The Fund's investment objective is to seek to generate positive returns with low volatility through a variety of investment and trading strategies, primarily in the global convertible market. The Investment Manager seeks out pricing inefficiencies together with investment and trading opportunities in the global convertible market by combining quantitative screening with convertible analysis to identify attractively valued convertible securities that offer the most compelling risk/reward profile in the Investment Manager's experience and judgment. Value may be extracted through hedging of equity, credit, interest rate, volatility and currency exposures although not all convertible positions are run on a hedged basis. The Fund will invest in a wide variety of instruments, including convertible securities, listed equities (and rights to listed equities), debt securities (both rated and unrated), currencies, futures, options, warrants, swaps (including credit derivative swaps), contracts for differences and other derivative instruments (both exchange traded and over the counter). The Fund may hold long and short positions and may also retain amounts in cash or cash equivalents pending reinvestment, if this is considered appropriate to the investment objective. The Fund will adhere to the principle of risk diversification, and has concentration limits applied. It is regularly stress tested and scenario tested to monitor and evaluate risk. AUM reflects the aggregate of the various share classes and is denominated in USD.