BrunnerInvest has had its own fund of funds products since 1995. These funds are based on a mix of long-only and long-short equity funds. Since launch every fund has been managed by BrunnerInvest’s fund management team. Every fund has been licensed for public distribution and marketing by the Swiss Financial Market Supervisory Authority FINMA.

Star MM Funds PLC »	SEC-ID	Currency	NAV's*	Cumulative Perf. since 01/1999	Performance	Monthly reports
Circle E Fund » MSCI Europe Index	513'898	CHF -	426.52	90.5% -31.1%	-7.9% -14.9%
Multi Mondial Fund** »  MSCI Europe/Golden Dragon Index	336'553	CHF -	172.62	53.5% -30.6%	-9.6% -9.8%
Circle A Fund » MSCI AC Pacific Index	336'557	USD -	182.75	83.3% 34.4%	-9.9% -6.8%
Ciran Emerging Markets Fund » MSCI EMF Index	709'490	USD -	230.69	195.3% 207.0%	-6.3%  -7.2%

*(excl. sales commission)

**Multi Mondial Fund: The fund invest equally in long-short equity funds that are focused on Europe and Greater China. The gross performance from January 2007 up to December 2009 is based on a back-tested portfolio. The portfolio is based on 8-10 long-short equity funds. Since January 2010 the real net performance of the portfolio is shown. The overall performance and ratios are a combination of back-tested and real figuers.

Dealing Day: The first business day in Ireland of each month. The completed application form and subscription amount must be received before 5 p.m. (Irish time) on the business day prior to a dealing day. A trade presented for processing after the dealing deadline specified above shall be taken as a late dealing trade. Such trades will not be accepted and will be automatically carried over to the following month.

Barracuda Funds »	SEC-ID	Currency	NAV's*	Cumulative Perf. since 05/2004	Performance	Monthly reports
BlueSpring Fund » MSCI World Index	1'822'039	CHF -	177.60	4.5% -16.9%	-13.7%   -7.0%

The BlueSpring Fund is valued as of the last business day of each month in Zurich. Subscriptions must be received by Falcon Private Bank (former AIG Privat Bank AG) Zürich before 2.30 p.m. at the latest on the 20th calendar day to be processed on the last business day in Zurich of that month.

Important
You will find our prices in the fund database of the SIX Swiss Exchange and also in the newspapers Neue Zürcher Zeitung, Tages-Anzeiger and Finanz & Wirtschaft.

The value of an investment may decline as well as increase. Past performance is not a guide to future performance.