In addition, the Fund aims to provide an overall return of 2 - 3 per cent above the London Interbank Offered Rate (LIBOR) 90 Day (GBP)
over a
full market cycle (being 3 - 5 years) after management
fees are deducted.
The firms will be evaluated on their performance, after
fees, against the portfolio benchmark (Barclays Capital US Aggregate Bond Index)
over a
full market cycle of highs and lows at an acceptable level of risk.