The fund is a long/short fund with a bias towards listed equity. It may also hold positions in listed bonds, property, pref shares, money market instruments, derivatives and cash in a combination appropriate to meet the funds benchmark. The funds objective is to generate returns in excess of inflation over the medium term. The fund is mainly invested in the South African market but may take positions offshore.

The fund was converted into the new FSCA approved structure, regulated under the Collective Investment Schemes Control Act on 15 December 2016. It is approved for retail investors in a regulated collective investment scheme (“CIS”).