Nine Thirty Capital — Société Générale — Joint Venture

JOINT VENTURE — OVERVIEW

Nine Thirty Capital has partnered with Société Générale and Lyxor Asset Management (Lyxor) to put forward a customized, principal protected bond product (a structured note) that is an asset allocation alternative to cash and/or fixed income. This product features an investment return linked to a diversified portfolio of hedge funds that Nine Thirty Capital selects and actively manages (the “Lyxor Nine Thirty Capital Family Wealth Preservation Fund”). The investor purchases a Société Générale issued bond and does not invest in the underlying hedge funds. As such, there is no direct market or individual manager exposure.

The Lyxor Nine Thirty Capital Family Wealth Preservation Fund and the linked bond offering were created with the current economic environment top of mind. Many investors have large cash allocations earning next to no return.

Although each client’s bond can be customized, the initial Société Générale offering indexes the return of the note to the Sharpe ratio (or another portfolio metric) of the underlying Lyxor Nine Thirty Capital Family Wealth Preservation Fund. Nine Thirty Capital is responsible for constructing the underlying hedge fund portfolio, including manager selection and weighting, and actively manages the fund portfolio with an eye towards achieving risk adjusted performance over the long-term.

Nine Thirty Capital believes that this product offering combines the respective strengths of Société Générale, Lyxor and our firm. Nine Thirty Capital brings our experience and skill set in manager selection, portfolio design and construction as well as the active oversight required. Nine Thirty Capital, as the independent investment manager, has full decision-making authority and discretion over the selection of the hedge funds and over portfolio construction and management of the underlying hedge fund portfolio.

For this product (as opposed to our customized portfolio business where a different set of managers are utilized), Nine Thirty Capital selects from among the funds resident on the Lyxor platform, and adheres to strict diversification and risk management guidelines. The requisite manager and strategy diversification, transparency and liquidity facilitate Société Générale creating and offering the structured notes.

Nine Thirty Capital is proud to be able to provide a customizable investment alternative that does not require the client to commit capital to hedge funds or to invest directly into equities. We are especially pleased to participate in an investment strategy that provides an asset allocation alternative for families and institutional investors holding significant cash and/or fixed income investments.

THIS IS NOT AN OFFER OF SALE TO PURCHASE A PRODUCT FROM THE NAMED PARTIES HEREIN. THERE ARE RISKS INHERENT WITH ANY INVESTMENT.