Boutique fund manager Alpha Fund Managers (AFM) has added the Fairview Equity Partners Emerging Companies strategy to its Alpha series multi-manager line-up.
The new addition comes as AFM moves to reduce its long short ability in the portfolio, AFM portfolio manager Matthew Zschech said.
The decision to reduce the long short ability is in response to the state of play within Australia's equity markets, Zschech said.
"We're taking more of a long bias. We're not removing our long short ability altogether, but we're definitely taking the tactical bias towards long," he said.
"One of the good things about bringing Fairview on board is that we now have the capabilities of resources stocks in the small caps space, where previously both of our managers were industrials only. We're definitely pleased that we have that capacity."
AFM is also planning to reduce its exposure to Australian fixed interest.
"We're just seeing Australian fixed interest pare off a little bit and we want to reposition the portfolio," Zschech said.
AFM is a wholly-owned subsidiary of financial services company Infocus Wealth Management Pty Ltd.
