Acadian Australian Equity Long Short Fund - Class A
The Fund seeks to maximise risk-adjusted, long-term returns by investing in undervalued stocks and short selling overvalued stocks. (For Wholesale Investors Only)
The Acadian Australian Equity Long Short Fund aims to deliver superior long-term returns by investing in undervalued Australian stocks while simultaneously shorting overvalued ones.
Leveraging a disciplined, quantitative approach, the fund seeks to exploit market inefficiencies and generate consistent returns across various market conditions. By targeting a 130% long and 30% short exposure across a diverse universe of Australian stocks, the fund strives to outperform the S&P/ASX 300 Accumulation Index over rolling four-year periods.
With a focus on risk management and a competitive fee structure of 0.76% per annum, the fund offers investors an opportunity to participate in the Australian equity market with a differentiated investment strategy.
Objective
To maximise risk-adjusted, long-term returns by investing in undervalued stocks and short selling overvalued stocks listed on the Australian Securities Exchange while carefully controlling portfolio risk and transaction costs. The fund aims to outperform the S&P/ASX 300 Accumulation Index over rolling four-year periods before fees and taxes.
Strategy
The fund’s investment strategy is based on the belief that markets are inefficient, creating price anomalies that can be exploited by a disciplined, objective investment process. Acadian Australia’s investment approach employs structured stock and peer group valuation models, which are designed to capture a broad range of relevant characteristics such as quality, value, earnings growth and price-related factors. This aims to systematically unearth securities with unrecognised value, as well as improving earnings prospects to help unlock that value. Stocks that Acadian Australia believes are undervalued will be purchased, and overvalued stocks will be selectively short sold.
The fund will target a gross long exposure of 130% and a gross short exposure of 30% (130/30).
Investment Universe
1000+ Australian stocks (includes ex-index stocks to maximise the opportunity set).
Return Forecast
Daily analysis at stock-specific, peer group, and macro level results in objective risk and return forecast.
Portfolio Construction & Trading
Forecasts enter proprietary portfolio optimisation system, weighing expected return against risk, liquidity, T-costs, real-world frictions.
- A long short strategy may be suitable for investors who want exposure to the Australian share market and are prepared to accept a higher level of risk to achieve higher relative returns over the long term.
- Long short strategies have the potential to deliver enhanced returns in many different market environments.
- Long-only strategies seek to invest in attractive, undervalued companies but ignore unattractive, overpriced companies. Long short funds can profit from both, significantly expanding the number of potential investment opportunities.
- Short-selling involves borrowing and selling shares you believe will decrease in value, with the intention of buying them back when the price falls.
- A systematic approach is well-suited to long short investing because systematic managers cover a broader number of companies and integrate risk controls into portfolio construction processes to maximise alpha and control risk.
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Acadian LLC is a Boston based investment adviser registered with the United States Securities and Exchange Commission. Acadian LLC has four wholly-owned investment advisory affiliates. Acadian Asset Management (Singapore) Pte Ltd is located in Singapore and is registered with the Monetary Authority of Singapore. Acadian Asset Management (Japan) is located in Tokyo and is registered with the Kanto Local Financial Bureau. Acadian Asset Management (UK) Limited is located in London and is authorised and regulated by the Financial Conduct Authority. Acadian Asset Management (Australia) Limited is located in Sydney and is the holder of Australian financial services license number (AFSL) 291872. All Acadian entities specialise in active equity strategies.
Acadian LLC evolved from a non-US all-cap equity manager to a global manager with the launch of Acadian LLC’s global strategy in 1992. In 2002, Acadian LLC began to apply its stock selection process to attempt to find the poorest performing companies as well as the strongest, opening the doors for Acadian’s long/short strategies. In 2006, based on research showing that a portfolio of low-risk stocks has the potential to offer market-like returns at lower risk than the overall equity market, Acadian launched its managed volatility strategy. Acadian’s commitment to research, the flexibility of its process and the collaborative nature of its client relationships suggests that Acadian’s suite of strategies will have the potential to continue to grow and evolve in an effort to meet the needs of its clients.
For further information go to Acadian’s website www.acadian-asset.com
Katrina joined Acadian Asset Management (Australia) Limited in 2009 and is a Portfolio Manager, focusing on Australian equity strategies.
Prior to joining Acadian, Katrina was a senior quantitative analyst at ING. Previous to that, she held various quantitative roles at IFS Equities, BT Funds Management, Country Investment Management, and Mercantile Mutual Investment Management.
Katrina holds a Graduate Diploma in applied finance and investments from Securities Institute of Australia and a Bachelor’s in mathematics and finance (Hons) from University of Technology, Sydney. Katrina is a CFA charterholder.
Zhe joined Acadian Asset Management (Australia) Limited in 2017 and is a Portfolio Manager, focusing on Australian equity strategies.
Prior to joining Acadian, Zhe was an analyst on the quantitative research team at Macquarie Securities.
Zhe holds a Ph.D. in empirical finance from Macquarie University, a Bachelor of Engineering in bioinformatics with First Class Honours and the University Medal from the University of New South Wales, and a Bachelor of Commerce in finance from the University of New South Wales. Zhe is a CFA charterholder.
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The issuer of this product is identified at the top of this page. The PDS and target market determination for the product are available in the Documents section of this listing. Prospective investors should consider the PDS before deciding to acquire the product. This product listing was vetted by and approved by the product issuer identified above before publishing. Investment Markets (Aust) Pty Ltd AFSL 527875 (IM) is not the issuer of the product.
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