The Fund's primary investment objective is to maximize total return through capital appreciation and income from long and short investments in, including but not limited to, public and private investment-grade, non-investment-grade and un-rated debt securities, loans, options, convertible debt and credit default swaps of corporate issuers. The Fund has a global mandate and may invest a substantial portion of the Fund's assets in securities issued by companies domiciled in or with substantial operations in emerging market countries. Many of these emerging market countries have unstable governments and less developed legal systems. The Fund incepted January 15, 2010. AUM combines the On and Offshore Funds.