WF Asia Fund The objective of the Fund is to generate consistent absolute returns with low volatility, using primarily a long/short Asia-Pacific equities strategy. The Fund generally maintains broad geographic and industry diversification while employing limited leverage. Derivatives are used selectively for hedging purposes. Investment selection is based on rigorous fundamental analysis using methodologies focused primarily on valuation, market positioning, and management quality. The investment process is characterized by primary research and proprietary analytical work. We also aim to develop constructive relationships with the management of the companies in which we invest. WF Japan Fund The objective of the Fund is to generate consistent absolute returns with low volatility, using primarily a long/short Japanese equities strategy. The Fund generally maintains broad industry diversification while employing limited leverage. Derivatives are used selectively for hedging purposes. Investment selection is based on rigorous fundamental analysis using methodologies focused primarily on valuation, market positioning, and management quality. The investment process is characterized by primary research and proprietary analytical work. We also aim to develop constructive relationships with the management of the companies in which we invest. WF Asian Smaller Companies Fund The objective of the Fund is to generate absolute returns, using primarily a long/short Asia-Pacific equities strategy with a focus on smaller companies (equity value below US$1bn). The Fund generally employs limited leverage, maintains a relatively high level of portfolio concentration, and is long-biased. The Fund aims to maintain broad geographic and industry diversification, while using derivatives selectively for hedging purposes. Investment selection is based on rigorous fundamental analysis using methodologies focused primarily on valuation, market positioning, and management quality. The investment process is characterized by primary research and proprietary analytical work. We also aim to develop constructive relationships with the management of the companies in which we invest. WF Asian Reconnaissance Fund The objective of the Fund is to generate absolute returns, using primarily a long/short Asia-Pacific equities strategy. The Fund focuses on emerging growth companies, both listed and unlisted, that are frequently liquidity-constrained and/or underserved by capital markets. In order to increase investment opportunities in these types of companies, the Fund may invest in private equity and structured products, including convertible debt with equity components. The Fund generally employs limited leverage, maintains a relatively high level of portfolio concentration, and is long-biased. The Fund aims to maintain broad geographic and industry diversification while using derivatives selectively for hedging purposes. Investment selection is based on rigorous fundamental analysis using methodologies focused primarily on valuation, market positioning, and management quality. The investment process is characterized by primary research and proprietary analytical work. We also aim to develop constructive relationships with the management of the companies in which we invest. If you would like to learn more about Ward Ferry funds please feel free to Contact Us.