The fund seeks to provide total return by investing in companies across any size outside the United States.
The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.
Next, the research team invests in both equity and fixed income securities, including money market securities and other short-term securities or instruments, of issuers located around the world.
In selecting securities for the portfolio, the research team focuses on long term trends and changes that could benefit particular markets, industries and/or issuers.
Additionally, when selecting the markets, the team considers factors such as the rate of economic growth, natural resources, capital reinvestment and the social and political environment.
Also, as part of the process, the team utilizes short positions.
Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.
Generally, the fund is diversified across markets, industries and issuers. The fund may invest in developed and emerging markets, including frontier markets.
The fund may also invest in real estate investment trusts, and in debt securities of any maturity or duration.
Additionally, the fund may utilize derivatives, including options, futures, swaps, credit default swaps and forward contracts, both to seek to increase the return of the fund and to hedge the value of its assets against adverse movements in currency exchange rates, interest rates and movements in the securities markets.
The fund may hold a portion of its net assets in cash or cash equivalents.
In addition, the fund may invest up to 25% of its net assets in Cayman GA Dynamic Equity Fund, Ltd. a wholly owned subsidiary of the fund, which invests primarily in commodity-related instruments.