Anand Christopher Parekh

AIG employs both fundamental and quantitative analysis of publicly traded companies and their respective securities. Their objective in providing advisory services to the clients is to generate a consistent, long term appreciation of assets through the active management of an equity-focused portfolio which includes sector specific, market-neutral sub-portfolios together with various complementary equity focused investment strategies. They have flexibility to invest in a wide range of listed and OTC equity, equity linked and credit instruments as well as other asset classes in connection with the fundamental and quantitative strategies that they employ. AIG's approach is equity-focused and it takes both long and short positions in equities and equity derivatives. In addition, the firm invests in convertible bonds as well as credit derivatives, corporate bonds, securitizations, synthetic securitizations, and other credit-based instruments.

Citadel Advisors employs, for the benefit of the funds, proprietary investment strategies based upon fundamental research as well as on quantitative analysis. Equity investment strategy focuses primarily on investments in the equity and equity-linked securities of companies globally, concentrating on US and European issuers. Fixed Income and Macro strategy focuses primarily on investments in the currency, equity, and fixed income markets globally, concentrating on the G-10 markets. The Commodities strategy focuses primarily on investments in a range of commodities markets, such as power, natural gas, crude oil and refined products, and agricultural products and commodities-related securities globally, concentrating on markets in the US and Europe. The Credit strategy focuses primarily on investments in the corporate debt, equity, and equity-linked securities of companies globally, concentrating on US and European issuers. Lastly, the quantitative strategies focus primarily on investments in the equity, fixed income, commodities and currency markets globally, concentrating on US and European equity markets. For certain funds, the Citadel Advisors take both long and short positions in a broad range of investment instruments, while they utilize a narrower range of investment instruments for certain other Funds.