Absolute UCITS Strategy Descriptions


Single Manager Strategies


Asia excluding Japan

Funds invested in equities in Asia Pacific countries* excluding Japan, using long/short strategies.
*These include Australia, Hong Kong, China, India, Indonesia, Malaysia, New Zealand, Pakistan, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam.


Asia including Japan

Funds invested in equities in Asia Pacific countries* including Japan, using long/short strategies.


Chinese Equity

Funds invested in equities in the greater China region - Hong Kong, Taiwan and China - using long/short strategies.


Commodities

Funds investing directly into physical commodities..


Convertible & Equity Arbitrage

Funds that invest in convertible securities, normally also taking short positions in its underlying common stock, and using leverage to generate returns from movements in volatility, equity or credit.


Credit

Funds invested in all types of debt instruments other than government debt, i.e. with some credit risk – such as asset back securities, corporate or municipal bonds.


Currency

Funds invested in the currency markets including the spot market, options and forward contracts.


Distressed Debt

Funds investing in the securities of companies currently going through distressed situations i.e. bankruptcy and other corporate reorganizations.


Emerging Markets Debt
Funds invested in debt instruments of emerging markets including Russia and Eastern Europe.


Emerging Markets Equity

Funds invested in equities of emerging markets, including Russia and Eastern Europe.


Equity Market Neutral & Quantitative Strategies

Funds using quantitative methods with market neutral approaches, primarily in equities.


European Equity

Funds investing in European equities, using long/short strategies.


Event Driven

Funds which take positions in companies involved in corporate events, such as mergers, spin-offs, take-overs and ‘special situations’.


Fixed Income

Funds generally investing long and short and with leverage in government bonds but may also invest in corporate bonds and global fixed income securities.


Global Equities

Funds invested in global equities, using long/short strategies.


Japanese Equity

Funds invested in Japanese equities, using long/short strategies.


Japanese Market Neutral

Funds invested in Japanese equity strategies that maintain a market neutral exposure (equally long and short).


Macro

Funds that take long and short positions in various asset classes based on macroeconomic analysis.


Managed Futures

Funds that invest long and short in various asset classes through futures markets, usually with a systematic trend-following approach..


Mixed Arbitrage & Multi-Strategy

Funds with more than one market neutral or relative value strategy that aim to generate profits through arbitraging pricing inefficiencies.


Pan-African Equities

Funds invest in African equities, using a long/short strategy.


Technology

Funds investing long/short specifically in technological equities such as those in the biotech and pharmaceutical sectors.


U.S. Equity

Funds invested long/short in U.S. equities.


Volatility Trading

Funds investing long/short in volatility as an asset class.



Multi Manager Strategies


Arbitrage

Funds of funds that invest in arbitrage related funds.


European Equity

Funds of funds that invest in European long/short equity hedge funds.


European Multi-Strategy

Funds of funds that invest in a variety of strategies investing in Europe.


Global Multi Strategy

Funds of funds that combine a variety of strategies.


Global Equity
Funds of funds that invest in equity funds focusing on global equities.


Managed Futures
Funds of funds that invest in managed futures funds.