The investment objective of the Argos Alternative Strategies Fund (AASF) is to achieve significant absolute returns of 12-15% by investing in a diversified portfolio of top performing, established hedge fund managers, employing a wide diversity of styles. The portfolio will consist of some 20-25 managers and will typically exhibit annualised volatility of 3-4%. Managers will demonstrate low correlations, and the aggregate portfolio will have a moderate balance of risk. Prior to April 2013, AUM reported per share class. As of April 2013, AUM is reported aggregate across share classes.