The objective of the TAG Relative Value Fund, L.P. is to earn a consistent rate of return or Absolute Return without relying on the direction of traditional stock and bond markets - an approach commonly referred to as a noncorrelated investment strategy. The TAG Relative Value Fund is a Fund of Funds which invests in multiple investment managers. These managers employ various investment strategies to capture return by recognizing differences in the relative value of different securities and/or derivatives in similar asset classes (such as fixed income arbitrage and convertible arbitrage). Event driven strategies (such as merger arbitrage and distressed debt investing) are also employed. AUM reflects the aggregate of the various share classes and is denominated in USD.