Broker Name: UOB
Date of Report: November 30, 2025

Excerpt from UOB report.

Report Summary:

• Aqua Lake Fund, an Asia-focused equity long/short fund, delivered a 31.2% YTD performance as of November 2025, significantly outperforming global and regional hedge fund peers across multiple strategies.
• Compared to other hedge funds, Aqua Lake’s performance was much higher than global (12.5%), North America (19.9%), Asia (9.3%), equity long/short (16.9%), multi-strategy (7.9%), and macro funds (7.6%) for the same period.

Above is an excerpt from a report by UOB. Clients of UOB can be the first to access the full report from the UOB website: https://www.uobgroup.com