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7.4. Portfolio Management

The portfolio management function of the Fund and its Investment Compartments shall be exercised by its  Manager as it stems out from its Articles and the Investment Management Agreement that its exclusive purpose is the management of its portfolio in accordance with the AIF Law.

The  Manager shall have full discretion, powers and authorities to manage the assets of the Investment Compartments, in accordance with the Laws, the Memorandum and Articles of Association, this Offering Memorandum and any Supplement. In particular, the  Manager shall have full authority to make any acquisition or disposal and generally deal in the assets of any Investment Compartment, including:

1.  to purchase or otherwise acquire, sell or otherwise dispose of, convert and invest in underlying investments; 

2.  to enter into, make and perform all contracts, agreements, and other undertakings, including any and all arrangements with market intermediaries and agents performing services in relation to transaction services on behalf of any Investment Compartment, to the extent that they are in compliance with the Laws, the Investment Policy, and/or the rules, regulations and practices of the relevant markets, where applicable; 

3.  to give all instructions necessary to execute all subscriptions, redemptions, negotiations of rights and adjustments linked to the assets of any Investment Compartment;

4.  to arrange for the deposit of cash of any Investment Compartment with the Depositary, or for their disposition and payment of investments or acquisitions; 

5.  to take all investment decisions concerning the relevant Investment Compartment including the exercise of voting rights attached to the investments and other powers and discretions conferred on the owner of the assets forming the portfolio of the relevant Investment Compartment at its complete discretion, subject to any specific instruction from the relevant Investment Compartment in relation to any particular investment.