Global Multi-Strategy Fund
Thematic-led global equities strategy
A multi-thematic 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 equities 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
Low correlation to broader market indices
Annualised return since strategy inception
34.0%
Strategy inception
Jan 2019
Winner - Hedge Funds Rock Award “Best Multi-Strategy Fund” 2023 and 2024
Fund Manager
Peter Edwards
Joseph Sitch
Fund Overview
Investment approach:
Thematic global equities strategy with dynamic allocation across structural trends.
Investment objective:
To deliver attractive risk-adjusted absolute returns over the medium to long term through active allocation across global thematic opportunities.
Strategy launch date:
Jan 2019
Minimum Investment:
$250,000
Structure:
Unregistered Australian wholesale unit trust
Trustee:
Como Services Pty Ltd (ACN 679 698 652 / AFSL: 562776)
Investment Manager:
Victor Smorgon Partners Pty Ltd (ACN 630 512 739 / CAR 1314940)
Investor eligibility:
Wholesale clients only
Base Currency:
AUD
Geographic focus:
Global
Typical exposures:
A diversified portfolio across multiple thematic allocations.
Typical position sizes:
Maximum 20% of portfolio at cost
Valuation Frequency:
Monthly
Applications:
Currently soft-closed
Redemptions
Monthly
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
Direct Investor: GCL4545AU / Platform Class: GCL7504AU
Fund Performance
Past performance is not a reliable indicator of future performance.
*Fund performance is an estimate based on the inception unit class.
Net performance as at 30 April 2026.
Fund Reports & Documents
Monthly reports remain available despite the Fund being soft-closed.
The Fund is currently soft-closed to new investors.
Important Information
The Victor Smorgon Partners Global Multi‑Strategy Fund (Fund) is an unregistered Australian wholesale unit trust and is available only to wholesale clients within the meaning of section 761G of the Corporations Act 2001 (Cth).
The offer of interests in the Fund is made pursuant to an Information Memorandum (IM) issued by Como Services Pty Ltd (ACN 679 698 652, AFSL: 562776) in its capacity as trustee of the Fund. Victor Smorgon Partners Pty Ltd (CAN 630 512 739, CAR No. 1314940), a corporate authorised representative of Como Services Pty Ltd, is the investment manager of the Fund.
The information contained on this website is general in nature only and has been prepared without taking into account your objectives, financial situation or needs. It does not constitute an offer, solicitation or recommendation to invest in the Fund and should not be relied upon as the sole basis for making an investment decision.
Prospective investors should consider the IM in its entirety and assess whether an investment in the Fund is appropriate in light of their objectives, financial situation and needs. Where appropriate, investors should seek professional advice from a licensed or authorised adviser.
Investment in the Fund is subject to risk. There is no guarantee that the Fund’s investment strategy or objectives will be achieved. Neither the trustee, the investment manager nor any related body corporate guarantees the repayment of capital, the performance of the Fund, or any particular rate of return.
Any performance information or statements regarding expected returns are provided for general information purposes only. Past performance is not a reliable indicator of future performance.
Contact us
For further information, monthly reports or investment enquiries:
Victor Smorgon Partners
Level 12, 644 Chapel Street
South Yarra VIC 3141