Abraxas Fund

Limited

Fund Investment Objectives

The Fund is discretionary global macro fund, macro views are implemented with short dated options to achieve a long gamma profile. The main priorities of the Fund are portfolio liquidity and capital preservation. The Funds target markets are G7 government bonds, FX and major equity indicies. The Fund adopts a macro strategy aimed at exploiting event-related market dislocations through the use of out-of-the-money options. This strategy benefits from a low risk profile with the potential of high returns.