The Investment Manager
The Manager consistently seeks to exceed the risk-free rates of return (3-month US$ LIBOR and 3-month US$ Constant Maturity Treasuries) while maintaining lower Standard Deviation and higher Sharpe Ratios than the global trade finance market as a whole (as measured by the LTP Trade Finance Index) and the emerging market country bond markets (as measured by the EMBI+).

In managing portfolios to achieve minimal volatility, quarterly liquidity and consistent yield that are competitive with, or consistently exceed, 1-3 year money markets, the Manager targets the following returns:

a) Yield: 3-month US$ LIBOR + 100bp to 200bp
   
b) Volatility: Sharpe Ratio exceeding:
  1 - Risk-free rates of return (e.g. LIBOR and Treasuries)
  2 - Trade finance market returns (e.g. LTP Index)
  3 - Emerging markets returns (e.g. (EMBI+)
   
c) Non-Correlation: Beta that is:
1 - Less than 0.75 of risk-free interest rate movement (e.g. LIBOR and Treasuries)
2 - Less than 0.50 of trade finance market movement (e.g. LTP Index)
3 - Less than 0.25 of emerging markets movement (e.g. (EMBI+)