Investment Objective
The Fund’s objective is capital appreciation with the reduction of volatility that typically would be associated with investments in any one sector or asset class. The Fund is designed to favor risk management over total returns with a strategy that generally produces results which are uncorrelated to traditional investments.

The Sub-Advisor
Lighthouse Partners is an investment company specifically devoted to managing diversified pools of hedge funds. The Firm’s philosophy emphasizes significant diversification through investment strategies and sub-advisors to lower overall volatility. They specifically manage their investment to have a low beta and correlation to traditional stock and bond investments.

Silver Creek Low Vol Strategies seeks to achieve stable, long-term non-market directional returns with low relative volatility. The investment objective is to allocate capital among a diversified group of advisors who employ a variety of defensive hedge fund strategies.

Silver Creek Low Vol Strategies II was developed based on Silver Creek Low Vol Strategies and currently has approximately 70% or more manager and strategy overlap. The fund is designed to offer exposure to investment vehicles not typically available to hedge fund investors. (Inception July 2004)