Renaissance Institutional

Diversified Alpha Fund LLC

Fund Investment Objectives

Renaissance Institutional Diversified Alpha (RIDA) Funds employs a quantitative global investment strategy with exposure to a diversified universe of equity securities traded on U.S. exchanges, futures and forwards, utilizing longer-term alpha signals. The Funds seek to maximize risk-adjusted return over long time periods with a targeted volatility of 12% and with the goal of achieving a Sharpe ratio greater than 1.0 over the long term. Most returns are expected to come as alpha over the long term as RIDA is intended to have low correlation to the U.S. and global equity markets generally and have medium to low correlation to other asset classes.