The objective of the Fund is to provide long-term capital growth through fundamental securities selection by taking both long and short investment positions in equity, debt and derivative securities and through strategic trading. The Fund's portfolio will consist primarily of securities of issuers engaged in the global energy sector. The Investment Manager intends to take long and short positions in stocks, bonds and commodities directly or indirectly to provide the best appreciation potential. The allocation of long and short positions will vary depending on the opportunities the Investment Manager believes have the best reward per unit of risk. The Investment Manager anticipates that its investment strategy will generate both capital gains and income.