Separately Managed Accounts

Exante Group serves sophisticated individuals and institutional investors who desire exposure to alternative investments through its separately managed account (SMA) platform. Within this platform, we apply Exante Group's absolute return investment philosophy with the goal of achieving superior performance while avoiding unnecessary risks. Our custom solutions are ideal for financial advisors who service sophisticated clients with unique needs. Clients can choose from three unique strategies or model portfolios:

• Exante Long/Short Global Equity
• Exante Mantis Fund
• Exante Remora Fund

Exante Group's SMA platform is designed to provide clients with:

• Customized Portfolio Solutions: We understand that every client is unique and therefore, we tailor portfolios to meet the needs of every individual client, within the parameters of our investment philosophy and within the framework of our model portfolios.
• Active Portfolio Management: Client portfolios are constantly monitored and securities are traded in a manner that seeks superior absolute returns while avoiding undue risks. Exante Group portfolio managers have full discretion on buy and sell decisions.
• Style Consistency: Clients can be certain that assets will be managed in strict accordance with the model portfolio's stated strategy, without the risk that comes from "style drift."
• Direct Ownership: Unlike a mutual fund, clients own the securities in their accounts - client money is not commingled with other investors' assets.
• Tax Sensitivity: Because clients directly own the securities in their account, trades can be executed in the most tax efficient manner possible. Exante Group strategies will by design display moderately higher rates of turnover while attempting to achieve superior absolute returns.