sumes a leverage ratio of 10:1. which approximates the historic leverage in these strategies. Synthetic Structured Credit, which is a sub-strategy of Structured Credit, assumes a leverage ratio of SI Share Class Long/ShimMich is a sub-strategy of tonglShort Equity Special Situations, assumes a leverage ratio of 31

ssumes a leverage ratio of I 0- I, winch approximates the historic leverage in those strategies Synthetic Structured CrodiL which is a subitrategy of Structured Credit, assumes a leverage ratio of 5.I. Share Class LonWShort, which is a sub-strategy of Long/Short Equity Special Situations, assumes a leverage ratio o