Watermark Market Neutral Fund Limited (WMK) is a listed investment company investing predominantly in Australian securities. The Company's portfolio is managed by Watermark Funds Management, an absolute return manager with a long track record.
In a market neutral structure, the long portfolio and short portfolio are of roughly equal value. This minimises exposure to general market movements. The performance of the fund will be the interest on the cash at bank plus the difference in performance of the two portfolios.