Global Fund Exchange Profile

8/3/2019 Global Fund Exchange Profile

1/20


2/20


3/20

Our thematic investment universe 3

Contents

Earth Wind & Fire Fund 4

AquaTerra Fund 6

Why invest in multi-manager funds? 7

Why invest in energy and natural resources? 8

Key people 9

Risk management 11

Investment strategy Q & A 12

Due diligence process 14

Additional information 16


4/20


5/201

We are at the forefront of a worldwide dynamic change.The Energy Revolution will make a lasting difference forgenerations to come and will bring economicopportunities that are far greater and more far reachingthan anything that we have ever seen in the past.

Lauralouise Duffy, CEO


6/20

CleanEnergy

Solar

Wind

Hydro

Building & GridEfficiency

Waste toEnergy

Geothermal

Biofuels

Energy

Oil

Coal

Gas

IntegratedUtilities

RefiningServices

Exploration &

Production

NaturalResources

Mining &Exploration

Precious &Rare Earth

Metals

Timber &Paper

EnergyCommodities

Agriculture

Commodities

Water

Infrastructure

WaterTreatment

Water Supply

Water Utilities

Waste toEnergy

Waste

Management

Agriculture

WheatSoybean

Corn,CottonSugar

Biofuel &Edible Oil

Agribusiness

Agri Science

Land &Farming

Fertilizer

Forestry

3

Our thematic investment universe


7/20

The EARTH WIND & FIRE Fund is an actively managed, global macro, multi-strategy, multi-manager investment fund focusing on the future of energythrough 8 segregated portfolios: clean energy, water, agriculture, energy,

natural resources, carbon, systematic trading and hedging.

Our broad spectrum approach to investing across the entire energy grid allowsus to diversify our strategy by geography, sector, asset class and themes. Thefund aims to provide our investors with an opportunity to participate in themega macro opportunities around the globe across the entire energy and

scarce resources spectrum while significantly reducing the extreme volatilitynormally associated with these markets.

4


8/20

We must protect and respect our planet. We have entered into a newera of social and environmental awareness, one that will support thesustainability of our energy, water and critical resources and preservethem for generations to come.

Lauralouise Duffy, CEO5


9/20

Investing in the future of our planet and the most compelling fundamental mega macro trends

facing our world. This prudently managed multi manager fund harnesses the collective expertiseand resources of some of the world's premier niche managers focused on the growing

agriculture, water and scarce natural resources sectors.

6


10/20

Tactical asset allocation to global niche experts in their field

Invest in emerging managers that outperform behemothinstitutions

Macro sector rotation: overweight positive themes,underweight unfavorable sectors

Deep due diligence: Qualitative, Quantitative, Forensic &Operational

Only work with top-tier counterparties & service providers

Respected Administrator & Custodian mitigate any disasteror fraud risk

Investment pool diversified by asset type, strategy, sectorand geography

Strategy aims to reduce risk and downside volatility

Capture alpha through portfolio and strategy diversity Low correlations between portfolios drastically reduces

drawdowns

Low correlations to most hedge fund, equity & commodityindices

Since January 2007 portfolio achieved 79% positive months

Easy to invest and track performance of one product thatgives access to a diverse group of niche boutique specialist

managers around the world Provides access to funds that are closed or have investment

minimums in the millions

Why invest in multi-manager funds?

Ease OfAccess

Alpha

Generation

ReducedRisk

ReducedVolatility

ReducedDrawdown

ReturnConsistency

7


11/20

Over the next 20 years

1.4 billion projected increase in

population

100% projected increase in real income

Disproportionately increasing demand

for energy, water, natural resources

Relatively inelastic supply

Forces up prices, increases investment,

provides opportunities

Weather & climateanomalies

Population growth of79 million people/year

Rapid industrialization &urbanization of emerging

markets

China, India & developingworld natural resource

consumption

Peak Oil vs. Peak Cheap Oil

Population and income growth the two most powerful forces behindrising global demand for energy, water and natural resources.

7

Why invest in energy and natural resources?

Global shift towards lower

carbon energy & CO2 use

8


12/20

ANRIC BLATT

Chairman

Group Chairman since establishment in 2005

Principal activities: strategy allocation, portfoliomanagement, manager research, due diligence,

new product development & structuring

Experienced specialist investor in energy, hedge

funds, systematic trading and commodities

Successfully built a number of multi-manager

fund management companies over past 15 years

LAURALOUISE DUFFY

CEO

Diverse 20 year career in finance and hedge funds

Experience across multitude of asset classes, both

emerging & developed markets

Extensive background in risk management,

manager due diligence, legal, compliance,

product structuring and development, and hedge

fund operational management

JIM MOORE

Director

Distinguished career in finance spanning almost

40 years

Holds one of Wall Streets longest multi-manager

track records

Early pioneer of both discretionary andsystematic commodity trading

Extensive risk and return management skills

Special forces veteran

MICHAEL LEITH SMITH

Director

Over 40 years experience in the international

financial and business community

Extensive directorship experience

Versatile and far-reaching skill set

Wide-reaching global network

ANRIC BLATT

Chairman

New York, USA

+1 212 570 7970 x 5603

[email protected]

LAURALOUISE DUFFY

CEO

New York, USA

+1 212 570 7970 x 5601

[email protected]

JIM MOORE

Director

New York, USA

+1 212 570 7970

[email protected]

MICHAEL LEITH SMITH

Director

Frankfurt, Germany

+49 173 948 993

[email protected]

Key people


13/20

NICHOLAS YEAGER

Chief Information Officer

Head of Quantitative AnalysisNew York, USA

+1 212 570 7970 x 5599

[email protected]

HEINI BERETTA

Portfolio Research Analyst

London, UK

+44 (0) 7798 855 858

[email protected]

LORRAINE KIMMEY

Financial Comptroller

New York, USA

+1 212 570 7970 x 5602

[email protected]

APRIL LERNERResearch Analyst

New York, USA

+1 212 570 7970 x 5598

[email protected]

NICHOLAS YEAGER

Chief Information Officer

Head of Quantitative Analysis

Dynamic 13 year career at the cross section of

technology and finance

Experience in quantitative portfolio optimization

and risk management

In depth knowledge of computerized trading

systems, execution platforms,

Specialist in secure IT infrastructure &

communications, disaster recovery and data

retention

HEINI BERETTAPortfolio Research Analyst

Sources new European based investment

opportunities

Conducts manager due diligence

Worked for over a decade with alternative

investments and complex derivatives at GAM,

Crdit Agricole & Lazard

Certifications include: Securities and Financial

Derivatives Representative, Investment

Management Certificate Member of CFA UK

LORRAINE KIMMEY

Financial Comptroller

Over 30 years of experience in the banking and

finance industry

Responsible for the auditing of trading and

settlements

Day to day financial oversight of Global FundExchange companies worldwide

APRIL LERNER

Research Analyst

Joined team in 2008 to specialize in global

energy and resources sectors

Holds a B.A., magna cum laude, from Amherst

College

Research background in energy, environmental

economics, renewable energy

Honors thesis recognized by the Doshisha

University, Kyoto, Japan

1110


14/20

Allocation never exceeds 10% of underlying managers AUM

Only invest in funds with a diverse investor concentration

Avoid funds that lack reasonable liquidity All assets are held in custody of independent custodian and externally administered

Investment team follows strict order execution process electronic draft entered,

approved by firm principals, final execution by independent custodian

Risk Management Guidelines

Macro strategy implemented through top-down strategic approach

Asset class, geography, sector, strategy diversification without dilution

Rigorous profit taking avoid compressed risk by sector outperformance Deep qualitative, quantitative and forensic study of underlying portfolios and

advisors

Asset Allocation

Liquidity is always considered before making an investment

Liquidity of our portfolios is calculated monthly to ensure we can deliver

Liquidity transparency is made available to our investors

No leverage applied at fund of funds level.

Liquidity

All portfolios subject to grueling stress tests

Monthly portfolio optimization and advanced algorithms used to compare invested

vs. on-deck vs. watch list assets Proprietary database of hedge funds, market indices and ETFs updated monthly

Data used to test various portfolio scenarios and investment weightings

Monthly Risk and Rank report review of invested funds and >100 watch list funds,all of which we have relationships with and are potential investments

Weekly estimates of all invested funds to better monitor short term correlations,estimate to final performance variance and force weekly contact with all managers

Quantitative Analysis

Both scheduled and surprise on-site visits required prior to investment

Investment team and operational staff are interviewed several times

Qualitative team analyzes each potential fund, produces a detailed report and

assigns investment grade

Complete background check on all key people conducted using premier security

forensic research consulting firm

Full audit and verification of all fund counterparties in order to virtually eliminate

counterparty risk

Qualitative Analysis

Risk management

11


15/20

Investment Strategy Q&A

Global policy changes, stimulus spending, subsidy programs, legislation emissions andfuel restrictions are being implemented in developed and developing countries alike,

opening new opportunities for both emerging energy and cleaner forms of traditionalenergy. Cash-flow rich integrated energy companies, sovereign wealth funds, pensionfunds, utilities and technology companies worldwide are spending vast amounts of

money in the energy, commodity and natural resources sectors right now.

What is driving new opportunity in this space?

Every person needs the vital resources of energy, water and food. The stress on theseassets due to population growth, industrialization and finite / declining resources has

created a MUST outcome for the planet. At the same time, every developed country inthe world is focused on how to provide energy and food security for its people. Everymajor corporation in the world is focused on the business opportunity and how to be a

part of it. We recognize that these sectors represent the mega macro trends for the next

decades and beyond.

What first drew you to this strategy?

Our investment direction is primarily driven by our extensive macro research. We focuson large, long term profit opportunities brought about by increasing demand for energy

and commodities, fuelled by increasing population and accelerated industrialization ofemerging economies. We track and capitalize on investment themes brought about by

global policy shifts, legislation and stimulus. We closely monitor the flow of capital intothese sectors.

How do you identify opportunities?

Our portfolios are weighted accordingly across our three primary sectors:

Equity sensitive strategies (predominantly long-biased):

clean energy, water, agriculture

Commodity sensitive strategies (demand and policy sensitive):energy, natural resources and carbon & emissions

Alpha/Trend sensitive strategies (showing negative bear market correlation to

equity sensitive strategies):systematic traders, uncorrelated hedges, cash and equivalents.

Describe your typical allocation strategy.

We allocate capital to sectors that show the most potential, while taking profits orreducing allocations to sectors that have already experienced significant outperformance.

The size of an allocation is impacted by the underlying managers ability to deploy capital

profitably, manage risk and downside volatility. If our research indicates uncertaintimes ahead for a particular sector, we proactively limit our exposure, and redistribute

capital to sectors that show more promise. Sector allocations and weightings are alsolimited by our risk management policies. Positions are sized according to expected and

realized volatility.

How do you determine sector weights and allocation sizes?

12


16/20

The World Water Council warns that humans are extracting fresh water atrates up 100x the natural replenishment rate. Water and energy areinextricably linked and so are the investment opportunities associated withtheir scarcity.

Anric Blatt, Chairman


17/20

Complete legal document review Verification of service providers Worst case scenario liquidity analysis Investigation of side pockets, side letters

Is this a sensibly conducted business? Compensation structure Focus on references Threading key people

PEOPLEThe Organization

Ownership Structure

Philosophy

Reputation

Key Man

PROCESSInvestment Strategy

Risk Management

Decision making

Operations

PERFORMANCETrack record

Financial StatementsIndependent verification

Regulatory reports

PORTFOLIOUseful Transparency

Value add to subportfolio

Correlation

Risk & Return analysis

PROSPECTUS

Fund Structure

Terms & Conditions

Liquidity

15

Due diligence process

Do not take managers word, verify Analysis against peers Truly understand portfolio and be able to

value it independently Weekly estimates

Identification of core expertise Investment decision rules Do they stick to the rules? Independent risk management? Robust process?

14


18/20

Treat the Earth well. It was not given to you by your parents.It was loaned to you by your children.

Kenyan Proverb


19/20

Corporate Headquarters Global Fund Exchange

20 Audrey AvenueOyster Bay, NY 11771

United States of America

+1 212 570 7970www.globalfundexchange.com

Investment manager Global Fund Exchange Ltd.20 Genesis Close, P.O. Box 1344

Grand Cayman, KY1-1108

Cayman Islands

Administrator Deutsche Bank Alternative Fund Services

Custodian Deutsche Bank (Cayman) Ltd.

Auditor EisnerAmper LLPLegal Advisors Walkers LLP - Cayman Tannenbaum USA

Manager & Service Provider Details

www.dmsmanagement.ky www.thsh.com

www.walkersglobal.com

www.db.com www.eisneramper.com

Contact Information

Manager email [email protected]

16

Additional Information

Service Provider

Deutsche Bank


20/20

Use of this presentation is governed by our User Agreement. The content contained in this presentation is believed to be accurate at the

time it was made, but is provided to users "AS IS" without any express or implied warranty as to merchantability, non-infringement,

accuracy, completeness, timeliness, sequencing, fitness for a particular purpose or otherwise. Please read this user agreement carefully

before using the presentation. By continuing your use of this presentation and each time you use the presentation, your use indicates your

full acceptance of and agreement to abide by this user agreement in its then current form. If you do not accept the terms and conditions

stated in this user agreement, do not use the presentation.

Before making an investment decision with respect to the Earth Wind & Fire Fund Ltd (the Fund or EW&F Fund) managed by GlobalFund Exchange Ltd. (the Investment Manager), potential investors are advised to read carefully the respective offering documents

(including any relevant underlying agreements) and the related subscription documents regarding the Fund when they are available, and to

consult with their tax, legal, ERISA and financial advisors. This document contains a preliminary summary of the purpose and principal

business terms of the Fund; this summary does not purport to be complete and is qualified in its entirety by reference to the more detailed

discussions to be contained in the Funds offering documentation. The Investment Manager has the ability in its sole discretion to change

the strategies described herein. This document is being provided to you on a confidential basis solely to assist you in deciding whether or

not to proceed with a further investigation of the Fund. This material is provided for informational purposes only as of the date hereof and

is subject to change without notice. Accordingly, this document may not be reproduced in whole or part, and may not be delivered to any

person without the consent of the Investment Manager. This material may not be suitable for all investors and is not intended to be, nor

shall it be construed as legal, tax or investment advice or as an offer, or the solicitation of any offer, to buy or sell any securities. No offer or

solicitation may be made prior to the delivery of the Funds respective offering documents to qualified investors. Before making any

investment, you should thoroughly review a Funds offering documents with your legal, tax and investment advisors to determine whether

an investment is suitable for you in light of your investment objectives and financial situation.

An investment in any Fund is not suitable for all investors. Although believed to be reliable, the information contained herein, including

investment returns, valuations, fund targets and strategies cannot be guaranteed. Global Fund Exchange makes no representations or

warranties as to the accuracy, validity or completeness of such information. This material is not complete and is subject to the more

complete disclosures and terms and conditions contained in a particular Funds offering documents, which may be obtained directly from

the Fund. No representation or assurance is made that any Fund will or is likely to achieve its objectives, benchmarks or targeted returns or

that any investor will or is likely to achieve a profit or will be able to avoid incurring substantial losses. Past performance is no guarantee of

future results. The Fund is NOT subject to the same regulatory requirements as mutual funds, including mutual fund requirements to

provide certain periodic and standardized pricing and valuation information to investors. You should note the following: The Fund

represents a speculative investment and involves a high degree of risk. An investor could lose all or a substantial portion of his/her

investment. Any investment in the Fund should be discretionary capital set aside strictly for speculative purposes. The Funds may invest

outside of the United States, which may involve greater risk. Strategies intended to hedge risk may be partly or wholly unsuccessful. Aninvestment in the Fund is not suitable for all investors. . The Fund's performance may be volatile. The Fund may use benchmarks or targets

for measurement purposes.

There is no guarantee that the Fund's goals, objectives, benchmarks or targeted returns will be achieved or reached. The Fund's fees and

expenses-which may be substantial regardless of any positive return-will offset the funds trading profits. The Fund and its

managers/advisors may be subject to various conflicts of interest. This summary is not a complete list of the risks and other important

disclosures involved in investing in the Fund and is subject to the more complete disclosures contained in the Funds respective offering

documents, which should be read carefully. This document contains forward-looking statements, including observations about markets and

industry and regulatory trends as of the original date of this document. Forward- looking statements may be identified by, among other

things, the use of words such as expects, anticipates, believes, or estimates, or the negatives of these terms, and similar

expressions. Forward-looking statements reflect the Investment Managers views as of such date with respect to possible future events.

Actual results could differ materially from those in the forward-looking statements as a result of factors beyond the Funds control.

Investors are cautioned not to place undue reliance on such statements. No party has an obligation to update any of the forward-looking

statements in this document. These materials should only be considered current as of the date of publication without regard to the date on

which you may receive or access the information. The Investment Manager maintains the right to delete or modify information without

prior notice. Charts, tables and graphs contained in this document are not intended to be used to assist the reader in determining which

securities to buy or sell or when to buy or sell securities. The fund has limited operating or performance history. The performance shown is

for illustration purposes, should not be relied upon, does not necessarily reflect actual investor performance, and is not indicative of the

results which may be achieved by the EW&F Fund in the future. Past performance is not necessarily indicative of future results. There can

be no assurance and no representation is made that the Fund will make any profit, and a total loss of principal may occur. The use of

differing performance calculation methodologies may produce different results, and the Fund's performance Information may not be

comparable to the performance information provided by other funds or managers. Individual investors may not get the exact performance

quoted above as the interaction of fees, timing of investment and high-water mark may affect investors differently. Past performance is

definitely not indicative of future performance. There can be no assurance and no representation is made that the fund will make any

profit, and as with all investments, a total loss of principal may occur. Prospective investors should refer to the Confidential OfferingMemorandum of the fund for a detailed discussion of the risks and other considerations involved with making an investment in the Fund.

No representation is being made that the Fund will or is likely to achieve its objectives or will or will make any profits similar to or will not

incur substantial losses.

Past performance is not a guarantee of future results.

Disclaimer

Global Fund Exchange Profile

Documents

Transcript of Global Fund Exchange Profile