Skyline UCITS Fund - Global long/short EM equities: The fund's primary objective is long term capital appreciation with low correlation to any equity index. The portfolio is spread across a diversified portfolio of long and short investments in companies based in or substantially exposed to emerging markets. The investment process combines deep fundamental research with active gross/net management based on macro risk and global valuations. An edge is generated through the portfolio positioning, earnings arbitrage versus the Street, and stock-specific shorting. Actual inception is August 25, 2011. Minimum investment in EUR 100,000. AUM reflects the aggregate of the various share classes and is denominated in USD.