The objective of the fund is capital appreciation while closely controlling risk. The fund intends to deliver absolute returns over rolling 12 month periods that have a low correlation with equity and bond markets, through a market neutral portfolio of global equity stocks. The team’s approach is to rigorously assess companies against criteria including stock price valuation, balance-sheet quality, growth characteristics; efficient use of capital, analyst sentiment, and supportive market trends. The team builds a diversified portfolio of stocks that is expected to outperform in the current macroeconomic environment, while applying stringent risk-management techniques, carefully controlling turnover and trading costs, and maintaining strict limits on sector and stock positions.