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FCP OP MEDICAL BioHealth Trends FCP OP ... - Sal. Oppenheim

FCP OP MEDICAL BioHealth Trends FCP OP ... - Sal. Oppenheim

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INVESTMENT PROCESS<br />

Our investment criteria<br />

� Degree of innovation:<br />

Has the company the potential to establish new standards within its field?<br />

� Stage of development:<br />

Has the product been rolled out sufficiently to the market, so that the opportunities/risks-relation<br />

can be assessed concretely?<br />

� Management and financing:<br />

Has management g sufficient experience p and is the company p y financed for at least 2 yyears?<br />

� Valuation:<br />

Does the current stock price offer an above average growth potential compared to the fair value<br />

price i th the stock t k iis expected t d tto reach h over ttwo tto th three years? ?<br />

Avoid drawdown of overvalued firms e.g. Dendreon<br />

Th The ffund’s d’ iinvestment t t strategy t t can be b changed h d at t any ti time within ithi th the llegal l and d contractual t t l li limits. it DDetails t il of f th these li limits it can bbe ffound diin th the sales l prospectus.<br />

t<br />

06/30/2012| Page 16 <strong>Oppenheim</strong> Asset Management Services S.à r.l.

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