tion within the Multi-Strategy platform were: “Fundamental L/S” at -0.86% in Q4 and +1.16% YTD, and “Quantitative” at 0.29% in Q4 and -1.53% YTD. Our First Loss platform allocations contributed gross-returns of +0.72% in Q4 and +6.60% YTD.” The Fund averaged approximately 0.39% daily Value at Risk during Q4