During a recent presentation, Steve Waddington, Fund Manager of the Vilhena UK Multi-Manager Fund, the US Multi-Manager Fund and the European Multi- Manager Fund, stated: “The Multi Manager Funds, also known as a one-stop shop investment strategy, are designed to make an investor’s life easier by bringing together a range of specialist managers into a single fund.” He added that, “These investment vehicles provide investors with a broad exposure to the skills of different investment houses which are continuously seeking opportunities and diversification as well as aiming for exceptional performance.”

Mr Waddington went on to explain, “The aim of a Multi-Manager strategy is to add an extra layer of diversification by segmenting a portfolio and outsourcing its management to individuals who have been identified as having proven experience in a particular area thus benefiting from adopting different approaches and different styles to investing”.

Managed by Valletta Fund Management Limited (“VFM”), the Vilhena range of regional Multi-Manager Funds, which as at 31 July 2012 had a total fund size of over €33 million, provide investors with indirect access to a range of equity funds in three main regions − Europe, United States and United Kingdom. The Vilhena Multi-Manager Funds aim to achieve long-term capital growth by investing predominantly, though not exclusively, in units of Collective Investment Schemes which invest in any sector of the economies of their respective regions and are accessible through a lump sum investment of €1,500, US$1,500 or £1,000 in the funds of their respective currency, or a monthly investment of €50, US$ $50 or £30.

Insight Investment (Global) Management Limited (“Insight”), a BNY Mellon Company that is currently responsible for £170 billion of assets, is the Sub-Investment Manger of the Vilhena range of Multi-Manager Funds, as at 31 March 2012 − represented by the value of physical securities and present value of liabilities subject to hedging strategies.