Seven Risk

Allocation Fund

Fund Investment Objectives

Seven Risk Allocation Fund offers new asset management solutions through an innovative conception of risk management techniques . The Fund uses extensive and innovative techniques in risk allocation looking for the best equilibrium on asset classes and markets to maximize the return of diversified portfolio in a clear and transparent investment universe: reallocation of the portfolio due to the asset class and their components evolution; use of the best investment supports in each asset class having a maximum liquidity; looking for the best opportunities in global available investment vectors; stable objectives for volatility and draw dawn around 5% and a return target between 7 and 12%; the allocation is optimized through a risk analysis process; constant analysis of the Value At Risk in tactical and strategic levels in order to reach optimal performance/risk ratio. We are able to identify risks through the global Value at Risks matrix in order to give investors a clear and numerical view of the statistical characteristics of the Fund. Incentive fee is 10% over EONIA. The Fund inceptd January 15, 2007.