Fat Prophets Global Contrarian Fund LIC

Fat Prophets

Fat Prophets has launched a globally focussed LIC, the Fat Prophets Global Contrarian Fund. The fund aims to raise a minimum of $16.5m and a maximum of $66m.

According to its prospectus, the fund's investment strategy is "to take a strongly contrarian approach and to systematically invest in global themes at key inflection points across multiple asset classes, combining a strong core portfolio of long only positions with active trading to take advantage of shorter term opportunities regardless of market direction."

In a letter to investors, Fat Prophets founder, Angus Geddes, said: "I have developed the investment strategy...to leverage wealth creation opportunities where I believe the herd have got it wrong. Taking this contrarian approach is increasingly being recognised as a strategy that adds value for investors, and one we have employed to generate strong results during the 16 years of running Fat Prophets."

The fund launched on the ASX on 22 March 2017. The Issuer Code is FPC.