The Fund

Exotic Fund

Established in January 2000, the Fund's investment objective is to capture the large capital gains opportunities available investing in exotic debt instruments. These opportunities will arise usually from potential credit events such as the lifting of an embargo or sanctions, debt restructurings, market-generated demand or countries opportunistically buying back their debt at distressed levels. Primarily a sovereign "event-driven" strategy, the portfolio is also diversified into other restructuring / recovery situations.