The investment objective of the Fund is to generate a positive return on capital in Japanese Yen terms. The Fund seeks to acheive this goal by pursuing event driven, high yield, distressed, and arbitrage strategies in Japan. While the Fund may invest in a variety of individual strategies and financial instruments, the common objective across all investments (except for short-term cash holdings) is to produce positive returns by exploiting specific investment opportunities. AUM is in JPY. Minimum Investment is in JPY.