Fokion C. Karavias

Closed-End Investment Fund/Investment Trust

Functions as a College/University

Provides commercial banking and financial services

Engages in banking businesses

Supports stock exchange activities

Provides corporate and investment banking services and money market and brokerage services

Eurobank EFG Private Bank Luxembourg aligns their investment approach with the Group's values of growth, quality and innovation. They actively seek to employ the international private banking strategy of the Group. They also assure the Group's tradition of personal service and confidentiality. Eurobank EFG Private Bank Luxembourg's investment objective is to meet the needs of their clients. They offer integrated strategies and draw on a wide range of investment strategies and options designed for their clients' profiles. They tend to the administration needs of complex fund structures such as mutual funds, PE/VC funds, real estate investment fund of funds, funds of hedge funds as well as institutional accounts. The bank also draws on asset globalization techniques including multiple share classes, multi-manager funds and master feeder structures.

GFM is an active, value-oriented manager which invests in debt and equity in Russia, Turkey, Poland, Hungary, the Czech Republic, Egypt and the Balkans, with the largest part of their investment in Russia and Turkey. In addition, the firm invests in Greek companies that are present or have expansion prospects in these regions. GFM's investment strategy is based on the investment team's experience in emerging markets, the selection of companies with strong fundamentals and good development prospects and the objective of absolute performance rather than performance relative to a benchmark. The firm does not limit their universe to index constituents. They also invest in companies which they believe have the potential to participate in the indexes. GFM establishes each market's weight in their portfolio based on various factors beyond the strict country allocation procedure. The firm pays great attention to sector allocation as well as the valuation of each individual stock. Because the global macroeconomic outlook affects the medium-term course of the emerging markets, GFM considers it in their decisions. Another significant factor in the firm's stock selection is the liquidity of the individual stocks. GFM will not invest heavily in a company if their shares do not meet their internal liquidity criteria.

Functions as a College/University