A Sub-Fund invested in equity and equity related securities (including, but not limited to, warrants) issued by companies incorporated or exercising a prominent part of their business activities in the Japan, as well as any companies which are contained in the major Japan equity indices. The Investment Manager may implement qualitative and/or systematic strategies, including risk-based allocation methodologies to select equity securities and allocate capital across sectors. The Investment Manager is authorized to use financial derivative instruments not only for hedging purposes or for EPM but also as part of the investment strategy, subject always to the limits permitted by the Investment Restrictions described in Section 4. The Investment Manager will use its discretion with regard to the selection of markets, sectors and currencies. The Reference Currency is the JPY.