Alpha Fund Managers


Investment objective

The Alpha Alternatives Fund is designed for investors seeking strong long-term returns by investing in underlying strategies that provide exposure to a well-diversified portfolio of specialist absolute return investment managers. The Alpha Alternatives Fund will invest in equity long short, relative value, event driven, global macro and managed futures. The Alpha Alternatives Fund will actively seek to take advantage of strategic country and asset allocation, as well as security pricing opportunities, by investing in a diverse range of securities across the globe. The composition and performance of the Fund may differ significantly from its benchmark. The fund aims to outperform the Cash +1% (Bloomberg AusBond Bank Bill Index + 1.0%) after fund fees and expenses, and before taxes over rolling 3 to 5 year periods. 

Investments held

The Alpha Alternatives Fund gains exposure to alternatives by investing in a diversified mix of Alternative based investment strategies that typically have low or even negative correlation to each other.

Minimum suggested investment timeframe

The minimum suggested investment timeframe for the Alpha Alternatives Fund is 3 to 5 years. The minimum suggested timeframe is a general guide only, and does not take into account your individual circumstances. We advise investors to seek financial advice to determine an appropriate investment period for the Alpha Alternatives Fund.

Investment Managers

H2O Force 10

H2O Force 10 is a Global Macro hedge fund strategy that aims to generate returns from long and short positions in various equity, fixed income, currency, and futures markets, primarily based on overall economic and political views of various countries and macroeconomic principles. The H2O strategy aims to provide not only risk-adjusted performance at portfolio level but also transparency and daily liquidity.

Legg Mason

Legg Mason Western Asset Management, a Legg Mason affiliate, is one of the world's leading fixed income managers and provides investment services for a wide variety of global clients, with broad capabilities across the fixed income spectrum. By devoting all of its resources to fixed income, Western Asset adds unique value to this asset class through active management of fixed income portfolios, with a value-oriented investment approach that is supported by a team of fixed income specialists in every market sector. Legg Mason Western Asset Macro Opportunities Bond is an unconstrained, global macro fixed income alternative that seeks to maximize total return while being less correlated to traditional fixed income and equity markets. The fund focuses on long-term value investing and active management of duration, yield curve and volatility by identifying relative value among securities and sectors in global fixed income markets.

L1 Capital is a boutique fund manager established in 2007 by Raphael Lamm (ex Cooper Investors) and Mark Landau (ex Invesco). L1 Capital has been one of Australia’s top performing Australian equity fund managers since inception in August 2007. L1 uses a fundamental, bottom-up research process to identify securities with the potential to provide attractive risk-adjusted returns. The fund aims to achieve lower beta than long-only products and lower portfolio risk than the market.
Dalton Street Capital is a boutique absolute return investment manager that invests based on mathematically established principle of behavioural finance and rigorous logic. The approach provides investors with strong absolute returns and low correlation to traditional asset classes. The Dalton Street strategy was formulated in 1996 and has delivered positive absolute returns in every calendar year since inception. Dalton Street brings together experienced and talented investment professionals within a partnership model that ensures direct alignment with investor’s interest.
AE Capital is a systematic FX fund manager that generates uncorrelated pure alpha. AE Capital achieves this by employing a unique dynamic strategy that adapts to changing macroeconomic themes and market conditions. AE Capital is different to traditional systematic and CTA managers in that they are purely fundamental, combining top-down fundamental market analysis with a scientific approach to produce systematic trading strategies.


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Information on this page is general advice only and is not personal advice. It does not take into account your individual objectives, financial situation or needs. Please review a copy of the Product Disclosure Statement to determine if this is a suitable investment to meet your needs or speak to your financial adviser before you make any decision to invest.

Funds invested are not guaranteed and their value will rise and fall in line with market forces. Past performance is no guarantee of future return.

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Who should invest?

Suited to medium to long-term investors who seek the potential for alternative absolute returns strategies

Investments held

The Alpha Alternatives Fund gains exposure to alternatives by investing in liquid alternative beta investment solutions. Alternative Betas are designed with the objective of delivering hedge fund like returns but with enhanced liquidity, lower fees and a higher degree of transparency.

Investment manager

Alpha Fund Managers Pty Ltd

Responsible entity

Equity Trustees Limited


Bloomberg AusBond Bank +1%

Minimum recommended investment time frame

3 to 5 years

Minimum initial investment


Minimum additional investment


Minimum withdrawal


Minimum balance


Withdrawal of monies under normal circumstances

Within 7 days

Valuation frequency


Unit price

Generally determined each business day based on the Net Asset Value of the Fund

Buy/Sell spread

0.35% / 0.35%

Income distribution


Management Fees

0.82% (including service costs)

Indirect costs

Refer to PDS

Performance fees

Refer to PDS

Date of inception

March 2012

Please refer to the Alpha Fund Series PDS for further information