The Investment Objective of the Sub-Fund is to generate absolute returns. There is no guarantee that the investment objective of the Sub-Fund will be achieved and investment results may vary substantially over time.
The Sub-Fund shall invest primarily in a diversified portfolio of listed equities whether directly or indirectly through UCITS Funds. The investment process will be based on a combination of quantitative analysis, technical analysis and fundamental analysis.
The Sub-Fund may invest in listed equities of medium to large capitalisation companies (i.e. having a market capitalisation in excess of USD 1 billion). The Sub-Fund may also limitedly invest in the equities of small capitalisation companies (i.e. having a market capitalisation less than USD 1 billion).
Where the Sub-Fund invests in collective investment schemes managed by the Investment Manager, the Investment Manager shall re-imburse the Sub-Fund any Investment Management Fee and/or Performance Fee, as well as any applicable Subscription and/or Redemption Fees, received in connection with the Sub-Fund’s investment in the target collective investment scheme.
The Sub-Fund is not expected to have any bias towards any specific industrial, geographic or other market sector; provided that the Investment Manager will principally target equities listed on European, US and Japanese stock exchanges. Subject to the “Investment and Borrowing Restrictions” below, the Sub-Fund will not implement any other specific allocation thresholds in respect of the assets it may invest in.
For temporary or defensive purposes, the Sub-Fund may invest in short-term fixed income instruments, money market funds, cash and cash equivalents. The Sub-Fund may also hold cash and cash equivalents on an ancillary basis or cash management purposes, pending investment in accordance with its Investment Policy and to meet operating expenses and redemption requests.
The Investment Manager is also expected to invest in exchange traded and/or OTC FDIs (including options, forwards, futures, CFDs and swaps) and ETFs for investments and/or hedging purposes and the reduction of risk. The Sub-Fund will bear the associated costs and fees in connection with the use of such instruments. These fees will generally be payable to counterparties in OTC FDIs. Such counterparties are not expected to be related to the Company and/or the Investment Manager. The Company may also enter into foreign exchange linked OTC FDIs with the Custodian..