Sphera Fund Management

Sphera Funds Management ("Sphera") is an Israeli-based fund manager established in 2004. Sphera and its affiliated entities are managing three separate hedge funds: • Sphera Fund - a long/short equity fund focused on Israeli and Israeli related equities. • Sphera Global Healthcare Fund - a long/short healthcare equity fund focused on the global pharma and biotech sectors. • Sphera Small Cap Fund - a long/short equity fund focused on small-cap Israeli equities. Our main objective as funds managers is to generate long-term returns that consistently outperform the relevant benchmarks on a risk adjusted basis, as well as to preserve capital during market downturns. Our investment strategy is predicated on fundamental and comprehensive research of companies, industries and macro trends. Over the past decade we have accumulated a wealth of industry experience and developed rigorous and focused investment processes resulting in superior track record in all of our funds.