Alpha HG Fund, LTD - Alpha

II Class

Fund Investment Objectives

The Fund is designed to provide sophisticated investors with the opportunity of investing primarily in the G-7 market under professional management. The primary investment objective of the Fund is to seek capital appreciation by allocating most part of its portfolio in long and short equities, equities indexes, currencies, interest rates, sovereign and corporate bonds, commodities, distressed securities, options and shares of investment funds under professional management, among others. The Fund may also allocate its portfolio in derivative instruments, which may include, but are not limited to, put and call options and future operations on stock, stock indexes, currency or other assets the Fund might be holding in its portfolio and may also use derivate instruments for leverage purposes. In case the Manager deems it appropriate, it may take opportunities in the emerging and/or any other markets. Considering the investment strategy of the Fund, it is highly exposed to volatility and may suffer substantial capital loss.