Anlageziel

The sub-fund aims at seeking a consistent, absolute return while placing emphasis on the preservation of capital in the medium term. In order to achieve its investment objective, the Sub-Fund intends to invest at all times at least 51% of its net assets in long and synthetic short positions of equity and equity related securities (including, but not limited to, convertible bonds, equity linked notes, low exercise price warrants and warrants on equities) of issuers, that are incorporated under the laws of, and/or have their registered office in, and/or that derive the predominant part of their economic activity from United States of America, even if listed elsewhere, through pairs relative value strategies.