Fund Investment Objectives

Mosaic Trading is a multi-strategy fund of hedge funds whose investment objective is to achieve superior risk-adjusted returns with limited correlation to traditional asset classes . The Fund's assets are allocated to a selective list of hedge fund managers so as to achieve a high degree of concentration. The underlying hedge funds are selected from all the following strategies defined as global macro, fixed income arbitrage, convertible arbitrage, credit long/short, multi strategy, commodity trading advisors, and event driven strategies including merger arbitrage, distressed, and special situations. Mosaic Trading maintains a diversified portfolio across strategies and follows a tactical style allocation. Mosaic Trading does not use any leverage and targets a performance of LIBOR +400 - 600bps per year with a volatility of 5 - 7%. AUM reflects the aggregate of the various share classes and is denominated in EUR.