Grand Haven

Capital Fund

Fund Investment Objectives

The Grand Haven Capital Fund is an active value fund which is focused on small/mid-caps in Nordic and Northern European countries. It has a concentrated portfolio of high conviction cases with a typically 2 - 3 year holding period. The fund's holdings offer low balance sheet risk and deep value. * Research intensive event-driven stock picking and understanding of the path to value improvement * Non-confrontational active engagement with companies * Limited use of leverage The management team has experience, knowledge and backgrounds suited to finding and developing value. The fund offers a market neutral share class which is totally uncorrelated to the equity markets and which offers lower volatility as well.