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NEF Energy Diversified Fund

NEF Energy Diversified is a multi-manager (fund-of-funds) fund. The fund includes systematic trading strategies as well as strategies based on fundamental analysis. The fund allocates to a wide range of commodities, with a focus on energy and energy-related commodities. The fund will typically have exposure to 5-10 portfolios traded by sub-managers with a variation of trading styles and markets. NEF Energy Diversified has low correlation to traditional asset classes.

Monthly report - December 2011

NEF Energy Diversified Fund

Contact information:

NEF Asset Management

PO.Box 573, 0105 Oslo, Norway

Email:

Telephone: (+47) 22 43 20 50