Morphic launches ESG Long/Short Fund on the Trium UCITS platform

Sydney-based Morphic Asset Management will launch a Long/Short ESG fund on the Irish Trium UCITS platform. The fund targets absolute returns and employs a fundamental equity long/short strategy with ESG factors to generate alpha on both long and short positions. By embedding ESG into the research process, the fund is able to find multiple new alpha sources. This includes shorting using a selection of ESG and non-ESG signals; for example, failed engagements are often a signal that a share price is likely to fall. Most of the shorts will be implemented through pair trades or as single stock shorts.