Objective
- Seeks to capture above average market returns (Alpha) while limiting volatility (Beta) and risk levels (Standard Deviation).
Strategy
- Global long/short equity fund which utilizes a macro-economic investment analysis to create a diversified
  (global) yet concentrated portfolio. In addition, aderivative-based overlay strategy is implemented to further
  reduce the risk profile within the portfolio.
Key Attributes
1 - Diversification - The fund utilizes a unique global asset allocation approach in the construction of
     the portfolio. The portfolio experiences the benefits associated with diversification such as lower
     Beta and Standard Deviation levels by running individual long short portfolios within the (3) chosen
     asset classes: US Large Cap, US Small Cap and International.

2 - Long/Short - The fund utilizes an "Enhanced Active" long/short strategy in the construction of the
     portfolio. This investment strategy aims to create a "NetLong" portfolio ratio by using the proceeds
     of the short sales to purchase an equal amount of additional long positions. The end result combines
     the potential benefits of both hedging the portfolio with short positions and leveraging long positions
     while maintaining a zero leverage ratio.

3 - Concentrated - The fund strives to maintain a limited, or concentrated, number of positions within
     each asset class. The portfolio managers believe this investment process is an effective way to
     generate "Alpha" within the portfolio by potentially capitalizing on successful stock picking.

4 - Hedge Overlay In addition to the potential hedging benefits associated with long/short
     strategies, the portfolio managers implement an "Hedge Overlay" onto the portfolio to further
     modify the positions. The majority of modified positions are maintained for hedging purposes but
     are sometimes implemented to take advantage of mispriced securities.