other private investment funds as well as other investors, many of which have resources substantially greater than the Underlying Funds' resources. The Management Company's ability to enable the Underlying Funds to compete successfully depends on its ability to attract and retain successful portfolio managers. Addition

HUBUS133 Alpha Group Capital Generally, an Underlying Fund will not be restricted from dealing with any particular counterparty. The Management Company's evaluation of the creditworthiness of a counterparty may not prove sufficient, and the lack of a complete and "foolproof' evaluation of the financia

es and Procedures In compliance with Rule 206(4)-6 under the Advisers Act, the Management Company has adopted proxy voting policies and procedures. The Management Company's proxy voting policy is overseen and implemented by a Proxy Voting Committee, consisting of the Chief Compliance Officer and the Chief Operating Off