SPHERA SMALL CAP FUND

Sphera Small Cap Fund is focused on long/short equity investments in small and micro- cap stocks of Israeli companies. Their investment strategy is predicated on fundamental analysis and stock-picking methodologies. They execute our strategy through intensive due diligence, bottoms-up research and ongoing dialogue with management teams. They aim to have a clear edge in the small cap market segment due to our deep research and portfolio management focus compared to the relative lack of market coverage and resources dedicated to small cap stocks by institutional investors.