it funds société d investissement à capital variable active sub technology global biopharma m a n g e r ________________________ asset management paris unaudited semi annual report as at december 31 st 2006 sicav 3 rc luxembourg b 70453 board of directors chairman mrs muriel faure président directeur général mr benoît flamant & administrateur pierre chavy raymond james international represented by messrs emmanuel laussinotte and serge chayenko jean michel gelhay banque degroof sa alain léonard délégué gestion institutionnelle registered office 12 rue eugène ruppert l 2453 company manager 40 la boétie f 75008 investment advisor medical strategy 38 elisabethstrasse 80796 munich for the fund custodian domiciliary administrative transfer agent independent auditors kpmg audit s rl allée scheffer 2520 representative