As a general and brief overview, LC Equity Fund is is a tactical long/short equity fund with a focus on liquid European equities and equity futures using both alpha and beta sources of return. We are known for putting a special emphasis on risk management and for our focus on generating asymmetrical returns. We express our views through market directional trading positions, momentum and fundamental investing, as well as market-independent stock-specific event-driven positions. We have achieved the ninth consecutive positive year (out of nine) for our European Long/Short Equity fund while producing a strong risk-adjusted return of 12.8% p.a. with a maximum draw-down of 5.3%, no down year and a lifetime Sharpe Ratio of 2.0 since inception in 2005.