Fund Objectives
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To invest globally in liquid high yield securities
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Dynamically adjust exposure to regions and sectors in the search for value
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Avoid poor risk-reward situations and take advantage of cases of extreme mispricing
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Preserve capital and achieve solid risk-adjusted returns with a low volatility
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Size positions appropriately (1-3%) to reduce idiosyncratic risk but allow differentiation vs. highly diversified funds
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Remain flexible and avoid major benchmark constraints