The Investment Manager will construct a multi-strategy portfolio of UCIs which the Investment Manager believes will achieve optimum risk adjusted return on capital invested. The Sub-Fund’s assets will be allocated to professionally managed selected UCIs. The main objective of the Sub-Fund is to invest in UCIs pursuing a Long/Short Equity and/or Event Driven strategies. However, the Investment Manager has the right to invest in UCIs pursuing to a lesser extent other types of strategies. The Sub-Fund seeks to achieve long-term, risk-adjusted capital appreciation by investing its assets mainly in UCITS and/or other regulated UCIs primarily managed by independent investment managers worldwide and pursuing Long/Short Equity and/or Event Driven strategies (hereafter the “Underlying Funds”), and in any transferable securities (such as structured products as described below) linked or offering an exposure to the performance of the Underlying Funds.