The Fund seeks to achieve a positive absolute return. It will seek to gain at least 70% of its investment exposure through equities and equity-related securities of, or giving exposure to, companies incorporated or listed in the United States, Canada and Latin America. The Fund will be highly diversified across the universe of equities in the Americas, whilst seeking to minimise net exposure to underlying equity markets within the region.The main strategy used is a market neutral strategy. This means it uses derivatives (synthetic short or synthetic long positions) to reduce or mitigate the directional market risk.