Synergy Funds Management. Synergy Financial Markets. Create Your Financial Future by Investing with

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1 Create Your Financial Future by Investing with Synergy Financial Markets Synergy Funds Management Synergy now offers its expertise to the market for the first time through the Synergy Individually Managed Account product. Synergy Financial Markets is a global securities firm specialising in high frequency currency trading, arbitrage and algorithmic trading

2 Synergy Financial Markets is a global securities firm specialising in high frequency currency trading, arbitrage and algorithmic trading. Multi-lingual support staff across the globe for true 24 hour service. In House funds management investment committee. In house software specialists. More than USD$10 billion in currency trading executed over Synergy s platform monthly. Up to 50,000 transactions per day executed. Market leading currency execution service provider across Asia and Europe.

3 Funds Management A focus on innovation, discipline and risk management. Low risk strategies generating high frequency trading that exploits relative mispricing, short term and arbitrage opportunities sourced from the analysis of Synergy s trading universe. The access Synergy enjoys to real time trading data of thousands of traders in its universe, together with our in house high speed trading technology, provides unparalleled ability to build some of the fastest and most sophisticated trading systems found globally. Core Trading Strategies include: Market Making Arbitrage Event Driven Trading Correlation Based Trading Spread and Pairs Trading Long Short (currency portfolio) Trading Investment Committee expertise extends to market pricing, modelling, technology development, risk management and valuation. Synergy Funds Management specialises in market neutral strategies with a strong quantitative focus and limited exposure.

4 Individually Managed Accounts Synergy Financial Markets Pty Ltd is an independent Australian Financial Services provider that focuses primarily on currency management. Synergy is an innovator in the Individually Managed Account space, and the products and services provided by Synergy are of the highest quality. The Synergy Analytic Solution FX Strategy offers an attractive risk/return ratio and a low correlation to traditional investment markets and a high liquidity. Synergy's services are precisely tailored to the aims and needs of our foreign exchange trading clientele. The Synergy Funds Management team combines in depth specialist knowledge, many years of experience in consultancy, client care and asset management for currency mandates. Synergy Financial Markets is fully licensed by the Australian Securities and Investments Commission (ASIC).

5 Synergy Analytic Solution Objective To achieve medium to long-term capital growth by investing in a foreign exchange trading strategy to target an average return to investors of 1 to 5% per Month. The strategy employs a selective investment in spot margin foreign exchange contracts, which aim to deliver consistent returns in, and remove the volatility of, rising and falling markets. Synergy now offers its expertise to the market for the first time through the Synergy Individually Managed Account product. The Synergy Analytic Solution combines the trading expertise of Synergy Financial Markets Investment Committee with a proven proprietary investment process that was developed and tested using a broad group of senior traders and investment staff. During the construction of the algorithms, the simulated strategy return over test period was 35% with volatility of 15%. Target strategy return is 25% per annum with volatility of 15%.

6 Investment Process Economic Indicators Specific economic indicators are tailored to each currency market based on thorough analysis (for example constant review of individual country economic data releases; geo-political environment and changes to it; relative interest rates; commodity prices and their impact on currency markets). The Synergy Analytic Solution (SAS a multi-factor quantitative model) weights economic value factors according to our investment committee method. Rationale: The investment committee first uses this information to form a medium to long term view for relative directional trading. Sentiment Indicators Proprietary momentum indicators over varying time periods; mean reversion indicators; and contrarian indicators - each given a unique weighting. Rationale: Markets trend in herds, past performers tend to be future performers for a period of time. Even if this period is limited to minutes, our algorithmic systems identify opportunities

7 Investment Process 1st Phase Ranking Economic and Momentum Indicators weighted and combined to provide an initial ranking of currency pairs within a universe 2nd Phase Ranking Synergy Analytic Solution (SAS) then applies a discounting formula to certain indicators based on a range of identifiable and quantifiable factors. Screening Economic and Momentum Indicators weighted and combined to provide an initial ranking of currency pairs within a universe.

8 Investment Process Portfolio Construction The process produces individual currency pairs expected to outperform and underperform relative to each other The trade strategy is constructed in terms of selections and weightings so as to maximise the risk return expectation. The SAS model applies weightings at all stages of the portfolio selection and construction process. The edge Synergy provides is in terms of signals and screenings. Synergy utilises technical trading expertise to identify and quantify signals, many of which are not often picked up by the broader market. The Synergy Investment Committee adds a qualitative overlay by interpreting and analysing the signal data. This is used to exclude trades rather than justify inclusion and thus acts as a significant risk control function.

9 Investment Team Christian Dove B. Sc. (Mathematics) Christian is the founder and Managing Director of Synergy Financial Markets and all subsidiaries. Establishing the Synergy concept and philosophy in mid 2011, Christian has managed the formation and growth of all business units. As such he coordinates the funds management arm of Synergy and the trading strategy specifications. With an emphasis on the trading and execution focus of the company, Christian is responsible for the management, expansion and continued development of Synergy s hugely successful trading and execution teams and the integration of these teams with the remainder of the business. Christian also oversees the day-to-day management of Synergy with a focus on training, quality control and risk management. Prior to the founding Synergy, Christian spent over 20 years in the banking and funds management world. He was senior management and Deputy Treasurer of Nomura International Plc in London where he designed the financing modeling of collateral product tri-party repo which is now used by all major banks. Christian then moved to Australia as the Asian-Pacific treasurer of Societe Generale Bank, before becoming the Asian Pacific Treasurer of Hewlett Packard Financial Services. Christian then started his own funds management business and subsequently started, built and sold what became one of Australia s most prominent foreign exchange brokerage houses. Christian has been a market specialist advisor to ASIC (Australian Securities and Investments Commission), and is one of Australia s leading experts in the operation of the retail foreign exchange market place.

10 Investment Team Raynor O Connor Raynor is a Portfolio Manager at Synergy based in London England, joining in During this time she has worked on the development and implementation of market neutral strategies. In her capacity as Portfolio Manager, Raynor s responsibilities include portfolio selection, due diligence, execution and ongoing management of positions. Before joining Synergy, Raynor worked as a corporate fixed income trader and a treasury trader for Nomura International Plc in London. Her tasks included developing and improving models for liquidity management and fixed income financing. Raynor worked at Nomura for over ten years, and with Christian designed and managed the triparty repo business unit, and was responsible for one of the world s largest fixed income financing books. David Reece B. Eng. (Electronic Engineering), M. Eng. (I.T. & T.), M.B.A. David is the Chief Information Officer of Synergy Financial Markets. He is responsible for the development and operation of trading applications and automation systems used worldwide by Synergy. With a background in software engineering, David is responsible for the overall architecture of Synergy s software and systems. With the rare combination of trading expertise and programming expertise, David, ensures that financial algorithms, software and systems are both functional and efficient while contributing to the continual drive towards optimal performance. David oversees the global technology team and partnerships with personnel in Sydney, London, New York, Shanghai and Tokyo. Prior to Synergy Financial Markets, he spent 5 years as a partner level programmer/trader with a global derivatives trading firm.

11 The Synergy Edge Clean and reliable data: Synergy has advanced methods for tracking price, returns, adjustments and volatility over a long period. This ensures accurate and reliable historical information in the initial and continuing ranking phases. Synergy starts with better data than its competitors and takes the data further. Multi Factor proprietary model: (SAS) to rank and re-rank currency pairs into baskets for long and short portfolio construction. Synergy qualitative overlay: Synergy FX s presence in global fx markets allows for the dynamic identification and quantification of a wide range of signals to assist the screening process and identify risk in currency pairs not obvious to the market or to the model. A consistent, repeatable and sustainable approach to quantitative based market neutral portfolio construction. Trader Expertise: A dedicated 24 hour Investment Committee providing a unique insight into markets, order flow and activity. Trading Systems: Designed to execute many thousands of transactions per day with response times as low as 1 millisecond. This expertise is limited to very few firms globally. Best Execution: Synergy, through its execution business can execute instantaneously and with market leading efficiency. Superior Risk Management: Developed from years of managing large scale, complex derivative based proprietary positions in real time across Asia and Europe.

12 As experienced financial product traders, we pride ourselves in focussing on risk management, discipline whilst applying the latest financial innovations to achieve sound returns RISK WARNING: Foreign exchange and derivatives trading carry a high level of risk. Before you decide to trade foreign exchange, we encourage you to consider your investment objectives, your risk tolerance and trading experience. It is possible to lose some or all of your initial investment, so do not invest money that you cannot afford to lose. Seek advice from an independent financial or tax advisor if you have any questions. The FSG and PDS are available upon request. Synergy FX is a registered business name of Synergy Financial Markets Pty Limited. Synergy Financial Markets Pty Ltd is authorised and regulated by ASIC, AFSL number Synergy Financial Markets Pty Ltd