Watermark Global Leaders Fund Limited (Company) is an investment company investing predominantly in international listed securities. The Company’s Portfolio is managed by Watermark Funds Management Pty Limited. The Company provi
des investors with the opportunity to invest in an actively managed Portfolio and gain access to the investment experience and expertise of the Manager.
A market neutral strategy aims to benefit from exposure to mispriced shares in a hedged structure. Watermark will aim to use its skills and experience in identifying securities it believes are mispriced, constructing a long portfolio populated with strong, well-managed businesses, and a short portfolio populated with weak, poorly-managed business. The long and short portfolios will be of roughly equal size and composition, thereby ensuring that there is a natural hedge in the structure. The Company will make a profit whenever the long portfolio outperforms the short portfolio, irrespective of the direction and performance of the underlying global share market.