Long: Established Australian companies with a sustainable forward advantage.
Short: Australian companies with a weakening forward advantage and increasing risk.
We aim to outperform the S&P/ASX 200 Accumulation Index (after fees and before taxes) over the long term.
Fundamental research and sound risk management drives fund investments. Quality stocks at low or reasonable valuations underpin long positions while poor quality stocks with high valuations facing near-term pressures underpin short positions. Risk is managed through portfolio diversification, pair trades, strict exposure limits and process discipline
We truly are a partnership.
100% of our staff own equity.
Zero personal trading (PA) is allowed. We are 100% invested in our portfolios. We have all committed significant personal capital.
Our corporate profits are reinvested into our portfolios. Our personal salaries are reinvested into our portfolios.
Our Portfolio Managers are aligned with our clients (and their investment results) via clearly defined profit share mechanisms.
Timely and transparent communication with our investors. Providing regular access to our investment teams.
Note: Top Active Holdings as at October 2025
Joseph Koh has over 25 years’ experience in investment and finance, beginning in 1997 at Bankers Trust and 8 years at Regal Funds Management.
Recently, Joseph was co-portfolio manager of a high performing long-short fund at Schroder Investment Management.
Joseph holds a Bachelor of Business (majoring in Accounting and Finance) and is a CFA charterholder.
Joseph is the Portfolio Manager of the Blackwattle Long Short 130/30 Quality Fund and the Blackwattle Large Cap Quality Fund.
Elan brings over 20 years of investment experience to Blackwattle Investment Partners, with a proven track record across portfolio management and trading.
Prior to joining Blackwattle, he held senior portfolio management roles at AL Capital and Pengana Capital Group.
His expertise spans Market Neutral and Long-Short equity strategies, with a focus on disciplined risk management and alpha generation.
Elans’s deep understanding of markets and investment process supports Blackwattle’s commitment to delivering consistent, high-quality outcomes for clients.
Reece has over 4 years experience in Long-Short Australian and Global Equities.
Most recently, Reece was an investment analyst at APSEC Funds Management, a boutique market neutral hedge fund based in Sydney where he specialised in absolute return short selling.
Reece has prior experience in forensic accounting and holds a Bachelor in Applied Finance from Macquarie University.
| Benchmark | S&P/ASX 200 Accumulation Index |
| Management Fee | 0.92% of the Net Asset Value of the Fund of the Fund. Inclusive of Goods and Services Tax (GST) and net of any Reduced Input Tax Credits (RITC) |
| Performance Fee | 17.94% (inclusive of GST and net of any RITC) of the total return of the fund (after deducting Management fees) in excess of the return of the Benchmark during a relevant performance period and provided any underperformance from previous periods has been recovered |
| Portfolio Allocation | Australian and New Zealand listed equities-long: 70 - 150% Australian and New Zealand listed equities-short: 0 - 50% International (except Australian & New Zealand)-long: 0 - 10% International (except Australian & New Zealand)-short: 0 - 10% Unlisted Equities (expected to be listed within 24 months)-long: 0 - 10% Cash & Cash Equivalents: 0 - 30% |
| Portfolio Holdings | Typically 35 to 55 long securities Typically 15 to 25 short securities |
| Suggested Timeframe | 5 years or more |
| Distribution | Semi-annually |
| Minimum Initial Investment | $25,000 |
Blackwattle Long-Short 130/30 Quality Fund Performance (net of fees)1
1 Returns are calculated after fees have been deducted and assume distributions have been reinvested. No allowance is made for tax when calculating these figures. Past performance is not a reliable indicator of future performance. Source: Apex. 2 The inception date for the Fund is 8 Aug 2023. 3 S&P/ASX 200 Accumulation Index
Blackwattle Equity Income Fund Launch – January 2026
Blackwattle Investment Partners is pleased to announce the launch of its new Equity Income Fund. The team, comprising Rudi Minbatiwala, Jason Moodie, and Marlon Chan, brings a combined 70 years of investment experience and a 17+ year history of working together at First Sentier Investors, where they managed a highly regarded Equity Income strategy since 2008.
To find out more please contact our team by clicking the link below:
