Episode Inc.

Fund Investment Objectives

The Fund invests in a variety of listed futures contracts and currency forwards. The Fund may also invest in over the counter derivatives and securities. The Fund takes a global macro approach to investing using equity, fixed income and foreign exchange across both developed and emerging markets. The Fund's investment process targets absolute returns in all market conditions by seeking to exploit asset class and geographical mis-pricing in the medium-term and episodes of excess volatility within such medium-term themes.