The Quaesta Capital Global Opportunities Strategy is a discretionary diversified macro program that invests in global equity, fixed income as well as, on an ancilliary basis, in currency and commodity markets with the objective of capital appreciation. Investments may be made either directly or indirectly using financial derivative instruments such as, without being limited to, swaps, options, forward and futures. The Investment Process follows a structured and disciplined analysis of the fundamental developments in the global economic and political landscape combined with a thorough selection of pre-identified investment possibilities based on qualitative and quantitative analysis. Investments are predominantly made with a medium to long-term time horizon. Note: performance until and including December 2012 are audited and net of fees; figures post December 2012 are actual fund performance.