at ACAM Advisors fund of hedge funds. Prior experience includes: Double Alpha Group where he was a senior trader and assistant portfolio manager in Statistical Arbitrage; M. Morgan Securities where he was a Vice President in the Equity Derivatives Group; and Niederhoffer Investments, where he traded currencies, futur

risk. A Portfolio Manager may also hedge its investment with a contra-investment in a correlated index or sector rather than a comparable company. Statistical Arbitrage and Ouantitative Strategies: U.S. and non-U.S. statistical arbitrage and quantitative strategies generally are quantitatively driven and are employ