Progressive Capital Ptnrs

Ltd (Palm Trend Fund Ltd. B)

Fund Investment Objectives

PALM TREND FUND achieves a substantial capital appreciation over a medium- to long-term time horizon by participating in extensively researched medium-term (average holding period approx. 60 days) trend following strategies across a diversified global portfolio of futures and fx markets with a significant weighting (close to 60%) in commodities. The program can be long, short or neutral in every market traded. As the strategy is trend following in nature, it has historically generated strong returns in trending markets, while it has suffered during periods of choppy and trendless market behaviour. The highly experienced team has been engaged in trading and research since the early 1990's. Maximum capacity is estimated at USD 1.5bn. AUM reflects strategy assets and is denominated in USD.