The aim of this Subfund is to achieve the maximum possible absolute return in the reference currency while keeping its correlation to the equity market as low as possible and its volatility well below the market's. The Subfund will be managed actively with a long/short equity strategy within Europe. Income will be generated primarily by the choice of the long or short positions and, to a limited extent, by the net exposure to the equity markets; to implement the investment strategy applied, considerable use will be made of derivative financial instruments. This class is offered for institutional investors only. AUM reflects the aggregate of the various share classes and is denominated in EUR.