Joseph Sitch

Victor Smorgon Partners Global Multi-Strategy Fund has won the ‘Best Multi-Strategy Fund’ award at the 2024 Hedge Funds Rock + The Australian Alternative Investment Awards for the second year running, with the fund outperforming most of its peers.

The Hedge Funds Rock + Australian Alternative Investment Awards, established in 2005 to honour the industry’s top performers, was held in Sydney on 25 September. Winners are decided based on a combination of quantitative and qualitative factors considered by a panel of judges in ten categories.

The ‘Best Multi-Strategy Fund’ award recognises the performance of the Global-Multi Strategy Fund (GMF) over the last three years. The GMF’s portfolio strategies have delivered an annualised return of 21.8% over the three years to 31 August 2024 and 37.1% since the January 2019 inception.  The GMF is available through NetWealth, PowerWrap, Mason Stevens, HUB24, Praemium, and Macquarie Wrap platforms.

Joseph Sitch, Co-CIO of the Global Multi-Strategy Fund, who attended the awards, said: “The Victor Smorgon Group team that manages the Fund are proud of winning the award for Best Multi-Strategy Fund for a second year running.

“The GMF applies a contrarian and absolute returns focus, which enables our team to concentrate on generating returns without continual concern for how the market is positioned,” Mr Sitch said. “Investing in the Fund can complement an investor’s existing allocation to alternative investments or sit within a portfolio of global equity managers.”

Founded in 1995, the Victor Smorgon Group (the Group) is a privately owned family office based in Melbourne, Australia. The Group’s portfolio was seeded internally in 2019, and the Global Multi-Strategy Fund was established in May 2022 to enable Australian investors to invest alongside the Victor Smorgon Group family office.

“This has enabled our investors to leverage the senior team’s collective operational experience and deep understanding of financial markets and investment expertise,” he said.

“The Fund’s rigorous and dynamic investment strategy is anchored by three pillars: Theme, Activation and Risk & Portfolio Management.  The fund is currently positioned in companies possessing strong free cash flow and high operating margins in areas of the economy that are structurally growing, and we expect ongoing strong returns as we explore the globe for great investment opportunities that individual investors wouldn’t necessarily be able to access,” Mr Sitch said.

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