Grand Haven Capital Market

Neutral Fund

Fund Investment Objectives

This is a market neutral fund based on the Grand Haven Capital Fund which is an active value fund focused on small/mid-caps in Nordic and Northern European countries. It has a concentrated portfolio, high conviction cases, and a 2 - 3 year holding period. It has a 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 Team has experience, knowledge and background suited to finding and developing value.