It runs a diversified, primarily directional, portfolio focussed on developed markets with opportunistic allocations to emerging markets.
The fund typically has a 90/10 split by risk between core industrialised developed market interest rates and emerging markets. At times exposure to emerging markets may be zero or negative. The return target net of fees is Libor plus 15% a year.
The week on Risk.net, May 12-18, 2018Receive this by email