The Sub-Fund’s investment objective is to seek attractive long-term returns through an investment portfolio comprised of long and short positions in equity securities. The Sub-Fund invests in equity and equity related securities issued by companies worldwide (including Emerging Markets), as well as in Cash and Cash Equivalents. The Investment Manager will invest at least 60% of the Sub-Fund's long and short equity positions (in aggregate) in companies that: • have their registered office in the United Kingdom; or • do not have their registered office in the United Kingdom but either (i) carry out a predominant proportion of their business activity in the United Kingdom, or (ii) are holding companies which predominantly own companies with registered offices in the United Kingdom, or (iii) are listed on the London Stock Exchange.
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