Raw Global Alpha Fund – August 2014 Monthly Report

Dear Investors,

August marked the completion of our first full month with our expanded range of investment strategies. We are delighted to report all of the funds finished the month up, ranging from +0.07% for the RAW Cash Deposit Fund to +3.23% in respect of the RAW UK Gilt Fund. The RAW UK Gilt Fund benefitted from UK interest rate expectations shifting from an expected rise in interest rates in Q4 2014 to late Q1 2015 at the earliest. This helped Gilt prices move higher, particularly at the long end. The Gilt Fund also drew strength from a steep rise in global bond prices during the month due to a combination of geo-political and deflationary concerns. The RAW UK Equity Fund (+1.25%) was led higher by contributions from Clinigen (+18.50%), Bovis Homes (+10.40%) and AstraZeneca (+6.50%). The RAW Global Alpha Fund (+1.13%) also benefitted from rising global bond prices and benign equity markets. The RAW UK Balanced Fund finished the month +1.31%.

Richard Avery-Wright
Chief Executive Officer

RAW Capital Partners Limited is an independent boutique asset management company incorporated and based in Guernsey. The co-founders, Richard Avery-Wright and Dennis Stoller, have a strong previous track record and share a combined experience in financial markets of over 40 years.

Investment strategies created by the founders are backed by sound logic with the emphasis on carefully analysing potential investment returns for a given unit of risk. Our mission is to maximise investment returns in both rising and falling markets via the application of consistent, repeatable and disciplined investment processes.