Capitalist gelding Hedged has always shown above average ability, splitting G1 winners Joliestar and Libertad when second in the 2024 Group II ATC Arrowfield Sprint and the now five year-old claimed his first stakes win at Sandown on Boxing Day when taking out the Listed MRC Christmas Stakes (1200m).

Capitalist enjoyed strong results on Boxing Day with a new stakes-winner at Sandown in Hedged, while across the Tasman in New Zealand his lightly raced five year-old Rise Companions is shaping as a horse with a lot more to offer.