Equinox Russian

Opportunities Fund LTD

Fund Investment Objectives

Equinox Russian Opportunities Fund invests in listed securities of the CIS. Equinox seeks to achieve superior absolute returns through a long-biased opportunistic investment strategy. It is a primary concern of the Fund to preserve its capital. The Fund focuses on value investment, event-driven and special situations, capital structure arbitrage, restructuring and consolidation plays. The investment style involves a concentrated portfolio of long-term holdings, and the Fund being an active shareholder.