Lighthouse V Fund Limited

(Class A)

Fund Investment Objectives

The Lighthouse V Fund Limited is designed for pension plan investors, with particular regard for U.S. ERISA investors. The multi-strategy fund seeks absolute return with low correlation and beta to traditional markets, investing in both commingled hedge funds and managed accounts. Approximately 77% of the offshore portfolio is invested through managed accounts (as of March 31, 2014). Note: AUM prior to 2010 combines both the onshore and offshore funds.