K2 has investment funds focused on Australian, Asian and International equities markets. Since inception each fund has consistently delivered solid returns for our investors.

Vigilance Rewards

K2’s performance is based on our unique approach: a flexible mandate to adapt to volatile equity markets, high conviction stock selection and a tested investment process. Our managers rely on their own research, intelligence and depth of experience together with market analysis and direct contact with companies to make investment decisions that deliver.

K2’s funds are available for institutional and retail investors and can be accessed directly or via a range of investment platforms. Read more

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K2 Opportunities Fund

From 15 February 2026, the K2 Australian Fund was renamed the K2 Opportunities Fund to reflect a change in investment strategy, allowing for global geographic exposure while maintaining an Australian bias.

The K2 Opportunities Fund primarily invests in Australian listed equities but will allocate capital to opportunities identified across developed global markets.

The Fund typically holds up to 80 different stocks in a range of global jurisdictions and sectors but may also hold up to 100% cash, depending on market conditions.

K2 Opportunities Fund investment philosophy

The K2 Opportunities Fund primarily invests in Australian listed equities but will allocate capital to opportunities identified across developed global markets. There are no predetermined exposure limits on overseas jurisdictions. K2 focuses on markets with sufficient liquidity, robust regulatory frameworks, and accessible custody and settlement infrastructure.

This approach allows K2 to dynamically allocate capital to jurisdictions offering the most attractive risk-adjusted opportunities. The Fund invests across a range of sectors that the Investment Manager determines will add greatest value.

The Investment Manager brings their own investment style and methodology to the portfolio, combining research with direct contact with companies, supported by an established framework of portfolio rules and guidelines. As a result, K2’s portfolios tend to be high conviction and index unaware.  The Investment Manager will always examine key investment variables, however, it is the Investment Manager’s ability to identify major investment themes and catalysts on a timely basis that gives K2 its competitive advantage. 

In addition to identifying undervalued stocks, K2 has the ability to actively manage equity market exposure and currency exposure as well as having the ability to short sell. These provide the Investment Manager with additional tools to deliver superior risk adjusted returns for our clients.

If you would like to receive the Target Market Determination (TMD) for this Fund, please contact us at invest@k2am.com.au.

 

 

Investment Process

High Conviction Risk Controlled Ungeared Benchmark Unaware

K2 Opportunities Fund

Investment Team

Portfolio Managers
Currency Strategist
Range Committee

Cash Allocation

Range 0 - 100%
Macro top-down view

Shorting

Additional source of alpha Company specific

Liquidity

FUM Constrained

Currency Hedging

Protect offshore returns
Not a trading strategy

Stop Losses

Trigger Process
Sell losers / run winners
Constantly reviewed

K2 Opportunities Fund Daily Pricing Performance

DateEntryNAVExitDistribution
14/08/26147.31146.94146.57-
11/08/26150.62150.24149.86-
07/08/26148.36147.99147.62-
03/08/26139.8139.45139.1-
31/07/26139.28138.93138.58-
28/07/26138.89138.54138.19-
21/07/26137.92137.58137.24-
16/07/26139.46139.11138.76-
15/07/26141.42141.07140.72-
14/07/26139.64139.29138.94-
09/07/26138.48138.13137.78-
08/07/26138.52138.17137.82-
06/07/26143.1142.74142.38-
30/06/26140.29139.94139.591.4424
29/06/26140.74140.39140.04-

All Prices in AUD. Download Daily Pricing Performance CSV