Tokio Marine Asset Management (usa), Ltd.

Tokio Marine Asset Management (USA), Ltd. (TMAM USA) is a financial advisor firm established in June 2000 and wholly owned by Tokio Marine Asset Management Co., Ltd. TMAM USA provides sub-investment management, sub-investment advisory, and investment research/consulting services to offshore private funds and managed accounts. The firm manages client assets on a discretionary and non-discretionary basis, offering strategies such as Covered Call, Systematic Global Macro, Bond Overlay, Catastrophe Bond, Global Alpha, and Target Return. TMAM USA charges an annual investment management fee based on assets under management, billed quarterly or semi-annually. The firm does not have the ability to debit client accounts for payment. TMAM USA also receives compensation for investment research/consulting services. The firm does not have any disciplinary events in the past 10 years. TMAM USA exercises investment discretion based on sub-investment management or advisory agreements with TMAM, controlling investment decisions and trade executions. The firm has procedures in place to ensure best execution for client transactions and does not have formal soft dollar arrangements. TMAM USA does not directly compensate third parties for referrals and does not have custody of client assets. The firm has not filed for bankruptcy and has no financial conditions affecting its ability to manage client accounts.