ThirdYear Capital is an independent provider of 'quantamental' macro strategy and fund advisor of the ART Global Macro UCITS fund. The strategy uses short-term forecasts (so-called ‘nowcasts’) of economic activity for more than 20 economies to identify historically tested cause-and-effect relationships in real time and to anticipate their impact on financial markets. Asset classes include equities, bonds, inflation markets and currencies. For additional information and contact, please refer to our website (www.third-year.com). Disclaimer: Investment advice according to section 2 para. 2 no. 4 German Wertpapierinstitutsgesetz (WpIG) and investment brokerage according to section 2 para. 2 no. 3 German Banking Act shall be made on behalf of, in the name of, for the account and under the liability of the responsible legal entity BN & Partners Capital AG, Steinstraße 33, 50374 Erftstadt, according to section 3 para. 2 WpIG. BN & Partners Capital AG has a corresponding license from the German Federal Financial Supervisory Authority (BaFin) in accordance with section 15 WpIG for the prenamed financial services.