The Fund’s advisor is ACR Alpine Capital Research, LLC (“ACR Alpine Capital Research”, “ACR” or the “Advisor”).

ACR was founded in 1999 with the goal of becoming a premier fundamental value focused investment boutique. ACR is built today on the experience and knowledge of its investment professionals, who continuously work to achieve business analysis and fundamental valuation excellence.

As a Registered Investment Advisor unaffiliated with any other financial institution, ACR is dedicated exclusively to the asset management business.

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ACR Alpine Capital Research is a fundamental valuation based asset management firm. Our investment philosophy is rooted in principles essential for successfully evaluating fundamental value and risk, which we believe is the key to investment success.