Oakley

Absolute Return Fund

Fund Investment Objectives

Fund objectives: Delivering consistent absolute returns while remaining focused on capital preservation. Targeting 10-12% annualised return with a maximum annual loss of 5%. Investment philosophy: Concentrate responsibility in an experienced and talented team to reach a more comprehensive understanding of the portfolio and the risks within it. Understanding that the qualitative and quantitative drivers of hedge fund returns are key for performance and diversification. A Core/Satellite strategy: Concentrated portfolio of 15-25 investments. Emphasis is on individual manager skills, exposures and the fit for the overall portfolio to ensure no undue concentration. Maintain a core of uncorrelated absolute return hedge funds, and satellite comprising of opportunistic thematic investments. Core managers typically make up 80% of the portfolio and are non directional. Satellite managers typically make up 20% of the portfolio and comprise our directional bets.