Strategy HG Long & Short fund invests primarily in long and short equity positions of companies investing in Brazil. The Fund uses fundamental and technical information to guide decision-making, at the discretion of management. The team uses their extensive industry contacts in a bottom-up approach to identify opportunities as well as macroeconomic analysis for a top-down approach to identify leading economic sectors. The Fund is designed to provide sophisticated investors with the opportunity to seek for long-term positive absolute return with low volatility and low correlation to stock markets using equities and equity derivatives as tools to arbitrage. The Fund intends to primarily utilize a long/short equity strategy. The Fund's investment portfolio is not subject to issuer, industry or geographic concentration limits or minimums, nor is the Fund subject to a leverage limit. HURDLE: US Dollar LIBOR Factor.