INTL CONSILIUM LLC - SEC registered investment advisor
Gainvest S.A. - Argentinean registered investment advisor
INTL Capital Limited (Dubai) - Dubai regulated investment manager

INTL Leverages its specialist expertise in its niche markets to provide institutional investors with unique investment products. All of our products share a similar philosophy of absolute return performance with low volatility and low correlation to the underlying markets. In executing our philosophy we apply a rigid discipline of in-depth credit research combined with robust risk management. We continue to identify opportunities to bring new and proven products to our growing investor base.

INTL Consilium LLC ( http://www.intlconsilium.com )
INTL Consilium, a joint venture formed in May 2004, is an SEC registered investment advisor. We are focused on building an asset management business by applying an absolute return philosophy to niche markets where we believe our expertise allows superior risk adjusted returns to be extracted for our investors.

Our approach is designed to achieve consistent, low volatility returns whatever the market environment using relative value and arbitrage strategies where possible. Our investment process relies upon detailed credit analysis combined with top down strategic economic analysis. There can be no assurance that the investment objective will be achieved or that the client will not suffer losses.

We manage institutional accounts in a variety of product offerings.

Gainvest S.A. ( http://www.gainvest.net )
Gainvest has leveraged its leading arranger position in the local securitization market to create an asset backed investment products for both institutional and retail investors. Gainvest is registered as an investment advisor and manages three listed and locally rated fixed income mutual funds in Argentina. Gainvest is one of the top 5 fixed income managers in Argentina and the no. 1 non-bank fixed income manager. Gainvest is looking to expand its product range into the other regional local markets.

As part of its asset management activities Gainvest also asset management advisory services to wealthy individuals through its Uruguayan company.

INTL Capital Limited (Dubai)
INTL Capital is a regulated investment manager in Dubai and is the manager to the INTL Trade Finance Fund. This fund provides institutional investors with a unique opportunity to invest in the international trade finance market, which until recently has been dominated by commercial banks and is difficult for investors to access give the complex and non-standard documentaton of this market. We have a very experienced team who was previously responsible for running a global trade finance business for a major international bank.