The Diversifying Strategies team has an established track record of investing in diversifying opportunities, managing a global programme of £1.6bn1. We target asset classes that are lowly or uncorrelated with traditional markets, blending hedge funds with niche / opportunistic strategies. Our hedge fund focus favours dynamic trading styles, avoiding structurally long beta strategies. Outside of hedge funds, we seek to identify niche or thematic opportunities where return drivers are less correlated to public markets, have high barriers to entry and where we believe the manager delivers alpha through sourcing, risk selection and execution. Historically, we have performed diligence on opportunities including royalties, insurance linked investments, distressed and special situations.