Newfoundland Terranova

Master Fund

Fund Investment Objectives

The Newfoundland Terranova Fund is a Pan-Latin American focused long/short equity fund that invests primarily in deep value opportunities and special situations, combining rigorous fundamental security selection with a carefully constructed macroeconomic overlay. By adhering to a strict investment philosophy that focuses on capital preservation, we seek to generate absolute returns with low volatility and low correlation to the performance of developed and emerging market indices. The Fund's investments are generally concentrated in Brazil, Mexico, Chile, Peru and Colombia. In addition to the Fund's Latin American investments, up to 30% of the Fund's gross exposure may be invested outside of Latin America, primarily to arbitrage global market dislocations within the resource and materials sectors. Returns reflect the aggregaite of all share classes