Xenon Alpha Plus 2 Fund Managers

Ivy Asset Management Corp. ("Ivy") and Meridian Diversified Fund Management, LLC ("Meridian", and together with Ivy, "the Fund Managers") manage the Ivy Fund and the Ivy Rosewood Diversified Fund, and the Meridian Fund, respectively. The Fund Managers have been selected because of their historical ability to generate generally positive returns in most market conditions.

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.

Meridian is an affiliate of Meridian Capital Partners, Inc. ("Meridian Capital"). Meridian Capital is based in New York, USA and is focused only on fund of hedge funds activities.