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This video is dated as of 31 August 2016. The assets under management referenced in this video exclude a non-discretionary, long-only managed account structured for a single investor. The information contained herein is neither an offer to sell nor a solicitation of an offer to purchase any securities. Such an offer will only be made to qualified purchasers by means of a private placement memorandum and related subscription documents.

This video may contain forward-looking statements, opinions and projections that are based on our current beliefs and assumptions and on information currently available that we believe to be reasonable. However, such statements necessarily involve risks, uncertainties and assumptions, and prospective investors may not put undue reliance on any of these statements.

This video has been prepared to provide general business information about Lighthouse and certain of its investment risk management functions. When considering whether to purchase any financial instrument, no reliance should be placed on the information in this video. Such information is preliminary and subject to change without notice and does not constitute all the information necessary to evaluate the consequences of purchasing any financial instrument. In addition, this video includes information obtained from sources believed to be reliable, but Lighthouse does not warrant its completeness or accuracy. Nothing in this presentation should be construed as tax, regulatory or accounting advice. Any prospective investor must make an independent assessment of such matters in consultation with his or her own professional advisors. Past performance is not necessarily indicative of future results.

Asset Commander is a third-party tool that is owned and operated by Opera Solutions, LLC which was developed in part by Lighthouse to assist its investment risk management function. Lighthouse has entered into an agreement to license Asset Commander from Opera, however, to the extent Opera licenses the software to any third parties, Lighthouse may share in those fees. Asset Commander is one of several resources, used by Lighthouse Investment Partners, LLC (“Lighthouse”), both internal and external, to assist its investment risk management function. There are no assurances that Lighthouse will be successful in achieving its investment risk management objectives. The projections or other information that may be generated by Asset Commander regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. The source data used by Asset Commander to formulate projections and other analysis is preliminary in nature and may contain material errors, miscalculations, inaccuracies and may also be incomplete. Certain financial instruments held within Lighthouse managed accounts may not lend themselves to risk modeling by Asset Commander and the utility of Asset Commander with respect to managed accounts that hold such instruments may be materially limited. All expressed or implied representations or warranties of any kind with respect to projections or other data generated by Asset Commander, including without limitation, warranties as to accuracy, completeness, timeliness, suitability, merchantability or use for any particular purpose are hereby disclaimed.

This may not be reproduced or otherwise disseminated in whole or in part without the express written consent of Lighthouse.