Fact Sheet
As at February 2019
As at February 2019
Watermark Market Neutral Fund Ltd (LIC)
Manager Summary
Watermark is an active, high conviction fund manager investing in Australian public companies. Established in 2003 by Justin Braitling, who has over 30 years experience managing portfolios of Australian and International shares, Watermark comprises a team of experienced investment professionals based in Sydney.
Strategy Summary
Watermark Market Neutral Fund Ltd is a LIC.
The Company's investment strategy has a primary goal of identifying and buying listed securities that in its view are undervalued by the market, and identifying and short selling listed securities that in its view are overvalued by the market.
In a market neutral
The Company's investment strategy has a primary goal of identifying and buying listed securities that in its view are undervalued by the market, and identifying and short selling listed securities that in its view are overvalued by the market.
In a market neutral
Key Terms
| Status: | Closed | Inception Date: | Jul 2013 |
| Strategy: | Equity Market Neutral | Style: | N/A |
| Geography: | Australia/Global | Domicile: | Australia |
| Investors: | Min. Investment: | AU$ 1,000 | |
| Distributions: | 6 Monthly | Applications: | Daily |
| Fund Size: | AU$ 70.1m | Management Fee: | 1.00% |
| Manager FUM: | AU$ 88m | Performance Fee: | 20.00% |
Key Statistics
| Fund | Index* | Fund | Index* | ||
| Feb 2019: | 0.70% | 0.94% | Sharpe1: | 0.22 | 1.11 |
| 1 Year: | -4.04% | 6.16% | Sortino1: | 0.28 | 1.84 |
| 3 Years1,2: | -0.79% | 3.47% | Best Month1: | 4.07% | 1.69% |
| 5 Years1,2: | 1.80% | 4.70% | Worst Month1: | -4.34% | -1.44% |
| Inception1,2: | 3.05% | 4.66% | Volatility1,2: | 5.95% | 2.44% |
| Up-Capture1: | 11% | N/A | Down-Capture1: | -139% | N/A |
Cumulative Returns Fund Index
Watermark Market Neutral Fund Ltd (LIC) - Cumulative Performance vs Bloomberg AusBond Composite 0+ Yr Index
Drawdowns Fund Index
Drawdown%
Fund Index
Quintile Ranking vs. Equity Alternative - Australia Peer Group (124 funds) as at
Quintile data is pending for Watermark Market Neutral Fund Ltd (LIC).
Quintile Rankings display Key Performance Indicators (KPI's) against the fund's Peer Group. Each green square ranks the fund in one quintile (or 20%) of its peer group - five green squares indicate the fund is in the best quintile for each KPI. The performance of the peer group's underlying index is shown by a red dot.