The investment objective of the Fund is to seek total returns above a cash benchmark over the medium to long term, investing in a diverse range of global asset classes while employing a disciplined multi-layered risk management process. The Investment Manager will actively manage the Fund, focusing on generating returns through the implementation of four key strategies: Diversification: Diversify allocations across asset classes and macro risk factors, while employing a disciplined risk allocation process to all positions. The Investment Manager believes that different asset classes perform better in certain market environments such as growth, low growth, inflation and stagflation. The Fund seeks to invest in a diverse set of assets, directionally matched to these environments, for example increasing allocations to government bonds in an environment of low growth and low inflation, or to equities during periods of high growth with moderate inflation. The aim of these diversification processes is to help increase the portfolio's resilience to market uncertainty. The investment universe will be broad, encompassing traditional asset classes (such as equities and fixed income securities) as well as gold (indirectly, via ETFs, futures, or commodity funds). Investments will primarily be made through the purchase of listed securities. Derivative instruments may be used for the purposes of hedging existing positions, efficient portfolio management, optimising returns or a combination of such purposes.