Equity Long Short Fund

The objective of this Sub-Fund is to achieve long-term capital growth by investing all or substantially all (i.e. at least 85%) of its investable assets in Engadine Equity Fund, a Cayman Islands exempted company registered as a regulated mutual fund with the Cayman Islands Monetary Authority and incorporated under the laws of Cayman Islands on 2 September 2016 (the "EEF”) which in turns invests all of its investable assets in Engadine Equity Master Fund an exempted company incorporated under the laws of Cayman Islands on 2 September 2016 (the “EEMF”).