The fund will invest predominantly in a range of commodity derivate related instruments, principally comprising of futures and other commodity linked derivatives. The fund will not acquire physical commodities directly
Primary focus on relative value and directional trading opportunities within the agricultural commodity markets
An active approach to portfolio management will be implemented
A combination of fundamental research, quantitative and technical analysis will allow for superior performance through identifying both short and long term trading strategies
The research process combining top down analysis of global conditions with bottom up analysis of individual commodity markets, all with the aim of identifying trends and resulting opportunities
Fundamental analysis forms a core component of the investment process to which quantitative, technical and sentimental analysis are combined to achieve optimal returns over time
The fund will employ leverage and engage in short selling.
Investment Objective and Risk Considerations
The funds investment objective is to generate growth over the investment horizon through investment in commodity related instruments
The funds has a benchmark of LIBOR + 5% as well as a High Water Mark
Investment in commodities may cause the fund to experience volatile returns due to market risk from the changing value of the underlying assets
The funds performance may further be impacted by a combination of geopolitical, macro, currency translation and interest rate risk
Risk is monitored daily
Exposure guidelines have been set as per the POM which ensure the fund will not become overexposed to individual trades and commodities.