CC Sage Capital Absolute Return Fund added to Macquarie Wrap

Sage Capital

The CC Sage Capital Absolute Return Fund has been added to the Macquarie Wrap investment platform.

The fund is a market neutral long short strategy and it aims to to achieve returns in excess of the RBA cash rate after fees and expenses over the long term.

It takes both long and short positions in selected Australian shares and typically holds between 100-120 positions. It was launched in August 2019.

"We categorise the market into eight broad Sage groups and focus on selecting stocks within them. This gives us the flexibility to incorporate rapidly shifting company information into the portfolio without taking large binary style positions. Performance has been driven by strong stock selection within these Sage groups which include Defensives, Domestic Cyclicals, Global Cyclicals, Gold, Growth, REITs, Resources and Yield," Sage managing director and chief investment officer, Sean Fenton, said.