Recent history shows that equity returns can be negative and very volatile.

Private equity investments are illiquid and subject to the swings of the public markets.

Fixed income investments are unattractive due to low interest rates.

Investors and portfolio managers are increasingly investing in actively-managed funds that:

        - can perform in both bull and bear markets;
        - aim for returns non-correlated to equity and bond markets;
        - have well-defined risk-return parameters;
        - invest primarily in liquid instruments; and
        - are managed by investment professionals with a proven track record.