Stenham Growth Portfolio

(USD)

Fund Investment Objectives

INVESTMENT OBJECTIVE: The Stenham Growth Portfolio is aiming for equity-type returns with lower volatility than the equity markets using a select number of highly-rated independent fund managers. INVESTMENT PHILOSOPHY: To invest in a range of assets, capital instruments, markets and strategies which capture major market movements through the skills of the individual managers. Risk is limited through worldwide diversification and hedged strategies. Emphasis is placed on researching, monitoring and reviewing mangers to ascertain their suitability for blending together to achieve consistent superiour returns wtih low volatility. The assets of the Stenham Growth Portfolio are allocated to equity hedged managers. AUM reflects the aggregate of the various share classes and is denominated in USD.