IQ69 PORTFOLIO MANAGEMENT

15% FLAT PERFORMANCE FEE ONLY - WITH WATERMARK

3 MANAGEMENT STYLES

INSTRUMENTS USED:

- HI-CAP EQUITIES (MAINLY ABOVE 1 BN $)

- FX (FEW EM, FEW TIMES AND SMALL WEIGHTING)

- DERIVATIVES (MAINLY FOR HEDGING PURPOSES)

- BONDS (IF REQUESTED, NOT A STRONG COMMITMENT)

 Management Style 1: GALLOPING 
 
 - Leveraged until 400% 

 - Concentrated often 

 - Futures used for trading and hedging purposes 

 - Options trading mainly on portfolio instruments on Vega spikes and Yield enhancement Theta

 - FX for trading and neutralising FX risk on some instruments 

 - Low MarkCap equities trading limited to 25% of the portfolio and correlated to volatility of the  instrument  

 - Improving the "Buffett Model": working on volatility and trading bands while waiting for the  wealth transfer from impatient and emotional investors 

 - Up to 5-7% daily swing 

 - Yearly target: 35-45%
 
SELECT GALLOPING

 Management Style 2: TROTTING
   

 - Less Leverage, up to 150% 

 - Less Concentrated: no more than 20% invested in one instrument 

 - More Moderated Risks and Trailing Stops 

 - Very low exposition on Low Cap Equities (up to 5%) 

 - Option Trading for yield enhancement and synthetic positioning with floored downside risk 

 - FX for hedging purposes mainly and some positions 

 - No Futures 

 - Up to 2-3% daily swing 

 - Yearly target è 20% 

 - Not following Buffett Model, Use of Stop and Trailing Profit and Losses 

   

SELECT TROTTING

Management Style 3: ON THE COUCH 

   

 - No Leverage, few times 100% invested 

 - Same Trotting cautious approach with less and more controlled risk on every position 

 - Yearly target: 10%
 
SELECT ON THE COUCH