The sole objective of our investment process is to generate absolute (i.e. positive) returns, higher than those available from the money market sector, irrespective of the market direction. The process aims to capture a significant portion of the equity market upside in bull markets, but protect against capital loss in equity bear markets conditions. Accordingly the fund’s returns have a low correlation to the returns of the general equity market.

Our investment strategy can be summarised as follows:

  		•  The portfolio comprises a focused selection of local equities, typically between 25 and 40 positions.
  		• We do not adopt market consensus positions and the portfolio is not weighted to any index.
  		• We rely on our experience, in-house research and stock picking to drive our returns.

  • The fund employs a long and short equity strategy which enables us to hold (buy) the stocks that we identify as being undervalued and sell (short) stocks that we consider overvalued.
  		• Our mandates all have an absolute return bias rather than a relative return bias.
  		• Short term trading opportunities are used to enhance performance.
       



    		 
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