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
36.5%
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:
Gannet Capital Pty Ltd (AFSL 340799) (ACN 139 264 690)
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 28 February 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 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