GRRIX : James Alpha Macro Portfolio Class I

Fund Summary

The investment seeks to achieve attractive long-term risk-adjusted returns relative to traditional financial market indices. The fund seeks to outperform the returns of various macro based investment strategies, such as, among others, systematic diversified, discretionary thematic, active trading, commodity, currency and multi-strategy. It may invest up to 25% of its total assets in a wholly-owned and controlled Cayman Islands subsidiary (the "Subsidiary") to gain exposure to certain commodity-linked investments such as commodity futures, options and swap contracts.