Firetrail Alpha Plus Fund
Overview
The Alpha Plus Fund (“Fund”) is a 150/50 long/short strategy of our most compelling equity ideas. The strategy is built on fundamental, deep dive research guided by the philosophy that ‘every company has a price’.
The Fund aims to outperform the S&P/ASX 200 Accumulation Index over the medium to long term after fees.
Flexible
Long/Short strategies provide greater flexibility to generate alpha and manage risk through active positioning on both sides of the market.
Aligned
A unique fund structure that enhances alignment and sharpens the focus of the investment team.
A Proven Approach
A deeply experienced and highly credentialed team with a strong track record in long/short investing.
Portfolio managers
Patrick is the Managing Director at Firetrail as well as a Portfolio Manager for the Firetrail Australian High Conviction Fund, Firetrail Australian Small Companies Fund, Firetrail Absolute Return Fund, and Firetrail S3 Global Opportunities Fund. Patrick has over 39 years’ experience investing in equity markets. Prior to joining Firetrail, Patrick spent 28 years at Macquarie Group as an Executive Director and Head of Listed Equities. Patrick holds a Bachelor of Business from the University of Technology Sydney.
John is Risk Portfolio Manager at Firetrail Investments. John’s primary responsibilities include investment risk management, portfolio analytics and systems. John has over 18 years’ quantitative investment experience. Prior to joining Firetrail, he spent 10 years at hedge fund Triple3 Partners as Portfolio Manager and Quantitative Analyst. John holds a Bachelor of Science, Mathematics and Statistics (Honours, University Medal) from the University of Sydney. He has completed all three levels of the CFA program.
Key Features
| APIR | WHT1841AU |
| Benchmark | S&P/ASX 200 Accumulation Index |
| Portfolio allocation |
Typical net market exposure: 80-100%
Typical gross market exposure: 150 – 200% |
| Suitable investor profile | This product is intended for use as a minor or satellite allocation for a consumer who is seeking capital growth and has a very high risk and return profile for that portion of their investment portfolio. It is likely to be consistent with the financial situation and needs of a consumer with a 5 year investment timeframe and who is unlikely to need to withdraw their money on less than one week’s notice. |
| Suggested investment timeframe | 5 years or more |
| Risk | Very high |
| Short selling | Permitted |
| Borrowings | The Fund will borrow stock to enable short positions as part of the investment strategy. The Fund will not borrow cash. |
| Legal structure | Unlisted, open-ended Australian unit trust |
| Distribution | Semi-annually, subject to the Fund having sufficient distributable income as at 30 June and 31 December. |
| Minimum initial investment 1 | A$20,000 |
Ratings
Further information on our Ratings can be found in the Disclaimer & Disclosure section.
Performance
Performance (After Fees)
1 Firetrail Alpha Plus Fund.
2 Benchmark is the S&P/ASX 200 Accumulation Index.
3 Inception date is 21 February 2025.
Net Fund returns are calculated based on exit price with distributions reinvested, after ongoing fees and expenses but excluding taxation. Past performance is not a reliable indicator of future performance.
Unit Price History
Please note that distributions are paid by the Fund on a half yearly basis. As a result, unit prices may see a sudden drop on 1 January and 1 July each year due to the payment of these distributions. This is a normal part of the distribution process and does not represent a loss in value.
Unit prices are net of fees & do not include distributions. Calculation of unit prices is based on the net asset value plus/minus transaction costs divided by the total number of units on issue. Past performance is not a reliable indicator of future performance. This material has been provided for general information purposes and must not be construed as investment advice.
Distribution History
Reports
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Investor forms
1
The Responsible Entity has the discretion to accept lower initial investments. Does not apply to IDPS investments.
Disclaimer & Disclosure
This webpage is prepared by Firetrail Investments Pty Limited (‘Firetrail’) (ABN 98 622 377 913, AFSL 5168 21) as the investment manager of the Firetrail Alpha Plus Fund (ARSN 624 135 879) (the ‘Fund’). Pinnacle Fund Services Limited (‘PFSL’) (ABN 29 082 494 362, AFSL 238371) is the product issuer of the Fund and is a wholly owned subsidiary of Pinnacle Investment Management Group Limited (‘Pinnacle’) (ABN 22 100 325 184). PFSL is not licensed to provide financial product advice.
The information contained in this webpage is general information only and does not take into account your objectives, financial situation or needs. Before making a decision to acquire, or continue to hold units in, the Fund, you should consider the Product Disclosure Statement (PDS) and Target Market Determination (TMD). For historic TMDs, please contact Pinnacle Client Services via phone 1300 010 311 or email service@pinnacleinvestment.com. Any persons relying on this information should obtain professional advice before doing so and consider the appropriateness of the information having regard to your specific circumstances.
Past performance is not a reliable indicator of future performance and the repayment of capital is not guaranteed. The specific risks associated with investing in the Fund, and the risks associated with the Fund’s investments, are discussed in Section 6 of the PDS. Any opinions and forecasts reflect the judgment and assumptions of Firetrail and its representatives based on information available as at the date of publication and may later change without notice.
The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (Firetrail Alpha Plus Fund assigned July 2025) referred to in this piece is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual, including target markets of financial products, where applicable, and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at Fund Research Regulatory Guidelines.