A corporate overview of Global Fund Exchange

3. Contents
Our thematic investment universe 3
Earth Wind & Fire Fund 4
AquaTerra Fund 6
Why invest in multi-manager funds? 7
Why invest in energy and natural resources? 8
Key people 9
Risk management 11
Investment strategy Q & A 12
Due diligence process 14
Additional information 16

5. “We are at the forefront of a worldwide dynamic change.
The Energy Revolution will make a lasting difference for
generations to come and will bring economic
opportunities that are far greater and more far reaching
than anything that we have ever seen in the past.”
Lauralouise Duffy, CEO
1

6. Our thematic investment universe
Clean Natural
Energy Water Agriculture
Energy Resources
Wheat
Mining & Soybean
Solar Oil Infrastructure
Exploration Corn,
Cotton
Sugar
Precious &
Water
Wind Coal Rare Earth
Treatment
Metals Biofuel &
Edible Oil
Timber &
Hydro Gas Water Supply
Paper
Agri
Business
Building & Integrated Energy
Water Utilities
Grid Efficiency Utilities Commodities
Agri
Science
Waste to Refining Agriculture Waste to
Energy Services Commodities Energy
Land &
Farming
Exploration & Waste
Geothermal
Production Management
Fertilizer
Biofuels
Forestry
3

7. The EARTH WIND & FIRE Fund is an actively managed, global macro, multi-
strategy, multi-manager investment fund focusing on the future of energy
through 8 segregated portfolios: clean energy, water, agriculture, energy,
natural resources, carbon, systematic trading and hedging.
Our broad spectrum approach to investing across the entire energy grid allows
us to diversify our strategy by geography, sector, asset class and themes. The
fund aims to provide our investors with an opportunity to participate in the
mega macro opportunities around the globe across the entire energy and
scarce resources spectrum while significantly reducing the extreme volatility
normally associated with these markets.
4

8. “We must protect and respect our planet. We have entered into a new
era of social and environmental awareness, one that will support the
sustainability of our energy, water and critical resources and preserve
them for generations to come.”
5 Lauralouise Duffy, CEO

9. Investing in the future of our planet and the most compelling fundamental mega macro trends
facing our world. This prudently managed multi manager fund harnesses the collective expertise
and resources of some of the world's premier niche managers focused on the growing
agriculture, water and scarce natural resources sectors.
6

10. Why invest in multi-manager funds?
• Easy to invest and track performance of one product that
gives access to a diverse group of niche boutique specialist
Ease Of managers around the world
Access • Provides access to funds that are closed or have investment
minimums in the millions
• Tactical asset allocation to global niche experts in their field
• Invest in emerging managers that outperform behemoth
Alpha
institutions
Generation
• Macro sector rotation: overweight positive themes,
underweight unfavorable sectors
• Deep due diligence: Qualitative, Quantitative, Forensic &
Operational
Reduced • Only work with top-tier counterparties & service providers
Risk
• Respected Administrator & Custodian mitigate any disaster
or fraud risk
• Investment pool diversified by asset type, strategy, sector
Reduced
and geography
Volatility • Strategy aims to reduce risk and downside volatility
• Capture alpha through portfolio and strategy diversity
Reduced
• Low correlations between portfolios drastically reduces
Drawdown drawdowns
 Low correlations to most hedge fund, equity & commodity
Return
indices
Consistency
 Since January 2007 portfolio achieved 79% positive months
7

11. Why invest in energy and natural resources?
Population and income growth – the two most powerful forces behind
rising global demand for energy, water and natural resources.
Over the next 20 years… Global shift towards lower
carbon energy & CO2 use
• 1.4 billion projected increase in
population
• 100% projected increase in real income
• Disproportionately increasing demand
for energy, water, natural resources
• Relatively inelastic supply Weather & climate
• Forces up prices, increases investment, anomalies
provides opportunities
China, India & developing
world natural resource
consumption
Rapid industrialization &
urbanization of emerging
markets
Peak Oil vs. Peak Cheap Oil
Population growth of
79 million people/year
8
7

12. Key people
ANRIC BLATT
Chairman
ANRIC BLATT
 Group Chairman since establishment in 2005 Chairman
 Principal activities: strategy allocation, portfolio New York, USA
management, manager research, due diligence,
new product development & structuring
 Experienced specialist investor in energy, hedge
funds, systematic trading and commodities
 Successfully built a number of multi-manager +1 212 570 7970 x 5603
fund management companies over past 15 years AB@globalfundexchange.com
LAURALOUISE DUFFY
CEO
LAURALOUISE DUFFY
 Diverse 20 year career in finance and hedge funds CEO
 Experience across multitude of asset classes, both New York, USA
emerging & developed markets
 Extensive background in risk management,
manager due diligence, legal, compliance,
product structuring and development, and hedge
fund operational management +1 212 570 7970 x 5601
LLD@globalfundexchange.com
JIM MOORE
Director
 Distinguished career in finance spanning almost JIM MOORE
40 years Director
 Holds one of Wall Street’s longest multi-manager New York, USA
track records
 Early pioneer of both discretionary and
systematic commodity trading
 Extensive risk and return management skills
 Special forces veteran +1 212 570 7970
JM@globalfundexchange.com
MICHAEL LEITH SMITH
Director
 Over 40 years experience in the international MICHAEL LEITH SMITH
financial and business community Director
 Extensive directorship experience Frankfurt, Germany
 Versatile and far-reaching skill set
 Wide-reaching global network
+49 173 948 993
9 MLS@globalfundexchange.com

13. NICHOLAS YEAGER
Chief Information Officer
Head of Quantitative Analysis NICHOLAS YEAGER
 Dynamic 13 year career at the cross section of Chief Information Officer
technology and finance Head of Quantitative Analysis
 Experience in quantitative portfolio optimization New York, USA
and risk management
 In depth knowledge of computerized trading
systems, execution platforms,
 Specialist in secure IT infrastructure & +1 212 570 7970 x 5599
communications, disaster recovery and data NY@globalfundexchange.com
retention
HEINI BERETTA
Portfolio Research Analyst
 Sources new European based investment HEINI BERETTA
opportunities Portfolio Research Analyst
 Conducts manager due diligence London, UK
 Worked for over a decade with alternative
investments and complex derivatives at GAM,
Crédit Agricole & Lazard
 Certifications include: Securities and Financial
Derivatives Representative, Investment +44 (0) 7798 855 858
Management Certificate HB@globalfundexchange.com
 Member of CFA UK
LORRAINE KIMMEY
Financial Comptroller
 Over 30 years of experience in the banking and LORRAINE KIMMEY
finance industry Financial Comptroller
 Responsible for the auditing of trading and New York, USA
settlements
 Day to day financial oversight of Global Fund
Exchange companies worldwide
+1 212 570 7970 x 5602
LK@globalfundexchange.com
APRIL LERNER
Research Analyst
 Joined team in 2008 to specialize in global APRIL LERNER
energy and resources sectors Research Analyst
 Holds a B.A., magna cum laude, from Amherst New York, USA
College
 Research background in energy, environmental
economics, renewable energy
 Honors thesis recognized by the Doshisha
University, Kyoto, Japan +1 212 570 7970 x 5598
AL@globalfundexchange.com
11

14. Risk management
Risk Management Guidelines
• Allocation never exceeds 10% of underlying manager‟s AUM
• Only invest in funds with a diverse investor concentration
• Avoid funds that lack reasonable liquidity
• All assets are held in custody of independent custodian and externally administered
• Investment team follows strict order execution process – electronic draft entered,
approved by firm principals, final execution by independent custodian
Asset Allocation
• Macro strategy implemented through top-down strategic approach
• Asset class, geography, sector, strategy diversification without dilution
• Rigorous profit taking – avoid compressed risk by sector outperformance
• Deep qualitative, quantitative and forensic study of underlying portfolios and
advisors
Liquidity
• Liquidity is always considered before making an investment
• Liquidity of our portfolios is calculated monthly to ensure we can deliver
• Liquidity transparency is made available to our investors
• No leverage applied at fund of funds level.
Quantitative Analysis
• All portfolios subject to grueling stress tests
• Monthly portfolio optimization and advanced algorithms used to compare invested
vs. on-deck vs. watch list assets
• Proprietary database of hedge funds, market indices and ETFs updated monthly
• Data used to test various portfolio scenarios and investment weightings
• Monthly „Risk and Rank‟ report review of invested funds and >100 watch list funds,
all of which we have relationships with and are potential investments
• Weekly estimates of all invested funds to better monitor short term correlations,
estimate to final performance variance and force weekly contact with all managers
Qualitative Analysis
• Both scheduled and „surprise‟ on-site visits required prior to investment
• Investment team and operational staff are interviewed several times
• Qualitative team analyzes each potential fund, produces a detailed report and
assigns investment grade
• Complete background check on all key people conducted using premier security
forensic research consulting firm
• Full audit and verification of all fund counterparties in order to virtually eliminate
11 counterparty risk

15. Investment Strategy Q&A
What is driving new opportunity in this space?
Global policy changes, stimulus spending, subsidy programs, legislation emissions and
fuel restrictions are being implemented in developed and developing countries alike,
opening new opportunities for both emerging energy and cleaner forms of traditional
energy. Cash-flow rich integrated energy companies, sovereign wealth funds, pension
funds, utilities and technology companies worldwide are spending vast amounts of
money in the energy, commodity and natural resources sectors right now.
What first drew you to this strategy?
Every person needs the vital resources of energy, water and food. The stress on these
assets due to population growth, industrialization and finite / declining resources has
created a MUST outcome for the planet. At the same time, every developed country in
the world is focused on how to provide energy and food security for its people. Every
major corporation in the world is focused on the business opportunity and how to be a
part of it. We recognize that these sectors represent the mega macro trends for the next
decades and beyond.
How do you identify opportunities?
Our investment direction is primarily driven by our extensive macro research. We focus
on large, long term profit opportunities brought about by increasing demand for energy
and commodities, fuelled by increasing population and accelerated industrialization of
emerging economies. We track and capitalize on investment themes brought about by
global policy shifts, legislation and stimulus. We closely monitor the flow of capital into
these sectors.
Describe your typical allocation strategy.
Our portfolios are weighted accordingly across our three primary sectors:
 Equity sensitive strategies (predominantly long-biased):
clean energy, water, agriculture
 Commodity sensitive strategies (demand and policy sensitive):
energy, natural resources and carbon & emissions
 Alpha/Trend sensitive strategies (showing negative bear market correlation to
equity sensitive strategies):
systematic traders, uncorrelated hedges, cash and equivalents.
How do you determine sector weights and allocation sizes?
We allocate capital to sectors that show the most potential, while taking profits or
reducing allocations to sectors that have already experienced significant outperformance.
The size of an allocation is impacted by the underlying manager‟s ability to deploy capital
profitably, manage risk and downside volatility. If our research indicates uncertain
times ahead for a particular sector, we proactively limit our exposure, and redistribute
capital to sectors that show more promise. Sector allocations and weightings are also
limited by our risk management policies. Positions are sized according to expected and
realized volatility. 12

16. “The World Water Council warns that humans are extracting fresh water
at rates up 100x the natural replenishment rate. Water and energy are
inextricably linked and so are the investment opportunities associated
with their scarcity.”
Anric Blatt, Chairman

17. Due diligence process
 Complete legal document review  Is this a sensibly conducted business?
 Verification of service providers  Compensation structure
 Worst case scenario liquidity analysis  Focus on references
 Investigation of side pockets, side letters  Threading key people
PROSPECTUS PEOPLE
• Fund Structure • The Organization
• Terms & Conditions • Ownership Structure
• Liquidity • Philosophy
• Reputation
• Key Man
PORTFOLIO PROCESS
• Useful Transparency • Investment Strategy
• Value add to sub portfolio • Risk Management
• Correlation • Decision making
• Risk & Return analysis • Operations
PERFORMANCE
• Track record
• Financial Statements
• Independent verification
• Regulatory reports
 Do not take manager‟s word, verify  Identification of core expertise
 Analysis against peers  Investment decision rules
 Truly understand portfolio and be able to  Do they stick to the rules?
value it independently  Independent risk management?
 Weekly estimates  Robust process?
14

18. “Treat the Earth well. It was not given to you by your parents.
It was loaned to you by your children.”
Kenyan Proverb

19. Additional Information
Manager & Service Provider Details
Investment manager Global Fund Exchange Ltd.
20 Genesis Close, P.O. Box 1344
Grand Cayman, KY1-1108
Cayman Islands
Administrator Deutsche Bank Alternative Fund Services
Custodian Deutsche Bank (Cayman) Ltd.
Auditor EisnerAmper LLP
Legal Advisors Walkers LLP - Cayman Tannenbaum – USA
Contact Information
Corporate Headquarters Global Fund Exchange
20 Audrey Avenue
Oyster Bay, NY 11771
United States of America
+1 212 570 7970
www.globalfundexchange.com
Manager email info@globalfundexchange.com
Service Provider
Deutsche Bank
www.db.com www.eisneramper.com
www.walkersglobal.com
www.dmsmanagement.ky www.thsh.com
16

20. Notes
16

21. Disclaimer
Use of this presentation is governed by our User Agreement. The content contained in this presentation is believed to be accurate at
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Before making an investment decision with respect to the Earth Wind & Fire Fund Ltd (the “Fund” or “EW&F Fund”) managed by
Global Fund Exchange Ltd. (the “Investment Manager”), potential investors are advised to read carefully the respective offering
documents (including any relevant underlying agreements) and the related subscription documents regarding the Fund when they
are available, and to consult with their tax, legal, ERISA and financial advisors. This document contains a preliminary summary of the
purpose and principal business terms of the Fund; this summary does not purport to be complete and is qualified in its entirety by
reference to the more detailed discussions to be contained in the Fund’s offering documentation. The Investment Manager has the
ability in its sole discretion to change the strategies described herein. This document is being provided to you on a confidential basis
solely to assist you in deciding whether or not to proceed with a further investigation of the Fund. This material is provided for
informational purposes only as of the date hereof and is subject to change without notice. Accordingly, this document may not be
reproduced in whole or part, and may not be delivered to any person without the consent of the Investment Manager. This material
may not be suitable for all investors and is not intended to be, nor shall it be construed as legal, tax or investment advice or as an
offer, or the solicitation of any offer, to buy or sell any securities. No offer or solicitation may be made prior to the delivery of the
Fund’s respective offering documents to qualified investors. Before making any investment, you should thoroughly review a Fund’s
offering documents with your legal, tax and investment advisors to determine whether an investment is suitable for you in light of
your investment objectives and financial situation.
An investment in any Fund is not suitable for all investors. Although believed to be reliable, the information contained herein,
including investment returns, valuations, fund targets and strategies cannot be guaranteed. Global Fund Exchange makes no
representations or warranties as to the accuracy, validity or completeness of such information. This material is not complete and is
subject to the more complete disclosures and terms and conditions contained in a particular Fund’s offering documents, which may
be obtained directly from the Fund. No representation or assurance is made that any Fund will or is likely to achieve its objectives,
benchmarks or targeted returns or that any investor will or is likely to achieve a profit or will be able to avoid incurring substantial
losses. Past performance is no guarantee of future results. The Fund is NOT subject to the same regulatory requirements as mutual
funds, including mutual fund requirements to provide certain periodic and standardized pricing and valuation information to
investors. You should note the following: The Fund represents a speculative investment and involves a high degree of risk. An investor
could lose all or a substantial portion of his/her investment. Any investment in the Fund should be discretionary capital set aside
strictly for speculative purposes. The Funds may invest outside of the United States, which may involve greater risk. Strategies
intended to hedge risk may be partly or wholly unsuccessful. An investment in the Fund is not suitable for all investors. . The Fund's
performance may be volatile. The Fund may use benchmarks or targets for measurement purposes.
There is no guarantee that the Fund's goals, objectives, benchmarks or targeted returns will be achieved or reached. The Fund's fees
and expenses-which may be substantial regardless of any positive return-will offset the fund’s trading profits. The Fund and its
managers/advisors may be subject to various conflicts of interest. This summary is not a complete list of the risks and other
important disclosures involved in investing in the Fund and is subject to the more complete disclosures contained in the Fund’s
respective offering documents, which should be read carefully. This document contains forward-looking statements, including
observations about markets and industry and regulatory trends as of the original date of this document. Forward- looking statements
may be identified by, among other things, the use of words such as “expects,” “anticipates,” “believes,” or “estimates,” or the
negatives of these terms, and similar expressions. Forward-looking statements reflect the Investment Manager’s views as of such
date with respect to possible future events. Actual results could differ materially from those in the forward-looking statements as a
result of factors beyond the Fund’s control. Investors are cautioned not to place undue reliance on such statements. No party has an
obligation to update any of the forward-looking statements in this document. These materials should only be considered current as
of the date of publication without regard to the date on which you may receive or access the information. The Investment Manager
maintains the right to delete or modify information without prior notice. Charts, tables and graphs contained in this document are
not intended to be used to assist the reader in determining which securities to buy or sell or when to buy or sell securities. The fund
has limited operating or performance history. The performance shown is for illustration purposes, should not be relied upon, does
not necessarily reflect actual investor performance, and is not indicative of the results which may be achieved by the EW&F Fund in
the future. Past performance is not necessarily indicative of future results. There can be no assurance and no representation is made
that the Fund will make any profit, and a total loss of principal may occur. The use of differing performance calculation
methodologies may produce different results, and the Fund's performance Information may not be comparable to the performance
information provided by other funds or managers. Individual investors may not get the exact performance quoted above as the
interaction of fees, timing of investment and high-water mark may affect investors differently. Past performance is definitely not
indicative of future performance. There can be no assurance and no representation is made that the fund will make any profit, and
as with all investments, a total loss of principal may occur. Prospective investors should refer to the Confidential Offering
Memorandum of the fund for a detailed discussion of the risks and other considerations involved with making an investment in the
Fund. No representation is being made that the Fund will or is likely to achieve its objectives or will or will make any profits similar to
or will not incur substantial losses. Past performance is not a guarantee of future results. The information in this presentation is not
intended to constitute legal, tax or accounting advice or investment recommendations and clients should consult their own advisors
on such matters.