The investment objective of the Fund is to generate stable income and long-term capital growth. The Fund will seek to achieve the investment objective by investing in a diversified manner in insurance linked investments all over the world, the value of which depends on the occurrence of insurance events (e.g. natural disasters, man-made risks, property, aviation, marine and longevity / mortality risks). Investments may be in the form of securities, collateralized reinsurance contracts (CRI) or derivatives. Securities have a coupon and / or principal amount the payout and performance of which is linked to insurance events. CRI provide exposure to insurance-linked risks through contracts similar to swaps whose performance is linked to insurance events. Although the use of derivatives may lead to additional exposure, any such additional exposure will not exceed the net asset value of the Fund. The Fund has no geographic focus. The Fund may invest in derivatives (financial instruments derived from other securities or assets) for hedging purposes, efficient portfolio management and / or investment purposes.