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.
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.
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 (2002-2007) in the widely acclaimed Institutional Investor Magazine s annual All-America Research Team and most recent five years (2003-2007) 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 529 5 th Avenue, 8 th Floor New York, NY 10017 Main Phone: 212-946-7608 Other/Mobile: Fax: 212-946-7619 E-Mail: 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
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