The fund is comprised of relative value and directional trades expressed through futures and options.
30 to 40% of the fund is focused on longer term core themes.
60 to 70% of the portfolio is tactical and opportunistic with shorter-term positions.
The RV & Directional trades are expressed with exchange traded instruments.
Core themes can be with a holding period of 1 week to 3 months. The core themes are often expressed in options and futures and have a low turnover.
Allocations expressed through Directional and Relative Value shorter term momentum trades have a holding period of 1 day to 1 month.
Estimated total annual turnover of approximately 400%.