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The Salvo BCI Global Managed Feeder Fund aims to provide investors with long-term capital growth. The portfolio invests, apart from assets in liquid form, solely in the participatory interests of the Salvo Global Managed Fund PC, established under the SA Alpha PCC Limited, domiciled in Guernsey. The underlying portfolio invest across asset classes and other portfolios in order to obtain its objective. To the extent that the assets in the portfolio are exposed to exchange rate risk, the manager may enter into financial transactions for the exclusive purpose of hedging such exchange rate risk subject to the conditions and limits as stipulated by the Act. The Trustee shall ensure that the investment policy set out in this Supplemental Deed is carried out. For the purpose of this portfolio, the manager shall reserve the right to close the portfolio to new investors on a date determined by the manager. This will be done in order to be able to manage the portfolio in accordance with its mandate. The manager may, once a portfolio has been closed, open that portfolio again to new investors on a date determined by the manager
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