The Board of OWIL determines investment guidelines and restrictions in
conjunction with the investment manager, these together with the investment
managers reports are reviewed at the OWIL board meetings.
OWIL - Investment strategy
The investment strategy agreed with the Company’s investment managers is to maximise the total return on assets, by investing in a portfolio of diversified assets including global equities, fixed income and alternative assets with a particular emphasis on emerging markets. Investments are intended to add value over the medium to longer-term through a non-market correlated, conviction based investment style
Investment management fee
The investment managers receive an investment management fee based on the valuation of the funds under management and an annual performance fee of 10% of the annual performance which exceeds the benchmark and provided that the high water mark has been exceeded. The investment management fee is an annual rate of 1% payable monthly in arrears. The performance fee is measured against an absolute benchmark derived from the one year USD LIBOR, prevailing at the commencement of each calendar year plus 2%.
