Investment Objective
The Fund aims to provide capital growth, over the long term. The Fund invests globally in a diverse portfolio of investments which gain exposure indirectly to alternative asset classes such as private equity, infrastructure, property, commodities and hedge funds. The Fund is actively managed with reference to the Consumer Price Index as this forms the basis of the Fund’s performance target. The investment manager has complete discretion to choose investments for the Fund.
Latest Meeting Note
Meeting 27 Jun 2022
The strategy seeks to provide investors with a diversified portfolio of alternative assets such as hedge fund strategies, private equity and commodities, with the overall fund having low or modest correlation to movements in equity and b...
The strategy seeks to provide investors with a diversified portfolio of alternative assets such as hedge fund strategies, private equity and commodities, with the overall fund having low or modest correlation to movements in equity and bond markets. Within the current environment the team are most bullish on hedge funds, renewable energy funds and property. On hedge funds, the team see the higher volatility environment we’re in to be creating opportunities for unconstrained managers, with the fund having a bias towards uncorrelated and ‘long vol’ profiled strategies. They see the renewable energy attractive due to the government-guaranteed, inflation-linked revenue component, whilst the current conflict in Ukraine will further accelerate the growth of this space. Whilst within the property sector the team are targeting funds with clearly defined reasons for sustained demand and stable cash flows.
Performance
| JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.1 | 1.0 | 0.6 | 0.1 | 0.7 | 0.2 | 0.7 | 0.4 | 0.5 | 0.5 | 0.1 | 0.1 | 0.7 | |
| 2023 | 0.4 | 0.8 | 0.9 | 0.4 | 0.7 | 1.0 | 0.7 | 0.0 | 0.9 | 0.8 | 0.5 | 0.6 | 0.5 |
