SAVE THE MANUEL

SME is an open-ended investment fund capped at $250m AUM that invests in one thing:

Analogue Nineties cars that engage

When we are all driving a refrigator with wheels

We will need one of these for the weekend

What drives the investment logic?

Government Regulation

- Pollution and Safety Regs - arbitary and cheatable rules

- Rules that were relevant to new and mass transit

- Rules that are difficult to enforce retrospectively

- Most countries allow a 25 year absenteeism

Market-leading TCA:

- Eurodollar Option bid/ask = 0.15 cts

- Eurodollar Option -0.23 AP, -0.0 rvAP

- Treasury Option bid/ask = 0.31 64ths

- Treasury Option -0.47 AP, -0.08 rvAP

Tech:

- Connect to your current trading tech (TT or Fidessa)

- Install in under 24 hours