The fund is intended to deliver consistent absolute returns to investors over the longer term by investing in global equities. The ethos of the fund is to seek out growth opportunities wherever they may present themselves.
Fundamental to the approach is a belief that earnings growth acceleration will deliver the best absolute returns.
With this in mind, the portfolio will generally be weighted towards those economies where there is high economic growth or growth is re-accelerating. The portfolio will be concentrated into 50-70 equity or equity related names; futures, options and convertible bond positions will be used to reduce risk.
The fund will be long only with the ability to hedge out some market risk.