Arden Alternative Advisers,


Fund Investment Objectives

Arden Alternative Advisers (AAA) is a diversified, multi-strategy investment program designed to provide investors with absolute returns on a consistent basis with low volatility and low beta to stocks and bonds. The Fund makes allocations to specialized event driven and relative value managers who are identified through a disciplined, research-driven investment process. As an offshore fund, this investment vehicle is intended for U.S. non-taxable entities, as well as for non-U.S. investors and does not accept ERISA investments. AAA has been organized utilizing a master/feeder structure. Arden has been managing hedge fund portfolios since 1993 and is a Registered Investment Adviser with the SEC. Management Fee and Incentive Fee are negotiable based upon amount invested.