Description

The fund's core objective is to generate substantial capital appreciation over an extended period, specifically seeking low correlation with the overall U.S. equity market. It pursues this goal by establishing a diversified portfolio of equity securities, utilizing both long (buying) and short (selling borrowed) positions. A key characteristic is that nearly all the stocks held, whether long or short, will be components of the Russell 1000 Index – its benchmark – at the moment the investment is made. This strategy naturally leads to a significant allocation towards large-capitalization enterprises.