Investment Objective

The investment objective of the manager is to deliver superior returns over the medium term within acceptable risk parameters while preserving the company's capital.

This objective is best achieved by maximising the embedded value of investments held in the fund and by accessing additional funds on attractive terms through short selling. If securities cannot be purchased below fair value, shareholder's funds will be retained in cash. 

As the company employs an active balance sheet structure, ALF is targeting superior returns to a traditional fund.