Aberdeen Asset Management PLC Aetos Capital, LP Anchorage Capital ...

Since 1996 Benchmark Plus has employed its proprietary benchmarking process to identify and separate the drivers of managerrisk and return in order to create unique investment offerings. The process further provides for the uncovering of the most highlyskilledof investment managers exploiting unique opportunities within inefficient or dislocated market sectors. Through thisprocess, the firm isolates and captures precise return sources that are then utilized within our many individual offerings. Today,Benchmark offers investors a range of both packaged and customized solutions including funds of one, enhanced indexes, RiskParity and hedge fund replication. The firm is headquartered in Tacoma, WA.BlackRockBlackRock’s range of solutions includes fundamental and quantitative active management approaches aimed at maximizingoutperformance as well as highly efficient indexing strategies designed to gain broad exposure to the world’s capital markets.Clients can access our investment solutions through a variety of product structures, including separate accounts, mutual fundsand other pooled investment vehicles, and the industry-leading iShares® ETFs. Our commitment to investment excellence isanchored in a culture that always places a client’s interests first, from individual investors to the world’s largest institutions.BlackRock’s investment approach is based on our conviction that we can combine our market insights, global reach and scale,proprietary technology, culture of information sharing and unwavering focus on risk management into an ability to deliverperformance in all market environments. BlackRock is committed to providing a broad set of investment solutions for our clients,striving to achieve the best balance between risk and opportunity.BlueBay Asset Management, LLCBlueBay was established in 2001 as a specialist fixed income credit manager with the aim of capitalizing on two strong structuralgrowth trends in European credit and global Emerging Market debt. Today, BlueBay is one of Europe’s largest managers of fixedincome credit and alternative products with AUM over US$42 billion for institutions and private investors worldwide. Based inLondon, with offices in the US, Luxembourg, Hong Kong and Japan, the business strategy focuses on four key elements; strongrisk-adjusted investment performance, robust risk management, recruitment and retention of highly-talented individuals, anddiversified distribution. The result: a combination of the infrastructure and resources of a world-class asset manager with theinvestment focus of a boutique. BlueBay Asset Management is a wholly-owned subsidiary of Royal Bank of Canada (RBC).BlueMountain Asset Management, LLCBlueBay was established in 2001 as a specialist fixed income credit manager with the aim of capitalizing on two strong structuralgrowth trends in European credit and global Emerging Market debt. Today, BlueBay is one of Europe’s largest managers of fixedincome credit and alternative products with AUM over US$42 billion for institutions and private investors worldwide. Based inLondon, with offices in the US, Luxembourg, Hong Kong and Japan, the business strategy focuses on four key elements; strongrisk-adjusted investment performance, robust risk management, recruitment and retention of highly-talented individuals, anddiversified distribution. The result: a combination of the infrastructure and resources of a world-class asset manager with theinvestment focus of a boutique. BlueBay Asset Management is a wholly-owned subsidiary of Royal Bank of Canada (RBC).BlueMountain Capital Management, LLCBlueMountain Capital Management, LLC was founded by Andrew Feldstein and Stephen Siderow in 2003. The firm is a leadingabsolute return manager focused on the credit markets managing $10.1bn of assets, with $8.0bn in absolute return assets and$2.1bn in CLO assets. Our large and diverse team of 136 professionals in New York and London are supported by ourinstitutionalized and proprietary infrastructure, including world-class operations and risk management technology. BlueMountainis a relative value credit manager that pursues three primary strategies in the U.S. and Europe: fundamental credit, structuredcredit, and arbitrage & technical. BlueMountain’s core product offerings include two credit funds and an equity volatility fund: Theflagship fund, Credit Alternatives, takes a multi-strategy credit approach, and Long/Short Credit Fund, focuses on liquid,fundamentally-driven credit strategies. Equity Alternatives pursues relative value trades in equity derivatives to achieve returnsuncorrelated with the equity market. BlueMountain employs an alpha-centric investment philosophy that seeks to construct aportfolio with relatively low market exposure and leverage.BNY Mellon Asset ManagementBNY Mellon Asset Management is one of the world’s leading asset management organizations, encompassing BNY Mellon’saffiliated investment management firms and global distribution companies. At BNY Mellon Asset Management, our goal is to buildand deliver distinctive investment performance for our clients. It starts with our multiple, autonomous investment firms — worldclassboutiques representing a broad spectrum of investment styles. Drawing on this comprehensive range of investmentcapabilities, we collaborate with our clients to deliver our expertise, including unique solutions that are designed to match specificrequirements. We manage more than $1.2 trillion in assets (12/31/11), creating performance results for institutional and individualinvestors.

Cerberus Capital Management, L.P.Cerberus Capital Management, L.P. is one of the world’s leading private investment firms. Founded in 1992, Cerberus has beendedicated to distressed investing since its inception. The Firm has over US $20 billion under management invested in four primarystrategies: Distressed securities and assets (mortgage-based securities, corporate debt, non-performing loans, structured loans),control and non-control private equity, commercial mid-market lending and real estate-related investments. Headquartered inNew York City with affiliate and/or advisory offices in the United States, Europe and Asia, Cerberus is a truly global investor with along-term investment horizon and focus on value creation. The Firm’s more than 130 dedicated investment professionals areintegrated across all four of its investment strategies, bringing considerable expertise in assessing, acting upon and managing allCerberus investments. The Firm’s proprietary operations team, Cerberus Operations and Advisory Company, LLC (COAC), employsworld-class operating executives to support Cerberus’s investment teams in the following areas: Sourcing opportunities,conducting highly informed due diligence, taking interim management roles, monitoring the performance of investments andassisting in the planning and implementation of operational improvement initiatives at Cerberus’s portfolio companies.Chicago Fundamental Investment Partners, LLCChicago Fundamental Investment Partners, LLC (“CFIP”) is a fundamental research-driven, credit focused investment managementfirm with approximately $800 million in firm-wide assets under management as of July 1, 2012. CFIP’s firm culture and investmentprocess are rooted in three defining principles: rigorous fundamental analysis, strong risk management, and ongoing portfoliooptimization. CFIP is led by eight principals, including our two Managing Principals, Brad Couri and Levoyd Robinson. The seniormembers of CFIP’s investment team have an average of over 18 years’ experience investing in credit and distressed situations -much of that time spent working together at various organizations. The firm’s analyst team is divided by industry providing greatdepth in understanding of industry trends/dynamics. Investment ideas generated by our fundamental industry analysis aresupplemented by a broader view of the capital markets, a proprietary risk management system and ongoing portfoliooptimization across asset classes. Investment ideas feed three distinct hedge fund strategies with different risk profiles. Ourflagship long/short credit fund launched in July 2006 maintains a balanced profile while investing in individual name long andshort ideas via various sub-strategies. CFIP also manages a separate short only fund launched in December 2010 and a long-biaseddistressed/stressed credit fund launched in July 2012.Citadel Asset ManagementEstablished in 1990, Citadel Asset Management deploys capital across a broad range of asset classes including equities, credit,fixed income and commodities. Citadel seeks to continuously innovate to deliver alpha for our investor base, which includessovereign wealth funds, endowments, pensions, and high-net-worth individuals. Under the stewardship of an experiencedleadership team, Citadel seeks to combine leading-edge technology, independent risk management and strategic liquiditymanagement to generate industry-leading returns.Convexity Capital Management, LPConvexity Capital Management LP was founded in 2005 by Jack Meyer, Dave Mittelman and Maurice Samuels formerly of HarvardManagement Company (HMC). At HMC, Dave Mittelman and Maurice Samuels led a team that managed approximately $6 billionin fixed income assets of the Harvard endowment. Jack Meyer served as President and CEO of HMC overseeing the allocation andmonitoring of Harvard’s total endowment (which had approximately $29 billion in assets as of 2005). Convexity’s Fund waslaunched in 2006 and assets under management now stand at roughly $14 billion with over 300 investors. The Fund’s objective isto earn the benchmark returns specified by its investors plus an additional return based on the success of the long/short and otherrelative value strategies executed principally in the fixed-income and related markets. The portfolio management team utilizesproprietary calculators and market data covering forward rates, currencies, and volatility surfaces to identify and capitalize onmispricings and anomalies seen in the market. Convexity is favorably inclined towards investments, which, along with otherfavorable features, have long optionality – that is, more-bounded downside risk and less-bounded upside potential.DD. E. Shaw groupThe D. E. Shaw group is a global investment and technology development firm with more than 1,000 employees; approximatelyUS $26 billion in investment capital as of September 1, 2012; and offices in North America, Europe, and Asia. Since its organizationin 1988, the firm has earned an international reputation for financial innovation, technological leadership, and an extraordinarilydistinguished staff. The firm has a significant presence in many of the world's capital markets, investing in a wide range ofcompanies and financial instruments within both the major industrialized nations and a number of emerging markets. Its activitiesrange from the deployment of investment strategies based on either mathematical models or human expertise to the acquisitionof existing companies and the financing or development of new ones. The D. E. Shaw group’s investment capital as of September1, 2012 included approximately US $7.2 billion managed by D. E. Shaw Investment Management, L.L.C. (“DESIM”). DESIM appliesthe D. E. Shaw group’s quantitative models and computational techniques, based on the D. E. Shaw group’s 23 years of experiencein managing alternative investment strategies, to construct long-only and “130/30” benchmark-relative equity strategies for publicand private pension plans, endowments, foundations, and private wealth management firms.

Deutsche BankDeutsche Bank is a leading global investment bank with a substantial private clients franchise. Its businesses are mutuallyreinforcing. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets.With more than 100,000 employees in 74 countries, Deutsche Bank competes to be the leading global provider of financialsolutions, creating lasting value for its clients, shareholders, people and the communities in which it operates.EElliott Management CompanyElliott Management Company was founded in 1977 and is one of the oldest hedge funds under continuous management. As ofJanuary 1, 2013, Elliott has approximately $21. billion under management its multi-strategy funds, which invest in a broad range ofstrategies including, without limitation, distressed securities, performing debt, equity-oriented positions, hedge / arbitrage(including event arbitrage, convertible arbitrage, fixed income arbitrage, related securities arbitrage and commodities trading),basis trading and portfolio volatility protection. Risk management is key to Elliott’s process: leverage is limited; the portfolio isdiversified; and market risk is minimized via hedges at both the position level and the portfolio level. The firm, including itsaffiliates, employs approximately 293 people worldwide as of Jan 1,2013, nearly half of whom are dedicated to portfoliomanagement, trading, and research. Elliott has a global presence with offices in New York, London, Hong Kong and Tokyo.Evanston Capital Management, LLCEvanston Capital Management, LLC (“ECM”) is a privately held investment adviser formed in 2002 focused exclusively on managinghedge fund of funds strategies for both institutional and high net worth investors. ECM’s principals and professionals bringtogether extensive hedge fund investment experience and a complementary set of skills to create a cohesive culture seeking todeliver top-tier performance to investors with a high touch, transparent servicing approach. ECM manages a variety of strategies(multi-strategy, equity long/short and less directional multi-strategy) with an emphasis on more concentrated portfolioscomposed of managers in which ECM has gained high conviction. Of the $4.3 billion in assets under management, the vastmajority of ECM’s investors are institutional, including endowments, foundations, hospitals, corporate, public and Taft-Hartleypension plans. ECM has over 300 institutional investor relationships today.FFLAG Capital Management, LLCFLAG Capital Management, LLC is a private capital asset management firm founded in 1994. Since inception, FLAG has sponsored25 fund-of-funds globally, totaling $4.6 billion in client commitments across a platform of four diversified private capital strategies:U.S. venture capital, U.S. private equity, non-U.S. venture capital and private equity, and global real assets (real estate andenergy/resources). FLAG’s goal is to provide best in class private capital solutions across these independent strategies byleveraging the experience of FLAG’s multi-generational team and distinctive investment philosophy. The firm’s global client baseincludes prestigious corporate and public pension funds, foundations and endowments, prominent private investors and otherinstitutions. FLAG is independently owned, employs approximately 55 professionals and maintains offices in Stamford, CT, Boston,MA and Hong Kong.GGoldman Sachs Asset ManagementEstablished in 1988, Goldman Sachs Asset Management (GSAM) is the asset management arm of The Goldman Sachs Group, Inc.(NYSE:GS). At GSAM, we develop strong partnerships with institutional investors across the globe based on a deep understandingof their needs. Our clients include foundations, endowments, corporate pension plans, public pension plans, Taft-Hartley plans,insurers, corporations and official institutions. Our experienced investment teams manage a broad range of strategies across majorasset classes including fixed income, equity and alternative investments. In addition, GSAM provides discretionary and nondiscretionaryinvestment advisory solutions in areas such as asset allocation, portfolio construction, risk management, managerselection and tactical tilts to deepen and enhance our clients’ existing capabilities. GSAM’s strengths remain a commitment tooutstanding research, disciplined investment teams, sophisticated risk management and our ability to attract and retain topinvestment talent. The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment managementfirm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financialinstitutions, governments, and highnet- worth individuals. Founded in 1869, the firm is headquartered in New York and maintainsoffices in all major financial centers around the world. No part of this material may, without GSAM’s prior written consent, be (i)copied, photocopied or duplicated in any form, y any means, or (ii) distributed to any person that is not an employee, officer,director, or authorized agent of the recipient. © 2012 Goldman Sachs. All rights reserved. 63358.

Grosvenor Capital Management, L.P.Grosvenor has specialized in hedge fund investing since it launched its first fund of hedge funds portfolio in 1971. Grosvenorimplemented its first full service advisory relationship in 1994 and began building and implementing customized portfolios for itsinstitutional client base in 1996. Today, Grosvenor provides both investment management and advisory services and hasapproximately $22.1 billion in assets under management. Grosvenor serves institutional investors’ hedge fund needs via twoprimary services: 1) Commingled Portfolios and 2) Customized Hedge Fund Programs. The Firm’s institutional client base includespension plans, banks, endowments and foundations, insurance companies and global entities. Grosvenor and its affiliates employ266 people, including 53 investment professionals, and have offices in Chicago, Boston, New York, London, Tokyo, and Hong Kong.HHutchin HillNeil Chriss founded Hutchin Hill, a global multi-disciplinary investment adviser, in 2007. With $1.3bn in AUM, Hutchin Hill seeks todeliver consistently above-average risk-adjusted net returns with limited volatility and low correlation to traditional markets andother hedge funds. The Investment Manager manages multiple Strategies in Credit, Quant, Macro, Equities and Opportunisticareas that in the aggregate form a well diversified portfolio, which the Investment Manager expects in whole to exhibitsignificantly better and more consistent performance over time than each Strategy would by itself. In addition, the InvestmentManager believes that its very liquid portfolio and high trading volume further decrease volatility and risk and enhance overallreturns. Hutchin Hill manages these Strategies for institutional clients globally, including pensions, endowments and foundations.IING U.S. Investment ManagementING U.S. Investment Management (ING U.S. IM) is a leading U.S.-based active asset management firm. As of September 30, 2012,ING U.S. IM managed approximately $179 billion for both institutions and individual investors. With an emphasis on activemanagement, our investment mission is to find unrecognized value ahead of consensus. To this end, our portfolio managementteams seek original insights on markets and securities and a vision of investment potential that differs from the consensus view.We apply our proprietary research and analytics, portfolio diagnostics and risk management to the development of investmentsolutions in pursuit of our clients’ objectives. We believe this is best achieved by structuring our investment platforms asentrepreneurial, skills-based strategy teams united by shared resources. As stewards of our client’s assets, ING U.S. IM is committedto investing responsibly and delivering client-oriented investment solutions and advisory services across asset classes, markets andstyles. We apply dedication, experience and quality resources on behalf of institutional clients, including public, corporate andunion retirement plans, endowments and foundations, and insurance companies, as well as individual investors via intermediarydistribution partners such as banks, broker/dealers and independent financial advisers. To that end, we are keenly focused onlistening to our clients, responding to their needs and delivering on promises we make.InvestcorpInvestcorp is a leading, global provider and manager of alternative investment products with approximately $11.5 billion in assetsunder management across Hedge Funds, Corporate Investment, and Real Estate Investment. Founded in 1982, Investcorp has builtup a distinctive brand, with a track record of innovation and performance. Investcorp’s Hedge Funds Program, which currentlymanages $4.3 billion (including the Firm’s $700 million co-investment of proprietary capital in its hedge funds products), waslaunched in 1996 and was opened to clients the following year. Investcorp’s clients – who are co-investors – can benefit from theFirm’s access to top-tier hedge fund investment talent, institutional-quality operational infrastructure, significant commitment tosophisticated hedge fund risk systems, and innovative research. Investcorp provides its clients access to hedge fund investmentsthrough its Single Manager Platform, customized Hedge Fund portfolios and diversified Fund of Hedge Funds products.JANA Partners LLCJANA Partners LLC is an SEC-registered investment manager specializing in event-driven investing. JANA employs an intensiveresearch approach to finding companies trading at a significant discount to their intrinsic value in which there are catalysts tounlock that value, including restructurings, recapitalizations, divestitures, spin-offs, reorganizations, M&A and managementchange; or in some cases where we can be the catalyst to unlock that value through active shareholder engagement. JANA’sflexible mandate also enables it to invest opportunistically across a company’s capital structure. Founded in April 2001 by BarryRosenstein, JANA is headquartered in New York City. As of January 1, 2012, the firm currently employees over 40 employees andmanages $3.2 billion, including co-investments and commitments, on behalf of institutional and high net worth investors.KKingdon Capital Management, LLC ®

Kingdon Capital Management, LLC ® (“Kingdon” or the “Firm”) is a privately owned investment firm based in New York. EffectiveMarch 30, 2012, Kingdon is registered as an investment adviser with the U.S. Securities and Exchange Commission under the U.S.Investment Advisers Act of 1940. Founded in 1983 by Mark Kingdon, the Firm offers two strategies: global long/short equity (the“Flagship Strategy”, inception 1983) and long/short credit (“Kingdon Credit”, inception 2009). Total assets under management were$2.3 billion as of January 1, 2013. Kingdon employs 77 individuals including 6 sector heads and 22 analysts. The ExecutiveCommittee is responsible for the overall business management of the Firm, implementing its long-term succession plan,coordinating strategic initiatives, determining the overall exposure of the Flagship Strategy, allocating capital across sectors andmanaging the Flagship Strategy’s overall and individual sector risk. The Executive Committee is comprised of Mark Kingdon,President and Chief Executive Officer, Richard Rieger, Principal and Co-Chief Investment Officer, Michael Mackey, Principal and Co-Chief Investment Officer, Alan Winters, Principal and Chief Operating Officer, Patricia O’Donald, Principal and Portfolio Manager andMichael Pohly, Principal and Portfolio Manager.KKRKKR is led by founding Members Henry R. Kravis and George R. Roberts and is a leading global investment firm with three primarybusiness lines: Private Markets, Public Markets and Capital Markets and Principal Activities. Since KKR’s inception in 1976, we haveexpanded our capabilities from our core private equity franchise to complementary businesses that build on our knowledge,relationships and established investment capabilities to provide enhanced value to investors, the companies in which we invest,and other key stakeholders. Our expanded focus encompasses energy & infrastructure, growth equity investments, real estate anda range of debt and public equity investing. KKR has offices in New York, Menlo Park, San Francisco, Houston, Washington, D.C.,London, Paris, Singapore, Hong Kong, Beijing, Tokyo, Seoul, Sydney, Mumbai and Dubai. As of September, 2012, the firm hasapproximately $66.3 billion of assets under management with over 900 people around the world.LLazardTracing its history back to 1848, Lazard has long maintained a pre-eminent position in the world’s financial marketplace. LazardAsset Management LLC, an indirect, wholly-owned subsidiary of Lazard Ltd., is known for its global perspective on investing andyears of experience with global, regional and domestic portfolios. With more than 280 investment personnel worldwide, we offerinvestors of all types an array of equity, fixed income, and alternative investment solutions from our network of local offices ineleven different countries. Our team-based approach to portfolio management helps us to serve clients effectively over time, andstrong client relationships allow us to understand how to employ our capabilities to our clients’ advantage.Liongate Capital ManagementLiongate Capital Management is a global investment management firm focused on creating hedge fund solutions for itsprincipally institutional investor base. The firm was founded in 2003 and is FSA and SEC registered. Liongate is known for ouractively managed portfolios which combine a focus on the macroeconomic environment along with an in-depth understandingof hedge fund strategies and managers. Liongate Funds represent a diverse range of multi-strategy and strategy specific fund ofhedge funds as well as custom institutional accounts with successful track records. The firm’s Principals and staff are one of largestinvestors in the Liongate Funds, promoting a strong alignment of interests with clients. Liongate has offices in London, New Yorkand Dubai.Loomis, Sayles & Company, L.P.Since 1926, Loomis, Sayles & Company has served the investment needs of institutional and mutual fund clients. The firmleverage’s its well-established strength in credit research and proprietary quantitative modeling to currently manage over $3billion in fixed-income focused alternative strategies. It’s capabilities span non-directional, relative value credit; dynamic credit,curve and currency beta layered over consistent alpha generation; and multi-asset, multi-strategy absolute real return strategies.Many strategies have been ranked highly within their respective peer groups and have received industry recognition. Asperformance-driven investors, Loomis Sayles employs actively managed disciplines that combine fundamental research,systematic risk assessment and experienced portfolio management. This rich tradition has earned Loomis Sayles the trust andrespect of clients worldwide, for whom it manages $186 billion in equity and fixed income assets as of December 31, 2012Lombard Odier Investment ManagersLombard Odier Investment Managers (LOIM), is the investment management subsidiary of Lombard Odier Group, the 200 year-oldSwiss private bank. LOIM currently manages $36 billion in equity, fixed income and alternative assets for institutions and privateclients across the globe, including $2.1 billion in hedge fund strategies. We entered the hedge fund business in 2007 with thelaunch of our 1798 Fundamental Strategies Fund, an equity-focused long/short strategy, pursuing a low net, risk-controlledapproach. The fund draws on the experience and skills of a team of 23 equity sector and strategy specialists to generate high riskadjustedreturns with excellent liquidity. Other hedge funds managed by LOIM include US special situations, consumer equity L/S,

and Europe equity L/S. All of our strategies pursue fundamental investment approaches, emphasizing primary research to identifylong and short opportunities. Collaboration and open transparency across portfolios and teams are hallmarks of our process.Lucidus Capital PartnersLucidus Capital Partners manages approximately $1.5B in liquid credit long/short. Darryl Green and Geoff Sherry, the former headsof the liquid credit trading team at Caxton, established the firm in 2009. The team, based in London and New York, has a 13 yeartrack record of achieving consistent, uncorrelated returns while providing downside protection during periods of volatility. LCP’sactive trading strategy has a highly disciplined risk management framework focused on liquidity and “hard stops.” The liquidportfolio has no hard lock ups, no fund level gates, and no side pockets. The strategy is not reliant on carry and is agnostic tomarket direction.Lyxor Asset Management S.A.Lyxor Asset Management S.A. (“Lyxor”), a subsidiary of the Societe Generale Group, was founded in 1998. With over 600professionals worldwide, Lyxor manages US 99 billion of assets (1) across four business lines: Alternative Investments, ETFs &Indexing, Multi-Asset Investments and Structured Investments. Lyxor’s investment professionals deliver investment and advisorysolutions for institutional investors across the range of asset classes. With a strong culture of risk-management and research, Lyxoris a leader in innovative, transparent and flexible asset management. Lyxor Asset Management Inc. (“Lyxor US”), a DelawareCorporation, is registered as an investment adviser with the Securities and Exchange Commission and is the U.S.-based, whollyownedsubsidiary of Lyxor S.A. Lyxor US’ alternative investment advisory business focuses on advisory services for institutionalinvestors. (1) Figures as of December 31, 2012.MMagnitude Capital, LLCMagnitude Capital, LLC manages approximately $3.0 billion in several multi-strategy funds of hedge funds. Since it was founded in2001, Magnitude has carefully assembled an investment team whose members have held senior roles inside of hedge funds. Thefirm focuses on delivering attractive risk-adjusted returns by applying its team’s extensive investment and operational experienceinside hedge funds, investing disproportionately where opportunities are most attractive, and limiting passive exposures to majorrisk factors.Man Group plcMan Group is a global, independent asset manager dedicated to alternative and long-only investing. It has expertise in a widerange of liquid investment styles including managed futures, equity, credit and convertibles, emerging markets, global macro andmulti-manager. Man’s investment managers include AHL, specializing in quantitative managed futures strategies, GLG, a multiassetclass alternative and long-only manager, and FRM, a hedge fund solutions and multi-manager investment specialist. Man isheadquartered in London and manages $60 billion (as of September 30, 2012) for institutional and private clients through globalinvestment teams located in major financial centers worldwide. Further information can be found at www.man.com.Mariner Investment Group, LLCMariner Investment Group, LLC (“Mariner”) is an investment advisory firm, grounded by significant investing experience and astrong commitment to risk management across a broad range of markets. Mariner offers an array of investment advisory servicesincluding the management of single manager hedge funds, multi manager hedge funds, and other alternative investments.Founded in 1992, the Firm has a notable history of attracting and developing top proprietary trading talent and seasonedinvestment managers. With over 120 investment professionals, Mariner and its associates’ depth and breadth of investingexperience allows us to partner with our investors on a wide range of specialized and diversified mandates that draw upon theFirm’s expertise garnered from years of credit and fixed income investing. Mariner delivers its investment solutions through variousstructures, including strategic partnerships, separate custom accounts, and commingled products. Our proprietary risk analyticsare the cornerstones of a robust institutional infrastructure designed to manage and minimize financial, operational, regulatory,and compliance related risks. Mariner’s long term commitment to our clients is most evident in our focus on communication,transparency and the alignment of our interests with our investors and partners. Mariner’s investor base includes public funds,sovereign wealth funds, corporate pensions, university endowments, and insurance companies. Mariner’s offices are located inNew York, London, Tokyo, Boston, Seoul, Harrison (NY), and Rowayton (CT).Mellon Capital Management Corporation

Founded in 1983 by innovators in the investment management field, Mellon Capital Management Corporation (“Mellon Capital”)provides global multi-asset solutions. Our precise understanding of world markets, coupled with our fundamentals-based andforward-looking analytical methods are the foundation for our tailored client approach. Our investment capabilities range fromindexing to alternatives with the infrastructure and skill to transact in all liquid asset classes and securities. We are part of BNYMellon Asset Management, one of the world’s largest asset managers. Mellon Capital is based in San Francisco, CA with offices inBoston, MA, Philadelphia, PA, Pittsburgh, PA, and Pune, India.Mesirow Advanced Strategies, Inc.Mesirow Advanced Strategies, Inc. (MAS) is a leading institutional fund of hedge funds investment advisor, based in Chicago withapproximately USD 14.2B in assets under management. The firm became a registered investment advisor in 1990, and theexperience of its founders in analyzing hedge funds dates back more than 25 years. MAS’ goal is to reliably deliver attractive riskadjustedreturns that exhibit low volatility and low correlation to traditional asset classes. MAS is also committed to developinglong-lasting partnerships with clients by providing solutions tailored to each client’s unique objectives. Our investment philosophyis grounded in understanding the linkage between risk and return and utilizing independent verification process to differentiatemanager skill from luck. Our investment process combines a unique balance of advanced qualitative, quantitative and operationaldue diligence analyses. Mesirow Advanced Strategies Inc. is a wholly owned subsidiary of Mesirow Financial Holdings Inc., aprivately held company that is owned by its employees and former employees.MKP Capital Management, L.L.C.MKP Capital Management, L.L.C. (“MKP”) is a diversified alternative investment manager with over $6 billion in assets undermanagement. The Firm has operated with a long-term approach to alternative investing since its founding in 1995. MKP investsacross global markets, including U.S. and global rates, currencies, credit, equities and commodities through its discretionary globalmacro, credit and fixed income relative value strategies. Each investment strategy shares the objective of producing high riskadjustedreturns over the long term in a risk-controlled manner. MKP believes that business integrity and transparency are anessential and uncompromising part of our business model. With over 80 employees in New York and London, MKP operates with afull institutional infrastructure across risk management, marketing, technology, operations, legal and support.Morgan Creek Capital Management, LLCMorgan Creek Capital Management, LLC is an SEC-registered investment adviser formed in July 2004 to provide investmentmanagement and advisory services to a diverse client base of international institutional partners and family offices. Morgan Creekprovides a customized investment solution to clients in need of a targeted investment program, as well as discretionary strategiesto assist them in building investment programs based on the University Endowment Model. With approximately $7 billion inassets under advisement, Morgan Creek is an active, global manager with a long-term investment philosophy. The firm investsacross all asset classes and strategies, from traditional equities and fixed income to alternatives, such as hedge funds, privateequity, real estate and venture capital. The firm is headquartered in Chapel Hill, North Carolina, and has offices in New York,Singapore and Shanghai.Morgan Stanley Alternative Investment PartnersMorgan Stanley Alternative Investment Partners (AIP) specializes in assisting institutional and high net worth investors achievetheir goals through the design, integration and management of alternative investment programs. By thoughtfully combiningexpertise in fund investing, secondaries and co-investing, our mutli-disciplinary investment teams have generated historicallystrong performance across hedge fund, private equity, real estate and multi-asset class strategies. Our client solutions includecustom alternative investment portfolios, completion strategies, diversified and opportunistic multi-manager strategies andfiduciary management. Established in 2000, AIP manages $28.6 billion in assets and employs over 200 professionals. Ourinvestment offices are located in Philadelphia, New York, London and Hong Kong. All data is as of December 2012.NNephila CapitalEstablished in 1997, Nephila Capital is the oldest and largest investment manager dedicated to Reinsurance & Insurance LinkedSecurities (ILS). Founded by Greg Hagood and Frank Majors, the firm now employs 46 professionals with expertise in finance,seismic engineering, catastrophe risk modeling and traditional reinsurance underwriting. The firm’s investment process is basedupon a rigorous quantitative approach and a deep understanding of the catastrophe risk markets. Today the firm manages $7.5 bnon behalf of some of the world’s largest institutional investors, including endowments, pension funds and fund of funds in NorthAmerica, Europe, the Middle East and Australasia. Nephila’s flagship reinsurance fund was launched in 1998 and has a 15 year trackrecord of delivering attractive returns uncorrelated with the broader capital markets. Nephila is headquartered in Bermuda, theworld’s center of expertise for reinsurance, allowing the firm access to all investable segments of the catastrophe risk transfermarket. Nephila has been registered with the SEC since 2004 and its US subsidiary (Nephila Advisors LLC) has offices in SanFrancisco, CA and Nashville, TN. In addition to its multi-investor fund vehicles, Nephila also offers bespoke reinsurance fund

solutions for institutional investors. In recognition of the strength and depth of the business, Man Group plc entered into astrategic relationship with Nephila in June 2008, purchasing a 25% equity stake in the firm.OOch-Ziff Capital Management GroupOch-Ziff Capital Management Group (“Och-Ziff”) is a global institutional asset management firm that presently managesapproximately $31.9 billion (as of 1/1/2013). Och-Ziff was founded in February 1994 by Daniel S. Och, Chief Executive Officer andan Executive Managing Director, in partnership with Ziff Brothers Investments. Och-Ziff’s corporate headquarters is in New YorkCity with offices in London, Hong Kong, Mumbai and Beijing. The firm’s global multi-strategy approach seeks to achieve consistentpositive absolute returns through investments in merger arbitrage, long/short equity special situations, corporate credit,structured credit, convertible/derivative arbitrage and private investments. The firm has approximately 465 employees worldwide,including approximately 135 investment professionals.PPacific Alternative Asset Management Company, LLCPacific Alternative Asset Management Company is a leading independent fund of hedge funds investment firm dedicated tooffering strategic alternative investment solutions to the world’s preeminent investors. Since its founding in 2000, PAAMCO hasfocused on investing in hedge funds on behalf of its clients while striving to raise the standard for industry-wide best practices.Headquartered in Irvine, California, with a European office in London, and an Asian office in Singapore, PAAMCO has clients thatinclude large public and private pension funds, sovereign wealth funds, foundations, endowments and financial institutions. Thefirm is committed to meeting the needs and demands of its global institutional client base.Paulson & Co.Paulson & Co. is a SEC registered investment management firm specializing in event arbitrage, including merger arbitrage,bankruptcy and distressed credit, recapitalizations, restructurings and other corporate events. The flexibility to go both long andshort across the capital structure allows the firm to optimize performance from event-driven strategies across marketcycles.Through fundamental research Paulson seeks asymmetric risk-reward positions that target outsized returns whileminimizing downside. The firm’s goals are capital preservation, above average return over the long-term and low correlation tothe markets. Founded in 1994, Paulson has approximately 121 employees, including 52 investment professionals in New York,London and Hong Kong. Led by John Paulson, the investment team consists of professionals with distinguished academicbackgrounds and previous careers in investment banking, law, and derivative products structuring and trading. As of August 1,2012 the firm manages approximately $20 billion in assets under management.Perella Weinberg PartnersPerella Weinberg Partners is a leading independent, client-focused financial services firm providing advisory and assetmanagement services to a broad, global client base, including corporations, institutions and governments. The Advisory businessadvises clients on mergers, acquisitions, defense advisory, financial restructuring, private capital raising, and pension matters. TheAsset Management business includes a suite of hedge fund strategies, private investment funds (including real estate) andoutsourced CIO solutions. Together with its affiliates, the Asset Management business has capital commitments and managesassets of approximately $8.5 billion as of January 1, 2013. With approximately 415 employees, Perella Weinberg Partners maintainsoffices in New York, London, Abu Dhabi, Dubai, Beijing, Denver, Austin, and San Francisco.The Permal GroupThe Permal Group, a pioneer in multi-manager alternative investments, launched its first fund of hedge funds in 1973. With $18.3billion in assets under management, Permal is among the largest fund of hedge funds in the world and is an investment providerto major international private banks and institutional investors.Perry CapitalPerry Capital is a private investment firm founded in 1988 by Richard Perry and Paul Leff. The firm currently managesapproximately $7.8 billion with a multi-strategy, event driven focus across all asset classes and geographies. Perry Capital’s goal isto invest in companies and markets that are experiencing significant change and the firm focuses on achieving long term equitymarket returns with low correlation. It employs 100 professionals with offices in New York and London. The firm’s partners andemployees are collectively amongst the largest investors in funds managed by Perry Capital.PIMCO Alternatives

PIMCO has managed alternatives strategies for institutional clients for more than a decade. Our offerings include hedge funds andopportunistic distressed strategies with total assets of approximately $21 billion as of July 31, 2012. PIMCO’s alternatives strategiesbenefit from the firm’s global resources and investment process and are managed by investment specialists with asset-levelinsights and significant experience in alternative assets. Over 70 investment professionals throughout the firm contribute toPIMCO’s alternatives platform, including portfolio managers, credit analysts, product managers and client-facing personnel inoffices around the globe. PIMCO is a global investment management firm founded in Newport Beach, California, in 1971. The firmserves a wide range of clients around the world, including public and private pension and retirement plans, central banks,educational institutions, financial advisors and foundations and endowments. All investments contain risk and may lose value. Thismaterial has been distributed for informational purposes only and should not be considered as investment advice or arecommendation of any particular security, strategy or investment product. Information contained herein has been obtained fromsources believed to be reliable, but not guaranteed. No part of this material may be reproduced in any form, or referred to in anyother publication, without express written permission. ©2012, PIMCO.ProSharesProShares offers the nation’s largest lineup of alternative ETFs. We enable investors to go beyond the limitations of conventionalinvesting and meet today’s market challenges. We help investors build better portfolios by providing access to alternativeinvestments delivered with the liquidity, transparency and cost effectiveness of an ETF. ProShares’ lineup includes Global FixedIncome, Hedge Strategies, Geared (leveraged and inverse), and Inflation and Volatility ETFs with over $22 billion in total assetsunder management.Protégé Partners, LLCProtégé Partners, LLC ("Protégé") is a specialized asset management firm that was founded in 2002 by Jeffrey Tarrant and TedSeides to focus exclusively on investing in smaller hedge funds. Differentiated from the broader universe of hedge fund investorsthat principally focuses on large, widely held funds, Protégé is recognized as an industry expert in what it believes is the highlyattractive, less efficient, and under allocated universe of smaller hedge funds. By deploying its expertise through a unique model ofinvesting, one that blends seeding and arms-length investments, along with thematic and tactical opportunities, Protégé workswith some of the most sophisticated institutional investors in the world to compliment and complete a robust hedge fundprogram. Headquartered in New York with an office in Singapore, Protégé is 100% employee owned, maintains a substantial coinvestmentalongside clients and currently employs over 40 professionals.Providence Equity PartnersProvidence Equity Partners is one of the world’s leading alternative asset management firms specializing in equity investments inmedia, communications, education, and information companies around the world as well as liquid and illiquid credit investments.The principals of Providence’s private equity and credit platforms manage funds with $27 billion in commitments and haveinvested in several hundred companies globally since the firm’s inception in 1989. Significant existing and prior private equityinvestments include ABTL (Indus Towers), Altegrity, AutoTrader.com, Blackboard, Bresnan Communications, Com Hem, Digiturk,Education Management Corporation, eircom, ikaSystems, Grupo TorreSur, Hulu, Idea Cellular, Kabel Deutschland, NEW Asurion,PanAmSat, ProSiebenSat.1, Study Group, TDC, TVB, UFO Moviez, Univision, VoiceStream Wireless, Warner Music Group, WizeCommerce, World Triathlon Corporation, and Yankees Entertainment and Sports Network. With approximately $4.2 billion of creditassets under management, Providence’s credit platform manages several strategies including opportunistic liquid credit,opportunistic private debt and long-short liquid credit. Providence is headquartered in Providence, RI (USA) and also has offices inNew York, London, Hong Kong and New Delhi. Visit www.provequity.com for more information.Prudential Fixed IncomePrudential Fixed Income is a global fixed income asset manager with more than $356 billion in assets under management as ofSeptember 30, 2012. We offer needs-based solutions across fixed income markets to institutional investors, with a focus on creditstrategies and liability driven investing. We also offer specialized products including hedge strategies and collateralized loanobligations (CLOs). We have managed fixed income accounts for institutional clients since 1928 and currently manage assets for23 of the top Fortune 100 companies, 23 of the 100 largest global pension funds, and 7 sovereign wealth funds, central banks, andlarge government entities. We have affiliated investment offices in the U.S. (Newark, NJ), London, and Singapore. An extensiveglobal presence allows for a broad perspective of the credit markets.Pyramis Global AdvisorsPyramis Global Advisors, a Fidelity Investments company, is an asset management firm focused on developing solutions forinstitutional investors, including corporate and public retirement plans, endowments, foundations, Taft-Hartley and sovereignentities worldwide. Pyramis provides expertise across a broad asset class spectrum and a rigorous risk management platform witha commitment to seeking consistent and repeatable investment performance. Pyramis’ comprehensive global research coverage*includes specialized teams with focused expertise resulting in breadth and depth of research. Pyramis is headquartered inSmithfield, Rhode Island, with additional offices in Boston, London, Hong Kong, Toronto and Montreal. As of September 31, 2012,

Pyramis manages approximately $190 billion in assets for 630 institutional clients around the world. *Reflects combined resourcesof Pyramis and Fidelity Investments as of June 30, 2012. Research professionals include analysts and associates.RRegiment Capital Advisors, LPRegiment Capital Advisors is a Boston-based investment manager that was formed in 1999 by several principals who hadpreviously provided investment management services to the Harvard Management Company. Focused on managing fixedincome credit-related strategies, including high yield hedge funds, bank loan structured products and separately managedaccounts, the firm manages approximately $5.1 billion for investors, including leading endowments, foundations, pension funds,healthcare organizations, insurance companies and family offices. Regiment’s five partners and 27 employees are committed togenerating excellent, risk-adjusted absolute investment returns.SS.A.C. Capital Advisors, L.P.S.A.C. Capital Advisors, L.P. (together with its advisory affiliates, “SAC” or “the Firm”) is a private investment management firmheadquartered in Stamford, CT. The Firm began in 1992 with nine employees and approximately $25 million in assets undermanagement. As of January 1, 2013, the Firm has grown to over 1000 employees with approximately $15 billion in assets undermanagement. SAC today is a diversified, research-driven investment management firm built around a core position inDiscretionary Long/Short Equities, as well as significant positions in Quantitative and other strategies. The Firm has offices in theUS, Europe, and Asia.Saba Capital Management, L.P.Saba Capital Management, L.P. (“Saba”) is a Registered Investment Adviser launched by Boaz Weinstein in April 2009. The firm is alift-out of the Deutsche Bank proprietary credit trading group which Boaz founded in 1998. Between 1998 and 2009, the groupgrew to become one of the largest investors in the credit markets and developed new strategies in capital structure arbitrage andrelative value credit investing. As of September 2012, the firm manages $5.6 Billion, which includes approximately $4.9 Billion in itsflagship credit long/short strategy and $700 Million in its tail hedge strategy. At Saba, Boaz leads a team of 50 professionals; thesenior members of the group have worked together for over 10 years. Saba’s investment philosophy is to own convexity andoptionality throughout the credit cycles. The investment team blends traditional credit research with an analytical approach totrade construction and focuses on identifying dislocations across capital structures. The flagship fund’s primary strategies areCredit Long/Short, Capital Structure Arbitrage, and Credit Relative Value. The tail hedge strategy seeks to deliver asymmetricpositive returns during periods of market stress and invests primarily in credit default swaps and indices of related to investmentgrade companies.Scopia Capital LLCScopia Fund Management LLC (“Scopia”) is an institutional alternative asset management firm based in New York withapproximately $3.4 billion of assets under management. Founded in 2001 by Matt Sirovich and Jeremy Mindich, Scopia employs afundamentals-based, value-driven long/short equity strategy with the discipline of market neutrality to generate absolute returnsthat are uncorrelated to the broader equity markets. Scopia has been an SEC Registered Investment Adviser since 2003.Senator Investment GroupSenator Investment Group is a private investment firm founded in 2008 by Alexander Klabin and Douglas Silverman (the“Managing Partners”) to pursue opportunistic investments in distressed debt, value equities, event equities, and special situations.The Managing Partners worked together for six years at York Capital Management before founding Senator. Senator received asubstantial initial investment from the Blackstone Strategic Alliance Fund. The firm’s core strength is identifying public marketinvestments across the capital structure that are away from the crowd and private market opportunities that are, in many cases,sole-sourced. The firm has 26 employees of which 12 are investment professionals. As of December 31, 2012, Senator managestwo funds: Senator Global Opportunity Fund with $3.8 billion in AUM, and Senator Sidecar Fund which has approximately $301million of committed capital.Silver Creek Capital Management LLCSilver Creek is a leading alternative investment manager specializing in absolute return, multi-manager funds of hedge funds andprivate credit focused closed-end funds. Silver Creek has a history of managing fund-of-hedge-fund portfolios since 1994. Ownedentirely by its employees, Silver Creek has assembled a team of knowledgeable and tenured investment professionals over theyears to implement what it believes to be best practices in the pursuit of stated investment objectives and client service. SilverCreek’s 18-year history of market-leading performance and cultural integrity continue to serve as distinguishing hallmarks. Today,

strategic partnerships and long-term relationships with clients, acting as a resource for expertise on the credit and broadermarkets, serving as a value-added investment manager and ultimately, a trusted advisor.TTaconic Capital Advisors L.P.Taconic Capital Advisors L.P. has offices in New York, London and Hong Kong and focuses on event investing. The firm wasfounded in 1999 by former Goldman, Sachs & Co. partners, Ken Brody and Frank Brosens. It currently has 117 employees (inclusiveof 42 investment professionals). Taconic’s eleven principals share in the profits of the firm, with no individual at Taconic receivingmore than 14% of the profits. Taconic currently manages approximately $7 billion in assets between its Opportunity and Event-Driven Funds. In addition to its Opportunity and Event-Driven Funds, Taconic launched Taconic Market Dislocation Fund II onNovember 21, 2008 with approximately $187 million of capital commitment from investors. This Fund is a private equity style Fundthat was designed to take advantage of the turmoil in credit markets.Third Point LLCThird Point LLC is an SEC-registered investment adviser based in New York founded by Daniel S. Loeb in 1995. Third Point manages$8.9 billion as of May 31, 2012 across a diverse asset base and has 62 employees, 26 on the investment team.Third Point employs an opportunistic, Event-Driven value oriented investment style. It seeks to identify companies or othersecurities/investments for which it anticipates a catalyst that will unlock value across the capital structure. It is not constrained bygeographies, industries or types of securities. The anticipated events could include a restructuring or spin-off, changes in capitalstructure and/or uses of excess cash flows, management changes, industry transition, or merger transactions. It pursues a similarapproach to creating short positions, looking for distress from an over-leveraged capital structure, unfavorable litigation,accounting uncertainty or potential fraud that may lead to a significant negative revaluation.Tudor Investment CorporationTudor Investment Corporation (“Tudor”) is a group of affiliated companies engaged in the investment management of client andproprietary assets. Paul Tudor Jones II formed Tudor Investment Corporation (“TIC”), the first of the Tudor Group companies, in1980. TIC and its affiliates serve as the investment manager to the Tudor family of funds. Tudor is privately owned by current andformer employees. Mr. Jones is the controlling principal and serves as Co-Chairman and Chief Investment Officer of TIC. Since itsinception, the Tudor Group has grown from one individual managing client capital into a global investment manager withapproximately 40 portfolio managers and/or trading groups covering a diverse universe of investment strategies. As of September1, 2012, the Tudor Group managed approximately $11.3 billion* across fixed income, currency, equity and commodity asset classesand related derivative instruments in the global markets for an international clientele. As of September 1, 2012, Tudor’s global assetmanagement business was comprised of 424 personnel from office locations in the United States, the United Kingdom, Singapore,Australia and Spain.*Includes assets under management of client funds, notional assets of managed accounts and notional assetsof two Tudor Group proprietary vehicles. Excludes certain other funds and accounts principally owned by Tudor Group proprietaryentities and Tudor Group personnel.Turner Investments, L.P.Turner Investments, L.P., founded in 1990, is a Philadelphia-based, 100% employee-owned investment management firmdedicated to providing our clients with top-tier investment performance combined with exceptional client service. As a firm, werecognize that our success is directly tied to our clients’ success and we remain firmly committed to the clients we serve. Thefoundation of our investment philosophy is that earnings expectations drive stock prices. This philosophy is implemented acrossour domestic, global/international, and equity long/short strategies through a “pure growth” investment approach. In constructingour equity long/short strategies, we take long positions in companies whose fundamentals support earnings that will exceedmarket consensus expectations and short positions in those with deteriorating earnings fundamentals. Our investmentprofessionals have been identifying and analyzing growth companies around the globe for over 20 years. Our 24-memberinvestment team is grouped into five sector-focused research teams that perform fundamental research on companies of allmarket caps across the globe. This structure allows analysts to maintain coverage of the companies they follow throughout theirlifecycle. Turner possesses the operational infrastructure and process-driven investment approach of a large institutionalinvestment manager combined with the entrepreneurial culture of a boutique. As of December 31, 2011, Turner managedapproximately $13.4 billion in assets.VVärde PartnersVärde Partners is a leading distressed debt investment manager. Founded in 1993 and named after the Swedish word for value,Värde seeks to earn superior absolute returns on a consistent basis with a focus on capital preservation. Investments have centeredon debt obligations of financially-troubled companies, nonperforming and sub-performing commercial real estate, commercial

William Blair & Company, L.L.C. is a Chicago-based, 100% active employee-owned investment firm founded by William McCormickBlair in 1935. The firm has always been conservatively managed; it has a strong balance sheet with no third-party debt and allequity comes from the capital investment of the 177 partners. Our Investment Management group uses a fundamentally driveninvestment approach and oversees $44.4 billion in assets (as of June 30, 2012) within domestic equity, international and globalequity, domestic fixed income, hedge fund of funds, and global macro strategies. The majority of our client assets have beenentrusted to us by financial institutions and institutional plan sponsors including corporations, foundations, endowments, publicentities, and Taft-Hartley plans.Wolverine Asset Management, LLCWolverine Asset Management, LLC (‘WAM’) is a Chicago-based alternative asset management firm founded in 2001. WAMmanages approximately $1.6 billion and seeks to generate excess returns for its investors by investing in the equity, credit,commodity, and volatility asset classes. The Wolverine Flagship Fund is a relative-value fund that uses the firm’s proficiency involatility pricing to generate attractive risk-adjusted returns. This proficiency has been achieved through competitive advantagesin operational scale, capital structure modeling, and risk-management technology. The Fund invests in high-barrier-to-entryrelative value strategies that take advantage of WAM’s world-class derivatives execution infrastructure. WAM has developedproprietary analytics that enables it to use a host of derivatives securities to hedge the Fund’s portfolio dynamically and in realtime. The portfolio is monitored by experienced traders who use proprietary risk management systems that allow WAM to observefully integrated fund positions across all asset classes. Wolverine partners and employees are large investors in the Fund, owning~20%, aligning management’s interests with other investors in the Fund.YYork Capital ManagementYork was founded in September 1991 as a hedge fund platform, with the goal of generating attractive, risk adjusted returns acrossbusiness and market cycles. Since inception, the Firm has sought to achieve this goal through a combination of focused researchand investment selection, coupled with disciplined risk management. York employs 50 investment professionals and 169 totalemployees globally, located primarily in New York, London, and Hong Kong. As of January 1, 2013, the Firm managedapproximately $14.5 billion in assets across nine hedge fund strategies as well as four other investment strategies. York leveragesits global research platform to employ a multi-strategy, event-driven investment approach, which emphasizes the fundamentalanalysis of industries and businesses. Event-driven investing at York is generally comprised of three different approaches:Distressed, Special Situations and Arbitrage.