Kondor Fund SPC - Segregated

Portfolio A

Fund Investment Objectives

Kondor Fund investment objective will be to achieve superior risk adjusted returns, mainly focusing its investments in Brazilian assets, including but not limited to bonds, stocks, currencies, options, interest rates, futures and derivatives. Based on the experience of the principals of the Investment Manager in Brazil market, it is expected that a significant number of investment opportunities will come from this market. Kondor Fund is mainly targeting institutional investors and private clients who expect greater returns in longer-term, understanding the risks involved in emerging markets investments.