The Radcliffe Multi-Strat strategy, launched in July 2022, is our highest target return strategy that invests tactically across all of Radcliffe’s strategies without the mandate constraints of our other funds and SMAs. Radcliffe rebalances the portfolio and manages sector and asset class weightings and leverage to continuously seek maximum risk-adjusted returns regardless of market conditions.

The strategy will seek to utilize Radcliffe’s established, comprehensive fundamental research process to identify and capitalize on absolute and relative mispricings across entire capital structures. Radcliffe invests tactically across all of Radcliffe’s existing strategies, plus opportunistically in other areas of expertise including:

• Convertibles / Convertible Arbitrage

• Loans

• High Yield & Distressed

• Long/Short

• Stocks

• Special Situations

All investments are subject to risks including the possible loss of principal. This description contains opinions and expectations regarding the marketplace and the strategy, as well as descriptions of current and potential investment processes.  There is no guarantee that our expectations will be met. Target returns are not guaranteed. Investments in the ordinary shares of SPACs offer principal protection via the SPAC’s trust. The strategy also invest in SPAC founder shares and warrants, which are not protected by the assets in the trust.  Radcliffe may change its investment process without notice at any time.