A multi-strategy fund, launched in March 2016, is the firm’s 2nd
flagship fund. The Fund maintains a consistent investment approach with a
focus on liquidity, low directional exposure to equity or credit markets.
The Fund has three core investment strategies: credit, income-producing
utility and growth-at-a-reasonable-price equity. Each underlying strategy
aims to exploit inefficiencies primarily in the US markets. Since the
Fund’s inception, a disciplined approach to managing the investment
process and portfolio risk, combined with a policy of stable strategy
biases, has ensured that the Fund has produced solid compounded returns.
Those returns exhibit low volatility as well as a low beta to equity and
credit markets and have provided meaningful downside protection in
difficult market environments.