Fund Portrait

The Fund’s target is to participate in bull markets but add significant value providing volatility driven alpha in bear markets and in times of crisis. It is long-only and notionally-unleveraged. The Fund can buy 0–100% in S&P 500 futures, or, in extraordinary situations, be 100% in cash or US treasuries. For long volatility exposure, the Fund can also invest 0–50% in VIX futures. This strategy is suitable for medium/long-term investors looking for uncorrelated returns and downside protection in stressed markets.