Xenon Alpha Plus 1 Fund Managers

Ivy Asset Management Corp. ("Ivy") and Silver Creek SV, L.L.C ("Silver Creek", and together with Ivy, "the Fund Managers") manage the Ivy Fund and the Ivy Rosewood Diversified Fund, and the Silver Creek Fund, respectively. The Fund Managers were selected having regard to their objectives, approach and strategy, risk controls, experience and background and their historical ability to generate positive and stable returns over the medium to long term.

Ivy, manager of the Ivy Fund and the Ivy Rosewood Diversified Fund, has operated for over 20 years and is based in New York, USA. Ivy is focused only on fund of hedge funds activities.

Silver Creek, manager of the Silver Creek Fund, is based in Seattle, Washington, USA. Silver Creek is focused only on fund of hedge funds activities and its principals have been managing Funds of Hedge Funds for over 10 years.