Long/Short Selection - US Strat Class I EUR is a multi-manager open-ended fund. It invests its assets in Long/Short Selection - US Strat Class I USD (the Fund) and systematically hedges the US dollar currency exposure through currency forward positions. The Fund is invested with a selection of independent money managers with whom Notz, Stucki has built a long-term relationship. The selected managers invest mainly in the US equity market but each of them applies a different investment methodology. All of them will always carry short positions as they seek to achieve absolute positive performances. The investment objective of the Fund is to achieve a performance in line with the S&P 500 index in a rising market, to outperform in a trendless market and to protect the capital in down markets. Under normal market conditions, it is expected that the Fund's net exposure will be between 40% and 60% while its gross exposure should not exceed 120%. AUM prior to October 2011 is in EUR.