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