The fund seeks capital appreciation 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 securities of U.S. and foreign companies.
The team favors companies that are trading at discounts to their estimated intrinsic value.
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.
While the fund does not concentrate in any one industry, from time to time, based on economic conditions, it may make significant investments in certain sectors.
The fund also invests in merger arbitrage securities and the debt and equity of distressed companies.
Also, the fund may invest up to 100% of its net assets in foreign securities and participations in foreign government debt.
However, from time to time, based on economic conditions, the fund may have significant positions in particular countries or regions.