General Description of the Firm Bainbridge Partners LLP (“Bainbridge” or the “Firm”) is a London-based fund management firm founded by Antoine Haddad. Bainbridge was authorized by the UK Financial Conduct Authority (“FCA”) in March 2009 to conduct investment management activities and is principally owned by Mr. Haddad and Mr. Florian Denie. Bainbridge is currently registered with the National Futures Association (“NFA”) as a Commodity Pool Operator (“CPO”) and Commodity Trading Advisor (“CTA”). In July 2014, the Firm was approved as an Alternative Investment Fund Manager (“AIFM”) by the FCA. Description of Investment Philosophy The Firm has multiple fund strategies but is primarily focused on fund of funds. The Firm’s philosophy is founded on a trader’s perspective to asset management leading to a differentiated approach to fund of hedge funds. This philosophy can be summarised as below:
• Bainbridge is a portfolio engineering firm who believes in the separation of true Alpha skills and dynamic Beta
• Bainbridge believes in a systematic approach to investing, in order to minimize behavioural biases, apply a consistent investment process with a strong risk management
• The Firm approaches investing with a “long volatility” mind-set because capital preservation is key
• The Firm’s clients and investors are our partners and deserve a high degree of transparency Bainbridge aims to achieve this by deploying assets to various managers using market directional and trading strategies that exhibit low correlation to one another. The managers and/or strategies will be selected on the basis of various qualitative and quantitative factors.

Including but not limited to, some of the following historical features: 1. Attractive long-term risk-adjusted returns 2. Ability to shift beta exposure swiftly 3. Fund or underlying instruments’ liquidity 4. Positive return convexity (strong crisis resilience) Bainbridge also acts as the Investment Manager / Advisor to the Andra strategy, which is focused on European smaller and mid-cap Equities. Description of Advisory Services Bainbridge provides discretionary advisory services to: (i) a number of pooled investment vehicles that are solely offered outside the US to non-US investors and do not have any US investor assets (collectively referred to as “non-US funds”); (ii) discretionary advisory services to private investment funds that are offered to both US and non- US investors (collectively referred to as “US funds”); and (iii) discretionary advisory services to private investment funds, domiciled outside of the US, that are offered to both US and non-US investors, as a sub-adviser of another registered investment adviser (collectively referred to as “sub-advisory funds”). The Firm does not currently have any separately managed account clients. The Firm does not participate in wrap fee programs and does not manage wrap fee accounts. Availability of Tailored Services Advisory services are tailored to the specified investment mandates of each fund as set forth in the applicable private fund offering documents, and may be amended or supplemented from time to time. Assets under management As of the date of this brochure, the Firm has discretionary assets under management of $1.082 billion and does have any non-discretionary regulatory assets under management.