Global Multi-Strategy Fund
Thematic Multi-Asset Strategy
A multi-asset portfolio reflecting the Victor Smorgon Group’s liquid investment framework.
Introduction
The Global Multi-Strategy Fund provides wholesale investors with access to the Victor Smorgon Group’s liquid portfolio strategy – a thematic, contrarian approach refined over more than two decades of capital allocation experience.
Established as an extension of the Group’s internal investment framework, the Fund seeks to generate attractive absolute returns while actively managing risk across market cycles. Rather than anchoring to indices, the strategy allocates capital dynamically across long-term structural themes, positioning for macroeconomic shifts and asymmetric opportunities.
The Fund maintains exposure to multiple uncorrelated themes – including gold, decarbonisation, automation and capital markets – allowing for diversified participation in enduring global trends.
The Fund is currently soft-closed to new investors. Existing investors continue to receive monthly reporting and liquidity in accordance with the Fund’s terms. If you are an existing investor who would like to increase your investment, please contact investorrelations@vsg.com.au
Annualised return since inception
13.8%
Annualised alpha
since inception
4.9%
Inception
May 2022
Fund Manager
Peter Edwards
Joseph Sitch
Fund Overview
Investment approach:
Thematic multi-asset strategy with dynamic allocation across global structural trends.
Investment objective:
To deliver attractive risk-adjusted absolute returns over the medium to long term through active allocation across global thematic opportunities.
Fund launch date:
May 2022
Minimum Investment:
$250,000 (subject to discretion)
Structure:
Unregistered Australian wholesale unit trust
Trustee:
Gannet Capital Pty Ltd (AFSL 340799)
Investment Manager:
Victor Smorgon Partners Pty Ltd
Investor eligibility:
Wholesale & Sophisticated Investors only
Base Currency:
AUD
Geographic focus:
Primarily developed markets, but may include emerging markets where aligned with the Fund’s thematic allocations.
Typical exposures:
A diversified portfolio across multiple thematic allocations.
Typical position sizes:
Maximum 20% of portfolio at cost
Liquidity:
Monthly (45 days’ notice)
Valuation Frequency:
Monthly
Applications:
Currently soft-closed
Redemptions
Monthly, 45 days’ notice
Fees
Management Fee:
1.00% p.a. of NAV
Performance Fee (Direct investors):
20% above an 8% hurdle, subject to high water mark
Buy/Sell Spread:
30 bps
Full details are available in the Information Memorandum.
APIR/ISIN
Fund Performance
Past performance is not a reliable indicator of future performance.
Fund Reports and Documents
Monthly reports remain available despite the Fund being soft-closed.
The Fund is currently soft-closed to new investors. NAV updates continue to be published for existing unitholders.
Why invest?
Family Office Alignment
The Fund mirrors the Victor Smorgon Group’s liquid investment strategy and invests alongside the Group’s capital
Absolute Return Focus
Returns are pursued independent of market positioning or index constraints.
Thematic Diversification
Exposure to multiple long-term structural trends across sectors and asset classes.
Risk-Aware Construction
Maximum position limits and dynamic rebalancing seek to mitigate concentration and downside risk.
Investor profile
Suitable for wholesale investors who:
Seek thematic, multi-asset exposure
Are comfortable with dynamic asset allocation
Have a medium to long-term investment horizon
Can tolerate volatility associated with active and thematic strategies
Invest
Important Information
The Victor Smorgon Partners Global Multi-Strategy Fund is an unregistered Australian wholesale unit trust.
This webpage has been prepared by Victor Smorgon Partners Pty Ltd. The trustee of the Fund is Gannet Capital Pty Ltd (AFSL 340799).
The information on this webpage is provided for general information purposes only and does not constitute an offer or recommendation to invest. Interests in the Fund are available only to wholesale clients as defined under the Corporations Act 2001 (Cth).
Potential investors should consider the Information Memorandum and seek professional advice before making an investment decision.
Investment in the Fund carries risks and the return of capital and performance of the Fund are not guaranteed by Victor Smorgon Partners, the Trustee or any related entity.
Contact us
For further information, monthly reports or investment enquiries:
Victor Smorgon Partners
Level 12, 644 Chapel Street
South Yarra VIC 3141