• Global Focus – most attractive opportunities lie in the less efficient overseas and emerging markets
  
  
• Performance Driven – seek attractive absolute and relative returns
  
  
• Emphasis on Young Funds – newly established firms usually have higher returns without incremental volatility
  
  
• Experienced team – Principals have been creating multi-manager programs for a combined 50+ years
  
  
• Significant financial commitment by the Principals – over $60 million of their personal capital is invested in Federal Street programs
  
  
• Limited business goal – the firm will only manage a relatively small group of assets
  
  
• Innovative Products – Portable Alpha and currency-hedged share classes available
  
  
• Low fees - 1%, no performance fees

Past performance does not necessarily serve as a comparable basis for future results and is not necessarily indicative of future results.  There is the potential for a substantial risk of loss involved with investing in this program. Investment losses may occur, and investors could lose some or all of their investment. Please refer to the Offering Memorandum for a description of the relevant risk factors pertaining to this investment.