Company Profile

It’s only when the tide goes out that you learn who’s been swimming naked

Warren Buffett

INDex

1) Nextam Partners Group - The founding partners - Investment solutions

2) Nextam Partners SIM SPA - The Mission - The values

3) Independent Advisory - Our operating methods - The advisory process

4) Additional bespoke services - Administered accounts - Order collection and execution - Placing third-party funds for private clients - Additional advisory services

Nextam PartNers GrouP

1

Nextam PartNers GrouP

With offices in London, Milan and Florence, Nextam Partners Group is an independent partnership of professionals that operates in both asset management, mutual funds, sicav and alternative funds as well as in financial advisory for institutions and high net worth individuals through three operating companies: Nextam Partners SGR SPA, Nextam Partners SIM SPA and Nextam Partners Ltd.The group was founded by three of the partners with twenty years’ experience working together as asset managers; today they still have investment responsibility and are completely independent of the banking and insurance sectors.

NEXTAMPARTNERS SGR SPAEstablished in 2001

NEXTAMPARTNERS LTD Established in 2001

NEXTAMPARTNERS SIM SPAEstablished in 2009

1/1

tHe FouNDING PartNers

A well tested and tried team of asset managers: thanks to their over twenty years’ experience in the asset management field, the asset managers set up a company that was completely independent of the banking and insurance sectors in order to ensure clients and partners’ interests were perfectly aligned.The fact that the asset managers and the partners of Nextam Partners are the same people is an even bigger guarantee of stability compared with the frequent changes in asset management responsibility and advisory often found in Italy.

Nicola Ricolfi, Alessandro Michahelles, Carlo Gentili

1/2

INVestmeNt soLutIoNs: Nextam PartNers sICaV

The Sub-Funds

Liquidity Bonds Balanced and Flexible Equity

Liquidity Income Strategic International Equity

Fidela Italian Selection

Multimanager American EquityMultimanager Asia Pacific EquityMultimanager European Equity

Multimanager Emerging Markets Equity

Nextam BInver InternationalNextam CITIC Securities China Fund

USA Value FundCapital International Absolute Income Grower

Ver CapitalCredit Fund

INVestmeNt soLutIoNs: ItaLIaN DomICILeD FuNDs

Bonds Balanced

Nextam PartnersObbligazionario

Misto

Nextam PartnersBilanciato

1/4

The funds

Nextam PartNers sIm sPa

2

tHe mIssIoN

Nextam Partners SIM is the first real Italian Family Office to be established by fund managers thanks to their experience and the way they operate on markets.

The SIM is located in Nextam Partners Group’s offices and has a specific Equity Research Office to help investors analyse, assess and plan their investments.

It carries out all the activities connected to the advisory service: consultancy, asset custody, order collection and executing, placement of third party funds and other advisory services.

Though Nextam Partners SIM is part of a group that includes an asset management company with the same name, it does not use the group’s products but only those of top-notch third party houses, thus it is a sort of boutique of boutiques.

2 /1

tHe VaLues 2 /2

Transparent analysis

Methodologicalrigour

Client’s interests placed at the centre

of the business

Experience and confidentiality

A dedicated service

Total independence

3INDePeNDeNt aDVIsorY

3

HoW We oPerate

The investment advisory service taps the independence and skills of its partners and the transparency, both as regards clarity in the investment services and the ability to deliver in-depth reports.

Since Nextam Partners SIM is not bound to any one asset manager and/or broker by any agreement that provides for the payment of retroactive fees, it avoids any possible conflicts of interest and acts only and exclusively in the interests of its clients.

The service offered is particularly suited to the needs of: - private investors and family-run industrial groups with sizable assets - institutional investors (banking foundations, banks and pension funds) in order to safeguard the funds their clients have entrusted them with to meet future pension and statutory payments.

3 /1

tHe aDVIsorY ProCess

The advisory process is divided into in a number of bespoke activities that can be adapted to the needs of the interlocutor. The most important steps can be summarised as follows:

1. Initial analysis of the current portfolio 4. Monitoring the portfolio and analysing the main macroeconomic variables

2. Selecting the Asset Allocation Strategy 5. Support in handling relations with counterparties

3. Selecting each single financial instrument and choosing the asset manager

6. Periodical reporting and risk management activities

3 /2

tHe aDVIsorY ProCess

1. Initial analysis of the current portfolio

• Analysis of the asset portfolio, which is often divided among numerous brokers• Analysis of each single investment based on their yield, implicit and explicit costs and the real possibility to liquidate them• Valuation of the financial assets and the portfolio as a whole

2. Selecting the Asset Allocation Strategy

• Establishing the most efficient risk profile based on the client’s financial targets using a proprietary asset allocation model• The model aims to really diversify the various asset classes and to stabilise yields through rigorous monitoring and control of risks • The goal of the model is to keep the chosen investment profile within a tight expectation range over time, in so doing limiting fluctuations and overcoming the limits that exist in traditional models

3 /3

tHe aDVIsorY ProCess

3. Selecting each single financial instrument and choosing the asset manager• Selection of the most suitable financial instrument to reach the yield target using a highly personalised product and with great attention to the fact that it must be able to be liquidated, it must be transparent and it must not be complicated

• Selection of top-notch international asset managers, many of whom are not known on the Italian market, completely independent. The choice of asset manager is based on the interlocutor’s particular laws and regulations

4. Monitoring the portfolio and analysing the main macroeconomic variables• Daily monitoring and comparison of the portfolio trend on the set expiry date with the benchmark financial market cycles

• Analysis of the main macroeconomic trends (GDP, inflation, decisions of central banks, interest rate curves) and global financial flows in order to monitor investors’ risk aversion

3 /4

tHe aDVIsorY ProCess

5. Support in handling relations with counterparties

• Help for clients in handling relations with counterparties and financial brokers during sale and purchase transactions• Investment and divestment scheduling depending on clients’ liquidity needs• Wide flexibility in scheduling periodical meetings with clients to support their investment decisions, as regards both how often the meetings are held and the request for in-depth information on specific matters

6. Periodical reporting and risk management activities

• Preparation of monthly reports, or even more often depending on clients’ specific needs, on the state of the consolidated portfolio• The reports for our clients are an example of in-depth and transparent analysis• The analyses of product portfolios are also useful tools for accounting, monitoring and control purposes and for use by the executive decisional bodies

3 /5

aDDItIoNaL BesPoKe serVICes

4

tHe aDDItIoNaL BesPoKe serVICes

In order to guarantee a highly specialised service that meets the needs of each client, be they private or institutional, a wide range of additional bespoke services are guaranteed

1. Administered accounts 3. Placement of third-party funds

2. Order collection, transmissionand execution 4. Other advisory services

4 /1

tHe aDDItIoNaL BesPoKe serVICes

1. Administered accounts

• Custody of securities and control of accounting entries for financial instruments• Handling renewals and cashing-in of coupons, interest and dividends• Checking the core activities for capital reimbursements or for the allocation of premiums

2. Order collection, transmission and execution

• To ensure clients’ instructions are executed correctly, in so doing avoiding any price distortions and offering significant efficiencies that are often quantifiable as a number of basis points• The trading desk, with its internally developed trading platform, boasts relations with the main Italian and international institutions and offers a bespoke service for the brokerage of financial instruments

4 /2

3. Placement of third-party funds

• Selection of a wide variety of funds of top-notch investment houses or third-party boutiques, funds that are rarely accessible through the traditional bank channels• Selection of third-party asset managers is based on the principle that the performance of each portfolio is the outcome of the asset manager’s experience, culture and discipline in its own organisation

4. Other advisory services

• A team specifically to assess corporate finance and extraordinary finance transactions• Support in the analysis of M&A operations, asset disposals company’s financial structure and business planning

4 /3tHe aDDItIoNaL BesPoKe serVICes

Via Bigli 1120121 Milan – ItalyT.: +39 02 76 45 121

F.: +39 02 76 45 12 99

Via Bigli 1120121 Milan – ItalyT.: +39 02 76 45 121

F.: +39 02 76 45 12 55

Via Maggio 750125 Florence – ItalyT.: +39 055 01 25 116F.: +39 055 01 25 113

5 Hollywood Court, Hollywood RoadSW10 9HR London – UK

T.: +44 20 73 51 27 79F.: +44 20 73 49 08 39

info@nextampartners.comwww.nextampartners.com

This brochure is the presentation to institutional investors of the companies that are part of Nextam Partners Group and the services and products offered by each operating company that is part of the group. This brochure is not an offer for investment products and services. We remind you that any investment decisions must be preceded by a careful analysis of your economic and financial needs, which must be done with the help of someone who is specifically qualified to carry out the activity, and that you must have first read the relevant information pertaining to the services and products.