LUPUS ALPHA COMMODITY OPPORTUNITIES FUND's approach is a combination of directional and non-directional strategies to attain a stable return in different market environments. Based on a factor-model, fundamental and technical evaluations are merged to analyze up to 30 commodity markets. In this way the concept of the Fund combines three strategies to benefit from the strengths of the methods and to compensate the weaknesses. The strategy is fully exposed to commodities through investment in commodity-linked derivative instruments, primarily through exchange traded futures and options. The Investment Manager's strategy will combine a quantitative model for directional investments and a non-directional approach through spread and options strategies. Directional strategies are long or short positions in a commodity future or option predicated on predicted market movement to participate in a move in the underlying commodity.