Ion Asset Management is a Cayman domiciled fund manager that launched its first fund, Ion Israel in June 2006. The Ion Israel Fund is a long/short equity hedge fund that focuses its investments in publicly-traded Israeli and Israel-related securities.  The Fund invests in a range of companies with solid long term revenue and earnings growth prospects, trading at what the managers view as attractive valuations.  Emphasis is placed on managing a diversified, but at the same time, relatively concentrated investment portfolio with broad sector and industry diversification - with a focus on identifying high-quality management teams. The Fund is designed for institutional and high net-worth investors.   The Ion US Quant Fund, launched in December 2007, is a unique quantitative hedge fund that seeks to generate positive returns in all market conditions.  The Fund invests solely in US equities, while hedging is achieved using S&P500 index options. The Fund is based on a proprietary model which combines both macro economic data and companies' financial information. The model identifies undervalued stocks using its proprietary mathematical algorithms delivering a reasonable probability of out-performance and statistical significance. The model has been developed over a period of five years and has been tested extensively.   Ion’s founding partners are LFG Holdings, the private investment arm of the Lowy Family from Australia together with Stephen Levey & Jonathan Half.  Levey and Half have extensive capital markets expertise, each with over 14 years of equity research experience.  They were ranked the #1 Israeli research team by Institutional Investor magazine for six consecutive years. Their in-depth knowledge gained from extensive research provides invaluable insight and access to attractive investment opportunities.