Author-driven fund with a high level of involvement from the manager, Lorenzo Pons Sala, whose replacement would entail a change in the investment policy and grant separation rights to participants.
The fund will have a minimum exposure of 75% to Equities, with no predetermined limits regarding asset distribution by market capitalization, currency exposure, or the countries and geographical areas in which it may invest. Investments in emerging markets are also permitted without any restrictions. The security selection methodology is based on a combination of a top-down macroeconomic analysis and a bottom-up fundamental microeconomic analysis of companies.
The remainder will be invested in Fixed Income and money market instruments, whether traded on organized markets or not, public or private, primarily from OECD countries. The fund may also invest in demand deposits or deposits with a maturity of less than one year, provided they are liquid.
