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Concentrated Equity Fund

Fund Investment Objectives

The objective of the OPIS Capital Concentrated Equity Fund is to generate positive returns through a portfolio of concentrated core investments, investments in emerging companies where we have strong views on management and future earnings growth, and short-term trading opportunities. The investment strategy has three important elements: 1) to make meaningful investments in what we consider to be the best fundamental investment opportunities; 2) to make smaller investments in emerging companies, that whilst higher risk, may make substantial returns over the medium term; and 3) to take short-term (long and short) positions in trading opportunities. (Actual Inception date is November 20th, 2003)