Octave Equity Fund ("Fund") is a sub-fund of Octave Systematic Fund Plc, a Qualifying Investor Fund domiciled in Ireland. The Fund is managed by Octave Investment Management LLP ("Octave") and trades global liquid equities based on a systematic and fully automated program. Using statistical forecasting techniques, Octave uses models to take exposures to factors. The models take long, short, or no exposure, to factors at any given time, based on each factors' short term expected return. The fund uses proprietary risk management systems and takes a large number of positions, such that the exposure to any single security is small and the overall exposure to equity markets, beta or to any sector is close to zero.