ESTABLISHED AND STABLE ORGANIZATION   Established in October 1993   Over $13 billion assets under management   More than 60 people in New York and London   Registered Investment Adviser with the Securities & Exchange Commission   Arden Asset Management (UK) Limited is authorised and     regulated by the Financial Services Authority in the United Kingdom INDEPENDENT AND FOCUSED   Independent employee-owned firm   Managing multi-manager portfolios is Arden's only business   Significant investment by employees in Arden's funds PROVEN INVESTMENT PROCESS   Exclusive focus since inception on absolute return strategies   In-depth knowledge of managers   Qualitative and quantitative analysis   Bottom-up/Top-down construction   Comprehensive risk management