Atorus, LLC 8/4/2014 Current Date: 8/4/2014 Change on Day: -0.06% Total Return since 1/1/12: 98.35% MSCI World Change on T12M Return: 35.67% Day 0.26% T90 Day Return: 6.63% No of Positions T30 Day Return: -5.75% (+MTM) on Day 213 Current Long Exposure @ Cost: 5,653,315 No of Positions (4A7M) Current Short Exposure @ Cost: (1,306,275) on Day 144 Net Exposure: 4,347,040 Current No. of Starting Capital: 1,000,000 Positions: 385 Current NAV: 1,983,504 Current Leverage (Gross Exposures): 3.51 MIS Profit Factor: Win Ratio: T24M (+) NAV Days T24M Avg. Daily NAV (+) Change T24M Avg. Daily NAV (.) Change Target Vol-Adj. Risk Listed Equities Target Vol-Adj. Risk Global Macro Targeted Max Loss (ex-Leverage) Leverage Target At Inception: Notes on Leverage: T24M Sharpe Ratio: Sharpe Since 1/1/12: Historical Sharpe & Notes: Historically 2.25X • 3.25X, depending on measurement Interval 40% - 50% histor tally 53% 0.98% 0.90% 50.00% 50.00% 10.00% 2X No. of Profitable Positions T12M 62.23% Avg. Realized Gain / Avg. Realized Loss 3.17 We implement leverage of 2X, in other words at inception we upsize our positions by a factor two times greater than our volatility adjusted position sizing. Leverage levels can be customized to eac h investor. 1.21 1.30 Historical sharpe ratio is in excess of 2.0X (backtest from 1995, see Investor Presentation). Our sharpe ratio increases materially during market downturns in excess of 20 days of realized volatility. Since we generate positive returns in these environments, the variance in our downside volatility is materially less than broader markets. Recessions, which generally result in market directionality in excess of 20 days of volatility are significant alpha capture opportunities for us. Additionally, by never dollar cost averaging and concurrently adding to our winners we have an inherent assymetry in our volatility profile. 2,200,030.00 2,000,000.00 1,400,000.00