Christian Ferry

Acts as umbrella fund

Thalia is an active manager which utilizes their qualitatively developed vision and methodology to identify fund managers which offer a competitive advantage.^ The firm constructs portfolios based primarily on conviction. They perform qualitative research, complemented by quantitative analysis, risk analysis and control systems to build portfolios with a three to five year view fitting with their clients' overall risk/return profile.^ Thalia follows a bottom-up approach to source and screen hedge funds. Their Portfolio Management team then analyzes the suitability of investments, supported by the Risk Management department, both on the single fund level and on an overall portfolio basis.^ Asset allocation is determined based on market and risk factor analysis.

EFG Laran is an active, multi-strategy investor which manages portfolios across asset classes, regions and sectors through investment vehicles such as money-market funds, bond funds, equity funds, asset allocation funds, fund of funds, fund of hedge funds and institutional funds as well as discretionary accounts and structured products. They also offer discretionary mandates tailored to individual client needs. The firm's primary objective is to achieve capital growth. Their investment strategies are based on a dynamic asset allocation process, which each portfolio manager adapts to specific fund requirements. EFG Laran has specialist expertise in alternative investments, primarily investing in third-party hedge funds which they select following a multi-phase process based on qualitative and quantitative analysis. They select hedge funds across strategies including long/short equity, global macro, event-driven, convertible arbitrage, fixed-income arbitrage and multi arbitrage.