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MARKETPLACE INVESTMENT FUND
308 East Bay Street P.O. Box N
10846 Nassau, Bahamas
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MARKETPLACE INVESTMENT FUND

• Fact Sheet
• Management
• Advisory Team
• Investment Philosophy
• Our approach - Risk management
• Trading strategy
• Details on the Fund
• Taxation

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1. Fact Sheet

• Fund name Marketplace Investment Fund Ltd.
• Strategy Focus on European and US stocks
  markets. Strategies may involve half-hour
  trading, management of volatility and markets
  fluctuations by engaging in transactions on
  options. Use of a proprietary technical
  analysis.
• Target Performance Achieve positive absolute
  returns in all market conditions over an
  extended time horizon by reducing risk
  through lower volatility.
• Investment Manager Marketplace Management Ltd,
  Bahamas
• Incorporation Date July 22nd 2004

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2. Management
Board of Directors AND Limited and ACD Limited
have been appointed as the initial directors
of the Fund. Investment Manager
Marketplace management Ltd has been appointed as
the Investment Manager of the Fund Director
of Management company is Noble Services LLC,
New York, USA. Administrator Arner Bank
Trust (Bahamas) Ltd. has been appointed as
Administrator, Registrar and Transfer Agent
for the Fund under the terms of an
Administration Agreement.
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3. Advisory Team
Marcus Custance M. Custance has been a Senior
Investment Professional with Prudential
Securities, Lehman Brothers, Dean Witter
Reynolds, Union Investment Management and Man
Financial Ltd, and has significant experience of
all aspects of alternative investment trading,
risk, compliance and sales. Marcus has spent time
with well-known Market Wizards and learnt how
many Fund Managers control risk and performance,
to best serve the client he brings to the fund
an unparalleled level of technical and market
expertise. After twenty years in major Brokerage
Houses, where he executed trades for some of the
well-known hedge and future funds, as well as
High Net Worth Individuals, M. Custance achieved
a unique perspective of floor trading and office
dealing, and was able to construct a methodology
that would stand the test of time and the switch
from floor to screen based trading.M. Custance
has been 2nd ranked World Wide Alternative
Investment Manager for Qtr 4 2001 and 5th for
Year 2001 and 1st Ranked within the specific
diversified managed futures by Nelsons for four
quarters ending March 2002 period.
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3. Advisory Team
Laurent Meyer After a degree in Economic and
Social Science at Geneva University in 1986,
holding Swiss nationality, L. Meyer started his
experience in financial markets in 1986 working
with a brokerage firm in London, Discount Broker
International. Then in 1987, he joined Management
Joint Trust as a consultant and market advisor to
financial institutions using risk and timing
analysis on most financial markets (stocks,
currencies, rates, indices and commodities) he
provided advisory and support to clients, mostly
banks and portfolio managers. In 2002, he
developed his own trading system to manage
private accounts and started to collaborate with
Trigone Capital Finance, a prime brokerage firm
in Geneva, to provide advisory services to their
clients. His trading system is based on cycle
analysis for timing purposes on different
investment time horizon, supported with Elliot
wave analysis and with a proprietary tool for
risk and timing analysis called DDS (Dynamic
Decision System).
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3. Advisory Team
Riccardo Cornacchia R. Cornacchia was formerly
President of Major Markets srl (a Commissionaria
in Valori Mobiliari in Italy), he was responsible
of market analysis and part of the trading team
on Italian and US markets, including the option
conversion market, a highly specialized sector.
He was then part of Dean Witter Reynolds in
Lugano, a team that traded and managed private
and institutional investors on the US markets. He
studied Business Finance at Loyola Marymount
University, Los Angeles USA and graduated in
1989. He then passed a General Securities NYSE
(New York Stock Exchange) NASD (National
Association Securities Dealers) Registered
Representative, Series 7 exam, in London 1991.
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4. Investment Philosophy
Seeking to raise EUR 50 million, the fund
trading program will be focused on European and
US markets. The investment objective is to
increase the funds Net Asset Value by investing
in stocks, bonds, structured products and money
market instruments, reducing risk through lower
volatility by fractional use of options and
futures contracts. The fund combines proprietary
technical systems and discretionary trading
expertise. The funds aim is to take profit
opportunities despite rising or falling markets
thanks to specific setting of risk tolerance
parameters.
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5. Our Approach - Risk Management

• Trading and hedging considerations - The Fund
  engages in relative value trading and intends to
  achieve positive absolute returns adopting long
  only strategy together with the protection of
  shorting the relative index. Positions are
  constantly monitored, and after a 5 movement a
  stop-loss level is determined to limit capital
  risk exposure both on half-hour trading and long
  term strategy.
• Volatility Positions are reviewed on a weekly
  basis to monitor volatility as well as
  correlations of volatilities between the
  different positions of the Fund. The Fund targets
  an upper limit of 0.33 volatility. Intraday
  liquidity is maintained by using half-hour
  trading techniques mainly on blue chips stocks.
• Use of leverage - The Investment Manager and the
  Investment Advisory Team intend to lower
  volatility through limited use of futures
  contracts (max leverage ratio is 3 to 1 either
  long or short) and adopting strategy techniques
  that can involve simple or composite options.
• Counterparties, diversification, asset allocation
  No investment of more than 10 of gross assets
  is made in any one issuer. No exposure of more
  than 5 of gross assets to the creditworthiness
  of any one counterparty. Executions done with
  major investment banks and brokers. All
  transactions executed cash against delivery.

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6. Trading Strategy

• The strategy combines the power of systematic
  computer systems with discretionary trading
  expertise.
• Strategy exploits profit opportunities arising
  from rising and falling markets within set risk
  tolerance parameters.
• The analytical system incorporates Bollinger
  bands, high-low breakouts, Fibonacci algorithms
  and a proprietary system based on risk and timing
  analysis, the DDS (Dynamic Decision System).
• All positions have stop levels specifically
  calculated and adjusted for the stocks traded.
• Correlation between Delta, Gamma and Theta of
  traded stock using the following types of
  options Bull spread Bear spread Butterfly
  Straddle Strangle Call/Put Ratio back-spread.

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7. Details of the Fund
Fund name Marketplace Investment Fund Ltd.
Value numbers Telekurs 1915716 - ISIN
BSP6463T1065 - Cusip P6463T106 Domicile Nassau
(Bahamas) Investment Manager Marketplace
Management Ltd, Bahamas Investment
Advisor Advisory Team Directors Noble Services
LLC, New York, U.S.A. Prime Brokers Man
Financial, Lehman Brother, Piazza Affari
SIM. Administrator Arner Bank Trust (Bahamas)
Ltd. Board of Directors AND Limited (Bahamas)
and ACD Limited (Bahamas) Auditor To be chosen
between Price Waterhouse Coopers - Andersen
Consulting- Ernst Young
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Details of the Fund (cont.)
Management fee 1.0 per annum, based on the
Funds total net assets. Performance fee 20 of
the net return calculated as the increase in Net
Asset Value per share. Redemption 30 days
notice Incorporation date July 22nd
2004 Initial Offering Period Until 31st March
2005 Minimum investment Initial investment of
50000 per subscriber. Initial investment of
10000 per investor. Preferred subscriber Banca
Arner, Banca del Gottardo.
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8. Taxation

• The Fund
• Under current laws of the Bahamas, the Fund will
  not be subject to taxation other than an annual
  license and filing fee (currently USD 1,450) and
  annual Company Registration fee (currently USD
  1,000.00). The Fund should generally not be
  subject to any tax on its entire income and
  revenues in any other jurisdiction, although the
  Fund may be subject to income taxes or
  withholding taxes at source on dividend, interest
  and capital gain income derived from certain
  jurisdictions.
• The Shareholders
• Persons interested in purchasing the Shares
  should inform themselves as to any tax
  consequences particular to their circumstances
  arising in the jurisdiction in which they are
  resident or domiciled for tax purposes in
  connection with the acquisition, ownership,
  redemption or disposition of the Shares.
• Each shareholder should consult a tax advisor as
  to his own tax position.

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9. Disclaimer
Please note that this is not an offering
circular and it should not be relied upon for
your investment decision. Investment in the
Marketplace Investments Fund should be made only
on the basis of the prospectus of The Fund and
only after due consideration of the risk
disclosures detailed there in. The distribution
of this Document and the offering of Shares may
be restricted in certain jurisdictions. The above
information is for general guidance only, and it
is the responsibility of any person or persons in
possession of this Document and wishing to make
application for Shares to inform themselves of,
and to observe, all applicable laws and
regulations of any relevant jurisdiction.
Prospective applicants for Shares should inform
themselves as to legal requirements also applying
and any applicable exchange control regulations
and applicable taxes in the countries of their
respective citizenship, residence or
domicile. United States The Shares of the Fund
have not been registered under the U.S.
Securities Act of 1933 and the Fund has not been
registered under the U.S. Investment Company Act
of 1940. Shares may not be and will not be
offered for sale or sold, transferred or
delivered, directly or indirectly, in the United
States, its territories or possessions, or to a
U.S. Person (as defined herein)