GORDON HOUSE ASSET MANAGEMENT David Donnelly, CEO

1
GORDON HOUSE ASSET MANAGEMENTDavid Donnelly,
CEO
2
Gordon House Asset Management Independent
company, established 1989 Regulated by FSA
Hedge Fund Long/Short European Equities
Private Equity Provides advice and funding for
University technology spin-outs
3
Gordon House Optimal Fund plc

• Regulation
• Listed in Dublin, Ireland
• Regulated by Central Bank of Ireland
• Fund profile
• European long/short equity
• Event driven, large cap equities
• Euro fund with clear hedging policy
• Five year track record

4
Gordon House Optimal Fund plc

• Transparent and Liquid
• Monthly dealing at NAV
• Daily dealing UBS Warburg
• Daily NAV Bloomberg
• Weekly NAV www.gham.co.uk

5
Investment Strategy
Manager monitors potential catalytic events at
macro and micro level. Macro globally
renowned Economist, Rupert Pennant-Rea Micro
corporate finance, industry and trading experience
6

Investment Strategy
Macro decisions are driven by
Economic outlook for the industrialised countries
Policy stance and the consequent ramifications
Market implications
Possible background noise and shocks
7

Investment Strategy
Index Trading Based on macro decisions and
technical factors Enables rapid exposure or
hedging Stock Selection Event driven changes
in management, business focus and capital
structure Technical analysis often used for timing
8
Investment Philosophy

• Low risk strategy
• Attack in stable conditions
• Defend in volatile conditions
• Play to our strengths

9
Disciplined Trading Procedures

• Going Short Risk implications
• Short time frame
• Cutting Losses Ability to recognise
  mistakes and cut losses
• Risk of strong convictions

10
Return Risk Statistics

• Average annual return 17
• Average monthly return 1.14
• Maximum drawdown -11.6
• Recovery to new peak 8 months
• Profitable percentage 56.25
• Alpha 0.88
• Beta 0.23
• Correlation 0.28
• Sharpe Ratio (annualised) 0.60

11
GORDON HOUSE ASSET MANAGEMENT5 Half Moon
Street, London W1J 7AZTel 44 20 7409
3185www.gham.co.uk