Fornex LTD (Foyle Capital

Management)

Fund Investment Objectives

FOYLE CAPITAL MANAGEMENT: The Managed Account Program aims' to achieve above average absolute returns with strong emphasis on risk control and trade management. Investment Strategy The Strategy is manual based discretionary trading primarily in Major cross rates. Trades are pro-trend with fundamental analysis and technical analysis working in parallel. Entry and exit points are driven by a range technical and sentiment indicators on shorter timeframes. At the core of our technical suite is Ichimoku Cloud analysis used in conjunction with Support and Resistance levels, Chaos theory and Market Timers. Trades are taken using single leverage [1:1] with multiple legs depending on market conditions and volatility. The Strategy aims to return over 5% gross average monthly returns with 10% downside risk. Trading is 100% Discretionary, manual execution only.