The investment manager to the fund will be Tiercel Investment Management. The fund advisors will be Johnny Campbell and Robin Garrow, both previously at Scottish Widows Investment Management.
A minimum of 60% of the fund will be invested in large-cap UK equities, with Europe and the US making up the remaining 40%.
The maximum borrowing will be 100% of underlying assets and the maximum net exposure (long or short) will be 20% of the fund's value. Currently longs are matching the short