The Fund seeks long-term capital appreciation by pursuing positive absolute returns across market cycles, with low sensitivity to traditional equity and fixed-income indices. A multi-manager approach allocates assets among the Investment Adviser and sub-advisers across alternative credit, private equity, hedged strategies, direct credit and real estate, directly or through private investment vehicles, registered funds and subsidiaries. It may hold up to 40% of net assets in bank loans and may use leverage, short sales and derivatives.