today, we think that a balanced portfolio between strategies that can capture some of the upside in the continued equity bull run, particularly within the event equity space, taking advantage of the corporate activity environment that we are currently in. Balancing those exposures with lower beta, more defensive strategies that we think can grind out returns in the 6-10 or 8-12 percent range, with relatively low volatility and low beta versus other parts of our portfolio. 11. Portfolio Positioning: How much turnover was there in the portfolio in 2014? Troy Gayeski, Partner & Senior Portfolio Manager, SkyBridge Capital: Over the past quarter, there has been roughly, it depends on when you start, because the majority of the turnover began at the end of May and concluded at the end of July. So over that time horizon we turned over roughly 35 percent of the portfolio and for the year it was roughly 44 through that 7 month window.

Now if you roll the clock further it is over 70 percent, because what we did at the end of October was ramp risk back up so we did a variety of swaps for underlying managers from kind of their low octane products back to their high octane products. It’s been a very active year for this year. Important Information All investments are subject to risk, including the possible loss of the money you invest. We recommend that you consult a professional advisor about your individual situation. For more information about SkyBridge Multi-Adviser Hedge Fund Portfolios – Series G (“Series G”), call 1888-759-2730, to obtain a prospectus. Investment objectives, risks, charges, expenses, and other important information about a fund are contained in the prospectus; read and consider it carefully before investing. .