Corto European Fund Ltd.

Class EUR

Fund Investment Objectives

The investment objective of the Corto European Fund is to achieve superior long-term capital appreciation combined with a degree of downside protection. The Corto European Fund will seek to identify attractive investment opportunities, both long and short, across a broad range of European industry sectors and countries using a stock-picking approach. The Corto European Fund will primarily, although not exclusively, invest in the ordinary shares and related instruments of European small- to mid- capitalization companies.