The Fund targets positive returns on capital invested on worldwide exchanges that provide exposure to businesses that generate significant portion of their earnings from Africa. The investment strategy is predominantly long with hedging or derivative positions being taken in isolated instances to mitigate risk. Investment decisions are based on in-depth research of company and sector fundamentals. The holding period for core investments in the portfolio is on average well in excess of 12 months.
Strategies employed: 1) Particular sector exposures, and 2) Event driven positions - takeovers, mergers and LBOs