Wallace Absolute Return

Stock Code

WAB

Stock Exchange

ax

Wallace Absolute Return (WAB) is a LIC that utilises a number of hedge fund strategies in the Australian equity market. Wallace Funds Management Pty Ltd (Wallace) manages WAB. The company’s objective is to provide consistent returns in both rising and falling markets within stated risk parameters and to preserve the capital of the company. The company listed on the Australian Stock Market (ASX) on 28 January, 2003. The company diversifies its investments in a range of portfolios in various industry sectors, thus reducing risk.