Belmont Multi Strategy Fund Change of Policy

After a period of particularly poor performance, the decision has been made to migrate the Belmont Multi-Strategy Fund to a multi-manager structure. The Clinton Fund will be relieved of their responsibilities as the underlying manager, effective November 30th, 2018, and the fund will instead be allocated across a concentrated number of names in the Belmont stable. Central to this will be Millennium Management, with whom the firm has worked in the past.