The Alternative Investment Club (“TAIC”) organized by Swiss Financial Services (“SFS”)

Since its formation in 2010, TAIC’s purpose has been to nurture a meaningful network among owner-driven boutiques with a passion for the alternative investment world, focused on supporting and enhancing the development of our industry. Participants range from investment managers to capital sources with an entrepreneurial drive to create and sustain performance. TAIC events provide a platform where participants are able to partake with like-minded managers, as well as engaged capital sources. TAIC events are not a product sales oriented environment, but rather focus on advocating investment manager’s investment approach and skills. TAIC is focused on building long-term relationships that result in engaged and trusted collaborations and is committed to the objective of open, constructive and out-of-the box dialogue, TAIC does not permit the presence of the media and limits the participation of service providers to those with a firm commitment to the objective of TAIC. TAIC currently hosts four annual events. The Investment Roundtable (IR) and TAIC Networking Events take place in March, September and November, starting at 17.30 and ending around 21.00. The IR takes place one hour prior to TAIC Networking Events, and its purpose is educational and features boutique businesses addressing unique market relevant topics. The TAIC Boutique Manager Event (BME) takes place once a year in June and is a full day event. The BME features meet-the-manager sessions in the morning, followed by panel discussions, debates and presentations in the afternoon and ends with a networking cocktail evening. Engaged Partners, Sponsors and attendees are carefully selected, so as to maintain the core purpose of TAIC. All TAIC events are by invitation only.

TAIC Events in the past:

TAIC Boutique Manager Events – half -day & networking Date Nr Participants

Boutique Manager Event, Zurich 16 June 2016 172

Emerging Manager Event, Zurich 23 June 2015 173

Emerging Manager Event, Zurich 17 June 2014 186

Emerging Manager Event, Zurich 25 June 2013 147

TAIC Investment Roundtable & networking drinks

Asia for Swiss by Swiss 22 March 2016 80

A case for European Credit (Investment Round table) 24 November 2015 63

Cheers – investing in trending beverage companies 22 September 2015 47

Oil is not dead, it just smells funny! 24 March 2015 84

PARTICIPANT COMMUNICATION

BRANDING DURING EVENT

Boutique Manager Event, Zurich June 2016

AGENDA

Our successful fourth TAIC Boutique Manager Event (“BME”) took place in June 2016 and was our first full day event culminating with a mini version of Carmen, performed by the New York City Opera compliments of R.G Niederhoffer. The BME full day event featured a morning of meet-the-manager sessions (including 19 relevant capital sources and 22 boutique managers), followed by panel discussions and our signature Oxford-style debate. Engaged Partners, Founding Members, Sponsors and attendees were carefully selected, so as to maintain the core purpose of TAIC. Of the 173 attendees, there were 74 Investment Managers and 52 Asset Allocators attending.

Sponsors were mentioned in all event communications in and around the BME (including emails, invitation, agenda, event directory etc.). Sponsors were able to attend the BME with four attendees. Sponsors promoted their firm with 1-2 pages in the EME event directory, which was distributed prior to the event and was made available at the event to all attendees. Sponsors were recognized prior to and at the BME as one of the main Sponsors. On the day of the BME Sponsors were able to provide attendees with give-away goodies and marketing materials.

PARTICIPANT COMMUNICATION

Building on the success of our Emerging Manager Event ( “EME”) held in 2013 and 2014 and our quarterly networking events (TAIC), Swiss Financial Services is proud to be organizing the third half day EME in Zurich on Tuesday 23rd June, 2015 at the Baur au Lac.

The continuing success of all these events is driven by the attending entrepreneurs and their shared passion for the alternative asset management industry. The underlying theme is built on owner managed boutiques working closely together to deliver superior investment performance and excellent client service. As in previous years our EME nurtures and encourages engaged discussions, thought provoking ideas and an abundance of informal networking opportunities amongst asset manager and allocator business owners. The EME will consist of a luncheon, followed by an afternoon of targeted presentations and panel discussions. We will close with a cocktail party, marking and celebrating Swiss Financial Services’ 30th anniversary in business.

Attendance is by invitation only and limited to 160 people, representing approx. 80 asset managers and 80 allocators. We personally invite senior decision makers of the alternative industry, including family offices, HNWI and fund selection teams, as well as asset managers. Hosted by Swiss Financial Services with generous contributions from:

BRANDING DURING EVENT

Emerging Manager Event, Zurich June 2015

The third TAIC Emerging Manager Event (“EME”) took place in June 2015 and was a half day event ending with a cocktail evening celebrating Swiss Financial Services’ 30th year in business. The EME half day event featured panel discussions, debates, presentations and meet-the-manager sessions. Engaged Partners, Sponsors and attendees were carefully selected, so as to maintain the core purpose of TAIC. Of the 173 attendees, there were 78 Investment Managers and 64 Asset Allocators attending.

Sponsors were mentioned in all event communication in and around the EME (including emails, invitation, agenda, event directory etc.). Sponsors were able to attend the EME with four attendees. Sponsors promoted their firm with 1-2 pages in the EME event directory, which was distributed prior to the event and at the event to all attendees. Sponsors were recognized prior to and at the EME as one of the main Sponsors. On the day of the EME Sponsors were able to provide attendees with give-away goodies and marketing materials.

AGENDA

Encouraged by the very positive feedback of last year’s attendees, we would like to personally invite you to our second half-day Emerging Manager Event to be held in Zurich at the Baur au Lac Hotel on June 17, 2014. The event will be an opportunity for emerging asset managers and asset allocators to network amongst senior industry decision makers. The half-day event will consist of a luncheon, followed by an afternoon of targeted presentations and panel discussions, asset manager roundtables and will close with a cocktail party. Expected number of attendees is approx. 80 Managers and 80 Allocators. We will personally invite senior decision makers of the alternative industry, including family offices, HNWI and fund selection teams. Attendance is by invitation only and will be free of charge for asset allocators with a nominal CHF350 fee for asset managers. Attendance is limited, secure your place now. Register today by completing the attached registration form. Registration is only secured once we are in receipt of a completed registration form and payment. Hosted by Swiss Financial Services with generous contributions from:

PARTICIPANT COMMUNICATION

Emerging Manager Event, Zurich June 2014

BRANDING DURING EVENT

The second TAIC Emerging Manager Event (“EME”) took place in June 2014 and was a half day event ending with a cocktail evening. The EME half day event featured panel discussions, debates, presentations and meet-the-manager sessions. Engaged Partners, Sponsors and attendees were carefully selected, so as to maintain the core purpose of TAIC. Of the 186 attendees, there were 76 Investment Managers and 81 Asset Allocators attending.

Sponsors were mentioned in all event communication in and around the EME (including emails, invitation, agenda, event directory etc.). Sponsors were able to attend the EME with four attendees. Sponsors promoted their firm with 1-2 pages in the EME event directory, which was distributed prior to the event and at the event to all attendees. Sponsors were recognized prior to and at the EME as one of the main Sponsors. On the day of the EME Sponsors were able to provide attendees with give-away goodies and marketing materials.

AGENDA

BRANDING DURING EVENT

PARTICIPANT COMMUNICATION

We would like to invite you to the first half-day Emerging Manager Conference held here in Zurich at the NZZ Building on June 25, 2013. Parties attending the conference include capital sources from Switzerland and abroad and Swiss as well as international hedge fund managers. The Emerging Manager Conference Zurich is there to help asset allocators identify new Swiss and international trading talent. The Emerging Manager Conference Zurich is a half-day event consisting of speakers and panels combined with a concurrent schedule of thirty minute presentations by individual managers. The Emerging Manager Conference Zurich represents a cost efficient, effective way to enhance your visibility in the investment community with both managers and investors. Capital sources, including asset allocators, pool operators and professional clients, attend the EMC Zurich for free. Managers, can register for as little as CHF 200. Secure your place now. Register today by completing the attached registration form. A limited number of speaking opportunities remain for those who wish to raise their profile and demonstrate their expertise to a targeted audience. For more information, please contact me at ltroxler@swiss-financial.ch Hosted by Swiss Financial Services with generous contributions from:

Emerging Manager Event, Zurich June 2013

The first TAIC Emerging Manager Event (“EME”) took place in June 2013 and was a half day event ending with a cocktail evening. The EME half day event featured panel discussions, debates, presentations and meet-the-manager sessions. Engaged Partners, Sponsors and attendees were carefully selected, so as to maintain the core purpose of TAIC. Of the 147 attendees, there were 62 Investment Managers and 58 Asset Allocators attending.

Sponsors were mentioned in all event communication in and around the EME (including emails, invitation, agenda, event directory etc.). Sponsors were able to attend the EME with four attendees. Sponsors promoted their firm with 1-2 pages in the EME event directory, which was distributed prior to the event and at the event to all attendees. Sponsors were recognized prior to and at the EME as one of the main Sponsors. On the day of the EME Sponsors were able to provide attendees with give-away goodies and marketing materials.

AGENDA

Asia for Swiss by Swiss – demystifying Asia with tangible investment cases March 2016

TAIC currently hosts four annual events, of which three are after-work networking events. The Investment Roundtable and TAIC Networking Events take place in March, September and November, starting at 17.30 and ending around 21.00. The Investment Roundtable takes place one hour prior to TAIC Networking Events, and its purpose is educational and features boutique businesses addressing unique market relevant topics.

Sponsors were mentioned in all event communication in and around the TAIC (save-the-date, invitation, reminder etc.). Sponsors are able to attend the TAIC with 2-3 attendees. Sponsors are recognized prior to and at the TAIC as one of the main Sponsors. On the day of the TAIC Sponsors are able to provide attendees with give-away goodies and marketing materials.

The Alternative Investment Club & Investment Roundtable - Tuesday, 22nd

March, 2016

We are pleased to invite you to our next Investment Roundtable and TAIC networking event on Tuesday, March 22nd

2016 at the Goethe Bar, Zurich.

The topic of the Investment Roundtable (17:00), will be:

Asia for Swiss by Swiss – demystifying Asia with tangible investment cases

Our Investment Roundtable speakers are all Swiss with extensive on the ground Asia experience and exposure, who

have offered to share their respective views and investment ideas with our TAIC members.

On Tuesday, March 22nd, the Investment Roundtable will start at 17.00 at the NZZ conference rooms, Falkenstrasse 11,

Zurich (same buildings as Goethe Bar) - followed by TAIC networking at 18.30h at the Goethe Bar, Goethestrasse 10,

Zurich. Please RSVP and let me know whether you are interested in joining either TAIC or the Investment Roundtable or

both events. Please note, that we have limited space available for the Investment Roundtable and registration is

handled on a first come, first served basis. TAIC is a pure networking event and meets once a quarter. Our attendees

are predominantly asset managers, family offices and asset allocators, and the only role the few attending service

providers is that of facilitating introductions.

PARTICIPANT COMMUNICATION

BRANDING DURING

A case for European Credit November 2015

TAIC currently hosts four annual events, of which three are after-work networking events. The Investment Roundtable and TAIC Networking Events take place in March, September and November, starting at 17.30 and ending around 21.00. The Investment Roundtable takes place one hour prior to TAIC Networking Events, and its purpose is educational and features boutique businesses addressing unique market relevant topics.

Sponsors were mentioned in all event communication in and around the TAIC (save-the-date, invitation, reminder etc.). Sponsors are able to attend the TAIC with 2-3 attendees. Sponsors are recognized prior to and at the TAIC as one of the main Sponsors. On the day of the TAIC Sponsors are able to provide attendees with give-away goodies and marketing materials.

BRANDING DURING

PARTICIPANT COMMUNICATION

We are pleased to invite you to our next Investment Roundtable and TAIC networking event on Tuesday, November 24th 2015 at the Goethe Bar, Zurich. The topic of the Investment Roundtable (17:30), will be: A case for European Credit.

Françoise Devenoges (Portfolio Manager) Man GLG

Françoise Devenoges is a Portfolio Manager at Man GLG and has over 18 years of finance and investment experience. She is currently co-managing the European CLO platform and overviews approximately Euro 1bn of assets. She joined RMF Investment Management, a predecessor of Man GLG in 2000, where she helped to establish the European Leveraged Finance business. Prior to joining Man, she spent three years with BNP Paribas, in the acquisition finance team. Ms Devenoges received her degree in Economics from the University of Lausanne, Switzerland. She is a CFA Charterholder and a member of the Swiss CFA Society.

Daniel Riediker (Partner and CEO) Alegra Capital

Daniel Riediker co-founded Alegra Capital in 2003 as Partner and CEO. He was the former CEO of Centre Solutions Ltd., Zurich, and headed up Centre's European CDO group. During his 8 years with the Centre Group, he collected a broad experience in the area of structured finance and alternative risk transfer. He acquired, structured and executed transactions in the areas of ABS (CDO), contingent equity and structured (re-)insurance. Mr. Riediker started his career with Zurich Financial Services, where he was responsible for strategic planning and business development of Zurich's group reinsurance business.

On Tuesday, November 24th, the Investment Roundtable will start at 17.30 at the NZZ conference rooms, Falkenstrasse 11, Zurich (same buildings as Goethe Bar) - followed by TAIC networking at 18.30h at the Goethe Bar , Goethestrasse 10, Zurich. Please RSVP and let me know whether you are interested in joining either TAIC or the Investment Roundtable or both events. Please note, that we have limited space available for the Investment Roundtable and registration is handled on a first come, first served basis. TAIC is a pure networking event and meets once a quarter. Our attendees are predominantly asset managers, family offices and asset allocators, and the only role the few attending service providers is that of facilitating introductions. Organized by the founding members Swiss Financial Services and Steinbrüchel Hüssy with generous contributions from:

BRANDING DURING

We are pleased to invite you to our next Investment Roundtable and TAIC networking event on Tuesday, September 22nd 2015 at the Goethe Bar, Zurich. The topic of the Investment Roundtable (17:30), will be: Cheers - Investing in trending beverage companies - a business talk between beverage experts.

William S. Anderson (Founder and CEO)

First Beverage Group

Bill founded First Beverage Group in 2005 to provide growth solutions to the beverage industry. Through the company’s investment bank and private equity fund, First Beverage advises and invests in innovative and transformational beverage brands. Prior to founding First Beverage, Bill was Executive Vice President of Topa Equities, Ltd., a diversified holding company and Top 15 beer distributor group based in Los Angeles. He is also a former attorney with O'Melveny & Myers in Los Angeles. Bill received a B.A. from Bowdoin College in Brunswick, Maine and a J.D. from the UCLA School of Law.

Chad R. Anderson (Co-Founder and President)

Fruit Juice Company

Chad co-founded Edit Fruit Juice Company in 2013 to develop and deliver the first 100% De-Sugared Fruit Juice with only one (1) gram of sugar for the North American market. Concurrently, Chad owns and manages Momentum Three, Inc., an independent consulting and ingredient business serving both Europe and the United States. As an expert in thermal processing and operational efficiencies, Chad spends 7 days a month in Europe developing Best Practices for clients to increase profitability and product differentiation. Chad received a B.S. from Iowa State University in Ames, Iowa.

On Tuesday, September 22nd , the Investment Roundtable will start at 17.30 at the NZZ conference rooms, Falkenstrasse 11, Zurich (same buildings as Goethe Bar) - followed by TAIC networking at 18.30h at the Goethe Bar , Goethestrasse 10, Zurich. Please RSVP and let me know whether you are interested in joining either TAIC or the Investment Roundtable or both events. Please note, that we have limited space available for the Investment Roundtable and registration is handled on a first come, first served basis. TAIC is a pure networking event and meets once a quarter. Our attendees are predominantly asset managers, family offices and asset allocators, and the only role the few attending service providers is that of facilitating introductions. Organized by the founding members Swiss Financial Services and Steinbrüchel Hüssy with generous contributions from:

PARTICIPANT COMMUNICATION

Cheers - Investing in trending beverage companies - a business talk between beverage expert September 2015

TAIC currently hosts four annual events, of which three are after-work networking events. The Investment Roundtable and TAIC Networking Events take place in March, September and November, starting at 17.30 and ending around 21.00. The Investment Roundtable takes place one hour prior to TAIC Networking Events, and its purpose is educational and features boutique businesses addressing unique market relevant topics.

Sponsors were mentioned in all event communication in and around the TAIC (save-the-date, invitation, reminder etc.). Sponsors are able to attend the TAIC with 2-3 attendees. Sponsors are recognized prior to and at the TAIC as one of the main Sponsors. On the day of the TAIC Sponsors are able to provide attendees with give-away goodies and marketing materials.

BRANDING DURING

Oil is not dead, it just smells funny! March 2015

TAIC currently hosts four annual events, of which three are after-work networking events. The Investment Roundtable and TAIC Networking Events take place in March, September and November, starting at 17.30 and ending around 21.00. The Investment Roundtable takes place one hour prior to TAIC Networking Events, and its purpose is educational and features boutique businesses addressing unique market relevant topics.

Sponsors were mentioned in all event communication in and around the TAIC (save-the-date, invitation, reminder etc.). Sponsors are able to attend the TAIC with 2-3 attendees. Sponsors are recognized prior to and at the TAIC as one of the main Sponsors. On the day of the TAIC Sponsors are able to provide attendees with give-away goodies and marketing materials.

We are pleased to invite you to our next TAIC networking event on Tuesday, March 31st 2015 at the Goethe Bar, Zurich. TAIC is a pure networking event and meets once a quarter. Our attendees are predominantly asset managers, family offices and asset allocators, and the only role the few attending service providers is that of facilitating introductions. The topic of the Investment Roundtable (one hour prior to TAIC), will be: Oil is not dead, it just smells funny! An in-depth analysis on the energy market enriched by controversial views presented by our distinguished guests Pablo Gonzalez of Independent Capital Group (www.independent-capital.com/) and Manny Weiss of Marylebone Diversified LLP.”

On Tuesday, March 31st, the Investment Roundtable will start at 17.30h at the NZZ conference rooms, Falkenstrasse 11, Zurich (same buildings as Goethe Bar) - followed by TAIC networking at 18.30h at the Goethe Bar , Goethestrasse 10, Zurich. Please RSVP and let me know whether you are interested in joining either TAIC or the Investment Roundtable or both events. Please note, that we have limited space available for the Investment Roundtable and registration is handled on a first come, first served basis. Dates to note for 2015 TAIC events: September 22nd, November 24th. Our Emerging Manager Event will take place on June 23rd, save-the-date to follow soon. As a founding partner, we are proud of the launch of www.TopTradersUnplugged.com and the quality interviews Niels Kaastrup-Larsen has been able to publish in the last few months. Each week you can listen to insightful and engaging interviews with some of the best traders in the world. Visit www.TopTradersUnglugged.com today – it will be worth your time. Organized by the founding members Swiss Financial Services and Steinbrüchel Hüssy with generous contributions from:

PARTICIPANT COMMUNICATION