Opal Capital Management |
| Prime Broker and Custodian | Merrill Lynch International |
| Fund Administrator and Unit Registry | Apex Fund Services |
| Fund Auditor | Ernst & Young |
| Investment Strategy | The Fund invests in long and short positions in predominantly Australian listed securities, whilst maintaining a market neutral structure. It is an active, high conviction fund, with a primary focus on bottom-up fundamental stock selection. |
| Investment Objective | The Fund aims to deliver absolute returns for investors in excess of the Fund Benchmark, with minimal correlation to equity markets. |
| Investment Horizon | 3-5 years |
| Investor Eligibility | Wholesale Clients, as defined in the Corporations Act 2001 |
| Fund Benchmark | The Reserve Bank of Australia Cash Rate |
| Minimum Investment | $250,000 |
| Minimum Additional Investment | $100,000 |
| Minimum Redemption | $25,000 |
| Management Fee | 1.89% p.a. (inclusive of GST net of any reduced input tax credits) of the Net Asset Value of the relevant Class or Series before deducting investment management fees, calculated and payable monthly in arrears. |
| Performance Fee | 20.5% (inclusive of GST net of any reduced input tax credits) of the Fund’s Outperformance of the relevant Class or Series above the Fund Benchmark, subject to High Watermark, calculated and payable monthly. |
| Buy/Sell Spread | Nil |
| Entry and Exit Fees | Nil |
| Applications | Monthly on Subscription Day |
| Redemptions | Monthly on Redemption Day, with twenty (20) Business Days’ notice |
| Valuations | Monthly, on the last calendar day of the month |
| Distribution Frequency | Annually as at 30 June. Increased frequency at the discretion of the Trustee. |
