Dexion Absolute Ltd (DXALF/DXALF.PK) Wrap Up:

Dexion Absolute Limited is a closed-ended balanced fund of hedge funds launched by Dexion Capital (Guernsey) Limited. It is managed by Harris Alternatives LLC. The fund invests in portfolio of hedge funds diversified by investment strategy, style and manager across the globe. It seeks to invest in funds that employ a combination of fundamental analysis and quantitative analysis with a mix of top-down and bottom-up stock picking approach. The fund makes its investments with a focus on the return expected from a given strategy, the risk or probability of a significant decrease in value of the investment, the marketability of the securities involved, the extent to which the performance of the strategy correlates with other strategies, the type of investment or economic environment that will affect the particular strategy, and the cost of implementing the strategy, including transaction costs and fees. It benchmarks the performance of its portfolio against the HFRI Fund of Funds Index, MSCI World Index Gross (TR) Index, and the JPM Global Government Bond Index (TR). The fund conducts in-house research to select the managers by interviewing potential candidates regularly. Dexion Absolute Limited was formed on December 19, 2002 and is domiciled in Guernsey.