Aims to achieve a positive return with a relatively low sensitivity to global equity markets. The Investment Manager will use long and short positions primarily in equities of, and related instruments providing exposure to, companies throughout the world, as well as cash, Money Market Instruments, fixed income instruments and UCITS or other UCIs. The Investment Manager will gain long exposure to those companies deemed attractive while maintaining short exposure to those companies deemed unattractive using a variety of instruments, including financial derivative instruments. Short exposure will only be achieved through the use of financial derivative instruments. The fund may invest its net assets directly in China A and B Shares.