The first fully regulated FoF dedicated to Alternative Assets Content The Emerald Team page 3 General Partners page 4 Service Providers page 5 Why Luxembourg page 6 The Challenge page 7 The Opportunity page 8 The three pillars of our investment philosophy page 9 Fund Manager Selection page 10 Fund Manager due diligence page 11 Why a Fund of Funds? page 12 Back testing page 13 Expected Allocation page 14 Summary page 15 Contact information page 16 Confidential - Not for public use 2 The Emerald Team The Emerald Diversified Fund of Funds team has the capability and expertise to provide investors with the optimal results combined with a piece of mind. There are few role players to enhance security and performance The general partners The general partners do the overall asset allocation and investment decisions. They are advised and guided by the Fund Advisor and the Risk Manager. Confidential - Not for public use Custodian / Administrator / Paying Agent Société Générale Bank & Trust Auditor Deloitte Luxembourg Legal Advisor Baker&Mckenzie Regulator in Luxembourg CSSF Risk Manager Nova Capital Emerald Diversified FoF General Partners Emerald Managements Sarl Investment Advisor Inoks Capital 3 General Partners Mr. Boaz Alpern is the Co-founder & CEO of Emerald Alternative Investments Group Ltd. Prior to that Boaz served in several investment management positions mostly with Institutional investors. Boaz is holding a MBA in finance from the Hebrew University in Jerusalem, and a Bachelor degree in psychology from the Hebrew University in Jerusalem. Mr. Xavier Deu, currently Chief Marketing Officer of Carlisle Management Company. Worked in the USA as wholesale distribution, futures and options trader, and risk management. In Europe, has been involved in securitization, private Equity consulting and Alternative Asset Management. Xavier is an Economist from the UAB of Barcelona and holds a MA in International Finance and Economics from Brandeis University in the USA. Mr. Paul Hunt owns an advisory company distributing funds to the wealth management market globally. Paul started his financial services career in 1987 working as an investment broker in Guernsey. He then worked as an investment manager for Lloyds bank in Guernsey for several years before moving to Europe to take up a position as regional manager of a large offshore insurance company. Adv. Michael Shmuelevitz is Co-founder & Chairman of Emerald Alternative Investments Group Ltd. with Mr. Alpern. Michael has an experience of over 12 years in offshore investments specializing in unique, non market correlated investments in the global arena. Michael is an advocate of the Supreme Court in Israel for over 25 years. He holds LL.B. degree from Tel Aviv University, LL.M. from University of Natal, Durban South Africa. Confidential - Not for public use 4 Service Providers Depositary Bank, Central Administration Agent, Registrar and Transfer Agent: Société Générale Bank & Trust • Part of one of the leading financial European groups and leading specialist bank in Luxembourg, will provide to the fund all the services required to have independent and professionally managed accounts for the Fund’s investors. Auditor: Deloitte Luxembourg • Among the Big 4 Audit firms globally and Top 3 in Luxembourg. Will audit the fund annually, at the end of each year. Legal Advisor: Baker&Mckenzie • Baker&Mckenzie is a global law firm, with a presence in over 46 countries, being one of the leaders in Luxembourg and in the fund management industry. Fund Advisor: INOKS Capital • An independently-owned alternative investments house based in Geneva and has been active in structured trade finance since its creation in 2004. INOKS Capital has been involved with commodities from its first days of existence and never deviated from that core focus since then. Risk Manager: NOVACAP • An independent management company authorized and regulated by the Commission de Surveillance du Secteur Financier in Luxembourg. Nova Capital provides for risk management services, to their clients, and is approved by the regulator in Luxembourg, CSSF. Confidential - Not for public use 5 Why Luxembourg? 1st European Fund center and 2nd global Fund center. Luxembourg regulation offers the best investor protection in the world. Flexible investment structures offering best quality to investors. Proved know-how and track record in designing efficient regulated fund and investment vehicles. A wide range of specialised service providers for the funds industry. Political and economic stability with a significant role in shaping the EU. Established financial centre with long-standing experience in fund administration and asset management. Modern legal, regulatory and tax framework. Efficient supervision of the financial sector. Highly qualified, multilingual workforce. Confidential - Not for public use 6 The Challenge Low interest rates. Investment portfolios have a high degree of volatility. All traded financial instruments are highly correlated. The challenge is to create a fund that generates returns uncorrelated to traditional financial markets, with low volatility Confidential - Not for public use 7 The Opportunity In recent years institutional investors have been moving from traditional investments (such as stocks and bonds) into alternative investments, mainly for: Diversification Volatility management Return potential • New exposures and opportunities and therefore reduction of risk • Low correlation to traditional investments • Returns are higher, and alternative investments have performed well during market crisis Confidential - Not for public use 8 The three pillars of our investment philosophy 1. 2. 3. Trading finance funds Any portfolio should have an allocation to non-market correlated assets. This allocation should include various funds, uncorrelated to each other in their core business. These funds demonstrate attractive aspects of the alternative investments spectrum and present different high quality managers. Confidential - Not for public use Green SRI Funds Various asset classes / fund categories Structured Credit funds Property related funds 9 Fund Manager selection Qualitative Assessment: • We select a group of asset managers for each asset class, in order to understand their value-added Quantitative Performance Metrics: • We run several data metrics to understand his return/risk profile for the asset class Portfolio Fit: • Fund’s strategy and risk/return must fit within our existing portfolio Confidential - Not for public use 10 Fund Manager due diligence Analyse fund or company track record Review of full documentation Reputation and character Investment process and risk management In-depth review of manager Administrative and internal controls Reporting and transparency Manager due diligence write-up Industry and country knowledge Investment committee approval Confidential - Not for public use 11 Why a Fund of Funds? A Fund of Funds serves as an investors proxy, performing professional due diligence, manager selection and oversight over the funds in its portfolio. Individual Investors Professional Due Diligence on Funds Emerald Diversified Fund of Funds Within a Fund of Funds it is possible to achieve asset and manager diversification, on a small investment compared with direct purchase of funds. It is a "one stop shop“, which includes a variety of funds, representing various aspects in this cosmos of alternative investments. It is simpler to purchase and hold, having the benefit of active and professional management, which will adjust and monitor asset allocation and risk Confidential - Not for public use 12 Back testing Emerald Diversified FoF vs. benchmark indexes 130.00% 125.00% 120.00% 115.00% 110.00% 105.00% 100.00% 95.00% 90.00% UCITS alternative Index Fund of Funds Confidential - Not for public use Barclays Fund of Fund Index Emerald Diversified FoF Portfolio average retun 13 Expected Allocation 10% 10% 50% 10% Cash Property related Green SRI 20% Confidential - Not for public use Structured Credit Trade Finance 14 Summary A Fund of Funds dedicated to the cosmos of non-market correlated investments. The small print Diversification across the spectrum to reduce risk and enhance performance potential. Annual performance fee: 20% Highly respected regulated environment in Luxembourg. Annual management fee: 2% Hurdle rate: 8% HWM High quality partners (Administrators, Custodian and Accountant). Independent risk manager and fund advisor. Robust Due Diligence process and continuous professional monitoring No leverage intended. Expected target return of 7% - 9% p.a. net of all fees. Confidential - Not for public use 15 Contact information Paul Hunt Boaz Alpern +32 496520624 +972 526304849 Class Name ISIN A LU0999629255 I LU0999629412 [email protected] This presentation is intended to be for information purposes only and it is not intended as promotional material in any respect. Reliance should not be placed on the views and information in these presentations when making individual investment and/or strategic decisions. A fund’s investment objectives, risks, charges and expenses should be considered carefully before investing. This document contains information in summary form only and its accuracy or completeness cannot be guaranteed. No liability is accepted for any loss of whatsoever nature arising from the use of this information. Application for units in this fund may only be made on the basis of a prospectus relating to the fund and this document may only be distributed to those eligible to receive that prospectus. The distribution of this document may be restricted in certain jurisdictions and it is the responsibility of any person or persons in possession of this document to inform themselves of, and to observe, all applicable laws and regulations of any relevant jurisdictions. The prospectus contains this and other important information about the Fund of Funds. To obtain a prospectus free of charge, call Société Générale Bank & Trust, 11 avenue Emile Reuter, L-2420 Luxembourg. Please read the prospectus carefully before investing or sending money. Confidential - Not for public use 16
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