Mistral Global Equity Fund (euro) UCITS IV

Mistral Global Equity Fund consists of investments that we believe are underpriced relative to their intrinsic or fundamental value. We look for absolute returns rather than relative level to a benchmark. The Mistral fund employs a disciplined investment strategy, investing in companies with a strong franchise, good business qualities and shareholder-oriented management. The fund seeks to identify underpriced stocks to their intrinsic or fundamental value. These mispricings may be caused by, among other things, general market conditions, a company-specific issue that Osiris believes is temporary, a change in management or strategic direction, or a variation between ours assessment of a company or its market and that of other market participants. We frequently seek to hedge our equity investments with short positions in stock market indices or long put options to mitigate tail risks.