Salt's long-short fund chalked up another strong year

Overall, fees from the fund, Salt’s biggest earner, rose to $3.5 million from nearly $2.9 million the previous year.

Salt managing director Matt Goodson says the fund’s performance reflects stock selection, explaining that it doesn’t have any correlation to equity markets but aims to deliver equity-like returns.

Its benchmark is the official cash rate plus 5% and it has “a forever highwater mark,” meaning that if it underperforms in any given year, it must recover that underperformance before earning its next performance fee.

It earned nearly 21% in calendar 2025, down from 26.6% the previous year and nearly 6.1% in calendar 2023.