Multi Strategy SICAV - Pendulum class I USD is an open-ended investment company with an objective to achieve capital appreciation through investments with carefully selected money managers who look for absolute returns while containing the volatility of their performance at a low level. Most of the selected managers implement arbitrage strategies. The manager's selection process focuses on the liquidity of the underlying investments, the leverage used in the portfolio and the internal risk control procedures in the organization. Most of the selected managers are independent and have a significant portion of their personal wealth invested in their own Fund. AUM reflects the aggregate of the various share classes and is denominated in USD.