LEO PORTFOLIOS SIF - MAM Macro Hedge Strategy - A Cap-USD/  LU1162504978  /

The sub-fund MAM Macro Hedge Strategy (hereinafter the "Sub-Fund") aims to preserve capital and generate consistent, attractive risk-adjusted returns with low correlation to the broader markets by combining proprietary top-down and fundamental analysis. Monaco Asset Management (the "Investment Manager") operates a global macro strategy with an equity focus. The Sub-Fund' will be driven by dynamic capital allocation to two core strategies: 1. Global Macro: Alpha generated by identifying macro trends driven by changes in the global monetary, liquidity and asset price cycles. 2. Hedging strategy: intend to protect balanced diversified portfolios in case of negative market movements by covering the portion of the portfolio that cannot easily be held directly, such as OTC and listed futures/derivatives. The investment strategy is based on a top-down, macro, discretionary and absolute return approach over a diversified portfolio. The portfolio will be comprised of core, tactical and opportunistic investments as part of its global macro strategy. These investments may be used for opportunistic or hedging purposes. The Sub-Fund will offer an exposure to the following asset classes: equities and equity related securities, debt securities of any type (government and corporate) including money market instruments, commodities (including precious metals), currencies and cash. In order to achieve its objective, the Sub-Fund will mainly invest: - directly in the securities/asset classes mentioned in the previous paragraph, and/or - in financial derivative instruments having as underlying or offering an exposure to the above-mentioned securities/asset classes, and/or - in undertakings for collective investment (Target Funds), such as exchange traded funds, having as main objective to invest or grant an exposure to the above-mentioned securities/asset classes, and/or - in any transferable securities (such as structured products, as defined in the main body of the issue document) linked or offering an exposure to the performance of the above-mentioned securities/asset classes.

The sub-fund MAM Macro Hedge Strategy (hereinafter the "Sub-Fund") aims to preserve capital and generate consistent, attractive risk-adjusted returns with low correlation to the broader markets by combining proprietary top-down and fundamental analysis. Monaco Asset Management (the "Investment Manager") operates a global macro strategy with an equity focus. The Sub-Fund' will be driven by dynamic capital allocation to two core strategies: 1. Global Macro: Alpha generated by identifying macro trends driven by changes in the global monetary, liquidity and asset price cycles. 2. Hedging strategy: intend to protect balanced diversified portfolios in case of negative market movements by covering the portion of the portfolio that cannot easily be held directly, such as OTC and listed futures/derivatives. The investment strategy is based on a top-down, macro, discretionary and absolute return approach over a diversified portfolio. The portfolio will be comprised of core, tactical and opportunistic investments as part of its global macro strategy. These investments may be used for opportunistic or hedging purposes.