Turbo Multi-Strategy LLC began trading to invest in a series of derivatives, often referred to as barrier options, currently structured to provide an initial 3.5X leveraged return on the performance of the James River Multi-Strategy Fund L.P. (JRMS) as the reference asset. The options are written by a highly-creditworthy major financial institution and the inherent leverage is non-recourse to investors. JRMS is a broadly diversified fund of hedge funds that attempts to minimize downside risk in hedge fund investment while providing the potential for superior risk-adjusted returns with low volatility and low correlation to traditional markets. Turbo MS is suitable only for qualified investors who seek medium- to long-term capital appreciation potential and who can tolerate performance likely to be significantly more volatile than that of JRMS. AUM reflects the aggregate of the various share classes and is denominated in USD.