Mutual Fund
Fidelity Global Opportunities Long/Short Fund
For accredited investors only
This website is intended for use by Accredited investors (as such term is defined in the Securities Act (Ontario) or National Instrument 45-106 - Prospectus Exemptions, as applicable) resident in, or otherwise subject to the securities laws of, any province or territory of Canada, or pursuant to such other exemptions from the prospectus requirements under applicable securities legislation.
Examples of who qualifies as an accredited investor:
- an individual who, either alone or with a spouse, beneficially owns financial assets having an aggregate realizable value that, before taxes but net of any related liabilities, exceeds $1,000,000;
- an individual who beneficially owns financial assets having an aggregate realizable value that, before taxes but net of any related liabilities, exceeds $5,000,000;
- an individual whose net income before taxes exceeded $200,000 in each of the two most recent calendar years or whose net income before taxes combined with that of a spouse exceeded $300,000 in each of the two most recent calendar years and who, in either case, reasonably expects to exceed that net income level in the current calendar year;
- an individual who, either alone or with a spouse, has net assets of at least $5,000,000;
- a person (other than an individual or investment fund) that has net assets of at least $5,000,000 as shown on its most recently prepared financial statements provided that such person has not been created solely to purchase or hold the Units being purchased; and
- a person acting on behalf of a full managed account managed by that person, if that person is registered or authorized to carry on business as an adviser or the equivalent under the securities legislation of a province or territory of Canada or a foreign jurisdiction.
"Financial assets" generally means cash and securities and "related liabilities" means liabilities incurred or assumed for the purpose of financing the acquisition or ownership of financial assets, or liabilities that are secured by financial assets.
This website is not intended to constitute an offer of units of Fidelity Alternative Real Estate Trust (the "Fund"). The information contained herein is qualified in its entirety by reference to the Offering Memorandum ("OM") of the Fund. The material available on this website is published for informational purposes only. It does not constitute a solicitation of an offer to buy or an offer to sell securities, nor should the information be relied upon as investment advice. Units of the Fund are generally only available to Accredited Investors (as described above). The OM contains information about the investment objectives and terms and conditions of an investment in the Fund (including fees) and also contains tax information and risk disclosures that are important to any investment decision regarding the Fund.
Lean into research with a globally diversified long/short strategy.
Fidelity Global Opportunities Long/Short Fund is designed for more opportunities, flexibility and more ways to manage risk, all backed by Fidelity’s global research network.
Meet the managers behind the fund
Hear from portfolio managers Max Adelson and Nicolas Bellemare as they share what drives their leadership and management style.
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Want to learn more about liquid alternatives?
We’ve answered your top questions.
Frequently asked questions (FAQs)
What is a liquid alternative?
A liquid alternative is an investment that uses hedge fund-type strategies like short-selling or the use of derivatives to target different outcomes. Liquid alternatives, or alternative mutual funds, combine the best of both worlds, offering the flexibility of hedge fund strategies but with the liquidity and guardrails of a mutual fund. They’re offered in a “liquid structure” like a mutual fund or ETF, making them more accessible. Popular liquid alternative strategies include long/short, market neutral and global macro, to name a few.
Why should I consider adding liquid alternatives to my portfolio?
They give your portfolio a few extra ways to navigate different market conditions. Liquid alternatives use different tools and techniques compared to traditional equity (stock) or fixed income (bond) investments, offering new strategies to help manage risk or look for returns in different market conditions.
What is a long/short strategy?
It’s like playing both offense and defense. Long/short strategies can look a bit different from fund to fund. Generally speaking, portfolio managers take long positions (buys) on stocks that they believe are undervalued with the potential to go up, and short positions (sells) on stocks that they believe are overvalued, expecting they might fall. By doing both at the same time, they’re aiming to find more opportunities to achieve returns and reduce volatility.
How do managers pick “long” and “short” positions?
It depends on the strategy, but for active managers, it’s through research, which is a mix of data-driven insight and strategic judgment. Portfolio managers look closely at how companies are performing, how much their stocks are worth, and what’s happening in the markets. They use this information to decide which stocks to buy and which ones to sell. They look for companies with solid growth potential or ones they believe are undervalued for long positions, and identify overvalued or vulnerable businesses for short positions.
What should I know before investing in liquid alternatives?
Consider your investment goals, risk tolerance and fees. Look for a manager with a proven track record and take time to understand the strategy, its potential role in your portfolio and the associated risks and costs. Speak to your financial advisor to make an informed decision.
Fidelity Global Opportunities Long/Short Fund and ETF Series
Expand your opportunity with a globally diversified liquid alternative strategy.