Fund launches & closures

Ex-Goldman traders start Australia-focused Auscap long/short fund

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Two former Goldman Sachs prop traders in Sydney have launched their own long/short fund focused on Australian equities from their new Auscap Asset Management operation. 

The fund is understood to employ a high-conviction strategy and is targeting wholesale and institutional investors with at least a three-year investing horizon.

Tim Carleton and Matthew Parker were both formerly executive directors at Goldman Sachs (Australia) Proprietary Strategies Equities. The Auscap Long Short Australian Equities Fund launched on 3 December. 

The strategy, which seeks to deliver strong returns above the benchmark Reserve Bank of Australia cash rate with little correlation to equity markets, runs a