GFM Levant

Fund

Fund Investment Objectives

The investment objective of the Fund and the Master Fund is to maximise absolute returns at minimum risk. The Fund will seek to achieve its investment objective by investing substantially all of its assets in the Master Fund. The Master Fund will seek to achieve the investment objective by investing, both long and short, in the securities of issuers in South Eastern Mediterranean Region (such countries or territories are referred to in this Offering memorandum collectively as the "Levant Countries" and consist primarily of Turkey, Greece, the Balkans, Middle East and North Africa) or issuers with significant economic exposure to any such countries or territories established elsewhere. The investment brief will also include opportunities to invest in funds and private equity investing predominately in EMEA Emerging Market Countries.