Jun 27, 2026 – 5.00am“There are decades where nothing happens, and there are weeks where decades happen.” This is how Marcus Vance, the chief investment officer at Grace Capital, begins his monthly investment update newsletter.Unfortunately, he has developed a habit of talking in trite, exaggerated sayings. Perhaps, this time, it’s appropriate. The Grace Capital Long-Short Australian Equities Fund is up 7.6 per cent in a month, easily beating the S&P/ASX 200 which rose only 1.8 per cent over the same period.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Grace LaganMarkets reporterGrace Lagan is a markets reporter at The Australian Financial Review covering equities, currencies, commodities and monetary policy. She holds a first-class honours degree in economics from the University of Sydney, where her thesis examined intergenerational wealth transfers and home ownership. She is completing a law degree with a focus on media and defamation law. Before joining the AFR she spent two years as a paralegal in Nine’s editorial legal team.Fetching latest articles