Letters to the Shareholders of 
518am Delta-neutral Strategies SP

We hold the view that clear and effective communication is key to fostering and sustaining successful relationships with investors. To honor this commitment, we have created this monthly letter as a vital channel of communication. It is designed to keep you updated on market trends and the performance of our strategy, while also offering insight into our

investment process.

If a subject has not been addressed to your satisfaction or there is a topic you would like to see discussed in an upcoming edition, please reach out to admin@518am.io. We welcome your feedback!