Visio funds target positive returns on capital invested, irrespective of market conditions.

The funds are traditionally net long and carry limited derivative positions. Portfolio churn is low and the average holding period for investments in the portfolios exceeds 12 months.

Strategies employed include:

• Individual long and individual short positions
• Particular sector/theme exposures through equities or commodity ETF's
  
• Event driven opportunities - takeovers, mergers and de-mergers, de-listings, etc.
• Correlated and uncorrelated equity pair trades of a medium to long term nature
  
• Listed debt  e.g. corporate and government bonds
• Commodity exposure through exchange traded funds (ETF's)