The Fund aims to achieve its objective by opportunistically selecting stocks from around the globe with a high degree of flexibility.

The Fund will have no geographic, capitalisation or industry constraints and will be managed within a KENNOX framework. The strategy will be indifferent to commonly used benchmark compositions and weightings, and may hold cash or bonds when there are a lack of suitable investments that meet the Fund’s strict valuation criteria.

KAM will focus on investments that have a strong long-term franchise, purchased at a discount to their assessment of fair value. Scores of investments will be considered, many researched, but few added to the portfolio. Patience, low turnover and rigour will be the hallmarks of this Fund.