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Alternative Market Briefing

FACT Capital navigates a wild first year by focusing on specialization

Friday, July 31, 2020

Bailey McCann, Opalesque New York for New Managers:

FACT Capital, a new long/short hedge fund with an all woman investment team is trying to change the industry. FACT stands for fairness, alignment, compounding, and transparency - values that govern the fund's approach to investing. According to founder Joyce Meng, FACT is designed to be an investor friendly hedge fund, offering an easy to understand strategy at a low cost.

"Our ethos is to have deeply-researched, fully-transparent portfolios at low fees and to treat our LPs the way we would want to be treated ourselves," Meng tells Opalesque New Managers.

The strategy - which launched in September 2019 - invests in China, India, and the US with a limited investment universe of approximately 215 names based on the subsector expertise of the investment team. Meng notes that she and partner Gretchen Guo are focused on what they view as high-growth areas including Chinese healthcare services, private sector financials in India or US consumer staples.

The long book is made up of a mix of established companies that have a proven track record of positive compounding alongside companies that may be newer but have a positive growth story. On the short side, the fund invests in single name shorts that the investment team believes are on a secular decline or have factors that will eventually lead to a downturn. Meng refers to the seco......................

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