0utpost Investment Group, LLC

Transcription

1 0utpost Investment Group, LLC Outpost Global Macro Fund Global Macro INVESTMENT S TRATEGY AND P ROCESS Outpost Investment Group, LLC is a New York based global investment management firm. Outpost Investment Group's, Global Macro Fund ("the Fund") has a strong pedigreed team, a differentiated risk management approach, and is focused on delivering stable alpha to institutional investors. The Fund seeks to achieve diversified global macro returns by combining top-down macro research with bottom-up micro catalysts. We pride ourselves on seeking to preserve capital while identifying and seeking to capture unique sources of stable alpha, irrespective of market conditions, primarily through G10 fixed income, currency, equity, and commodity investments. The overall objective is to maximize stable risk-adjusted returns (16% annual net returns with 10% annualized volatility) under all market conditions with low correlations to markets, other macro funds, and other absolute return strategies. R ISK MANAGEMENT The Fund looks to use a mix of proprietary analytics to understand, monitor and manage risk. Risk will be measured using a Maximum Capital-at-Risk and a 3 sigma VaR based methodology. The Funds proprietary Accordion risk framework attempts to Maximize Capital at Risk by assuming all fund positions are perfectly correlated and in total are less than 13% of the Fund s NAV. The models long convexity profile skews downside volatility and increases upside volatility. Additionally, it places a high premium on liquidity and non-consensus ideas in liquid markets, which allows for an expeditious exit if necessary. F IRM BACKGROUND Outpost Investment Group, LLC is a New York based global investment management firm that was founded in March 2008 by Peter Forlenza, CEO; Jason Bajaj, CIO; and Allen Arakal, Portfolio Manager.

2 P RINCIPALS BIOGRAPHIES Peter Forlenza, Partner and Chief Executive Officer, has 20 years of financial markets expertise across a broad array of products and has managed many of the largest global equity markets transactions over the last decade. Most recently, he was the Global Head of Equities for Bank of America, leading this second tier player into the top five across most disciplines. The range of products managed included; Equity Derivatives, Cash Equity Sales and Trading, Equity Capital Markets, Portfolio Trading, Prime Brokerage/Equity Finance, Equity Research and all Equity Proprietary Trading. As a member of the Bank of America Global Markets Leadership Team and Global Risk Committee, Peter was part of a small group of executives managing the entire global markets business and evaluating all of the risk across all Fixed Income and Equity businesses. He was selected as a next generation leader within Bank of America Corp and was instrumental in driving integration between the bank s Consumer, Commercial and Investment Banking efforts. Prior to Bank of America, Mr. Forlenza was a senior executive at Citigroup and its predecessor firms Salomon Smith Barney and Salomon Brothers. He held dual roles at Citigroup before his departure; Head of European Equity Trading and Global Head of Portfolio Trading. Peter began his career at Salomon Brothers and is credited with being one of the industry s pioneers in Program Trading, a business he built from inception for Salomon. Jason Bajaj, Partner and Chief Investment Officer, has 16 years of financial markets experience, specializing in global macro investing. Most recently, he was the Managing Director in charge of Global Macro and Portfolio Risk Investing at Goldman, Sachs & Co running the team within the equities division. Prior to Goldman Sachs, he was a Portfolio Manager at Triloka Capital where he managed the Global Macro and Event trading business. He was a key contributor in all aspects of the business development, including the building of trading and risk management systems, infrastructure creation, and managing and researching new trade opportunities. Before Triloka, Mr. Bajaj worked at Salomon Brothers and Morgan Stanley focusing on Japan and Asia proprietary macro risk trading. Allen Arakal, Partner and Portfolio Manager, has 14 years of trading and financial markets experience. Prior to founding Outpost, Allen was a strategist at JWM Partners, LLC where he worked on the Yen Interest Rate Relative Value Portfolio for the last two years. He was responsible for day to day risk management, modeling, trade idea generation and execution for all yen rate products. Previously, Allen spent a brief period consulting with Pantera Global Macro Fund on risk and cash management. Prior to that, he spent twelve years at Goldman Sachs Group working in New York, Tokyo and London where he traded various interest rate products from money markets to interest rate derivatives. Martin Walker, Portfolio Manager, has 18 years of securities industry experience, specializing in G12 fixed income and currency macro trading, repo market making, option market making, and commodity proprietary trading. Most recently, he was the Global Economic Policy Portfolio Manager at Graham Capital. Previous to Graham, he was a Portfolio Manager at Triloka Capital and the macro trading strategist at Brevan Howard Asset Management in London. He was responsible for G12 macro trading in fixed income and currencies and incorporated fundamental economic research, flow analysis, structuring, VaR and technical analysis in his portfolio construction. Mr. Walker's experience covers interest rate swaps of all maturities including Eonia and OIS, swaptions, caps and floors, cash bonds, options, ETF's, and spot/forward/exotics currency. Previous to Brevan Howard, Martin worked with the same team on the proprietary trading desk at Credit Suisse First Boston extensively focusing on short-dated interest rate and interest rate options markets.

3 Robert S. Morris, Global Energy Portfolio Manager, has 22 years of energy industry experience both as an engineer and senior investment analyst on Wall Street. Most recently, he was a Managing Director and the Oil and Gas Exploration & Production (E&P) equity analyst as well as the Energy Team Head for Bank of America Securities. Prior to Bank of America, he held the same or similar positions for Salomon Smith Barney (now Citigroup) and PaineWebber (now UBS Securities). In total, Bob has worked on Wall Street for over thirteen years wherein he was the #1 ranked E&P analyst for the most recent six years ( ) in the widely acclaimed Institutional Investor Magazine s annual All-America Research Team and most recent five years ( ) in the Greenwich Research Poll. Bob has also been featured in Forbes Magazine and has appeared as a regular guest speaker on CNBC the past several years with regard to his outlook for crude oil prices, natural gas prices and energy stocks. Prior to coming to Wall Street, Bob worked for Wolverine Exploration Company as the Vice President of Planning & Development and also as an engineer for Mobil Oil Corporation. GENERAL F UND INFORMATION Contact Information Name: Address: Liana Ryan th Avenue, 8 th Floor New York, NY Main Phone: Other/Mobile: Fax: info@outpostfunds.com Miscellaneous Fund Information Firm AUM (as of date): TBD Fund AUM (as of date): TBD Firm Inception Date: March 2008 Fund Launch Date: October 1, 2008 Valuation Currency: USD Domicile: Cayman Islands Fund Administrator (Onshore/Offshore): Citadel Solutions Listed: No Auditor(s): Rothstein, Kass & Co. Prime Broker(s): Credit Suisse Securities, LLC and Goldman, Sachs & Co. Legal Counsel: Seward & Kissel, LLP Terms Minimum Investment: Initial Additional $2,500,000; $1,000,000 Management Fee: 2% Performance Fee: 20% Hurdle Rate: No High Water Mark: Yes Subscriptions (frequency / notice): Monthly

4 Redemptions (frequency / notice): 90% of payment redeemed within 30 days. Redemption Penalty: Early redemption penalty 3% Lock Up: 1 year The fund(s) whose summary or summaries are included in this document or, if applicable, in a profile book (each a Fund and together, the Funds ), are or may be customers or clients of Credit Suisse Securities (USA) LLC ( CSSU ), Credit Suisse Securities (Europe) Ltd. ( CSSEL ), Credit Suisse Securities (Hong Kong) Limited ( (CSHK ) or Credit Suisse Securities (Japan) Limited ( CSSJL ) and collectively with CSSU, CSSEL and their affiliates and subsidiaries, Credit Suisse ). This material is not directed to, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would subject Credit Suisse to any registration or licensing requirement within such jurisdiction. The provision of capital introduction services is subject to relevant local regulation and practice, and not all the services described in the materials are available in your particular jurisdiction. Where you are acting on behalf of others, references to you or your include those entities on whose behalf you are acting. Credit Suisse may act as prime broker to the Fund(s). Any investment you make in a Fund may have an indirect benefit to Credit Suisse either as prime broker or as counterparty to a transaction with such Fund, including derivative transactions. Credit Suisse may, to the extent permitted by law, effect transactions with or on behalf of the Fund(s), participate or invest in financing transactions with the Fund(s), perform services or solicit business from the Fund(s) or its or their managers, and/or have a position, holding or other material interest in the Fund(s). Credit Suisse may have received or may receive in the future prime brokerage or other transaction related compensation from the Fund. This summary (or if included in a profile book, the summaries) have been prepared and completed by the applicable Fund or the Fund s manager to which the summary relates. The summaries may be forwarded to you, at your request, by Credit Suisse for information purposes only as part of its capital introduction services. Credit Suisse has not verified the information contained in the summaries and gives no representation or warranty as to the accuracy, completeness or otherwise of the information contained in the summaries. You should independently verify any information contained in the summaries and obtain a copy of any prospectus or other offering or subscription documents of the Funds, which contain important risk disclosures and more specific information about the Funds, prior to making any investment decision. The summaries are not sales literature. These summaries and any materials or information provided to you by Credit Suisse are provided for information purposes only and do not constitute and should not be considered an offer to sell or a solicitation of an offer to buy or subscribe for an interest in any Fund or any other securities, to or from any person in any jurisdiction. Any such offer or solicitation may only be made pursuant to a confidential private placement memorandum as supplemented from time to time that relates specifically to such Fund or securities. By accepting delivery of any materials, including these summaries, you agree to the foregoing. The investments and services contained or referred to in this material may not be suitable for you and it is recommended that you consult your own independent advisor if you are in doubt about such investments or services. Nothing in this material constitutes investment, legal, accounting or tax advice, or a representation that any investment or service is suitable or appropriate to your individual circumstances, or otherwise constitutes a recommendation to you. In providing these summaries, Credit Suisse is not acting as your advisor. You must make your own independent assessment (based on advice from such advisors and further verifications as you deem appropriate) as to whether investment in a Fund is appropriate for you and as to whether you are able to invest in the Funds. Investments in the Funds may be speculative and involve a high degree of risk, and investors in the Funds could lose all or a substantial amount of their investments. Credit Suisse has not made any determination on whether the Funds, or their managers, are permitted to market, promote or sell any investment to you under applicable law. Credit Suisse makes no representation as to the accuracy or completeness of the information in the summaries and accepts no liability for loss arising from use of the information in these summaries. These

5 summaries are confidential and may not be disclosed, altered, transmitted, redistributed, divulged, copied or reproduced by you, in whole or in part. Separately from its provision of capital introduction services, Credit Suisse, through the Capital Services group, may also provide capital raising services (including acting as placement agent) to funds and their managers and clients of Credit Suisse and its affiliates, and investors in Credit Suisse s capital introductions program may be approached or contacted in connection with these capital raising services. Credit Suisse and its affiliates may be compensated for and benefit from providing such capital raising services. These summaries are provided in connection with the provision of capital introduction services, not capital raising services. All trademarks, service marks and logos used in this presentation are trademarks or service marks or registered trademarks or service marks of Credit Suisse. For investors supported by CSSU: The summaries are directed at institutional investors that are accredited investors (as defined by the U.S. Securities Act of 1933, as amended) and qualified purchasers (as defined by the U.S. Investment Company Act of 1940, as amended) only and is not intended for private customers. For investors supported by CSSEL: CSSEL is authorized and regulated by the Financial Services Authority (the FSA ) and this material is not for distribution to retail clients as defined in the FSA. This material is distributed by Credit Suisse depending on your particular jurisdiction and in conformity with applicable laws, rules and regulations. For investors supported by CSHK: This summary is directed at institutional investors that are professional investors (as defined by the Hong Kong Securities and Futures Ordinance) and is not intended for private customers. For investors supported by CSSJL: CSSJL is authorized and regulated by the Japan Financial Services Agency and this material is directed at institutional investors that are professional investors (as defined by the Financial Instruments and Exchange Law of Japan) and is not intended for general customers.