Pioneer Alternative Investments
Pioneer Alternative Investments offers a wide range of products to meet the needs of a diverse client base—from single strategy funds and multi-strategy funds to multi manager funds of hedge funds, managed accounts and structured note products.

Pioneer Alternative Investments has one of the most complete offerings in the marketplace, with over 60 products and assets under management in excess of US$3 billion. The backing of its parent, UniCredito Italiano S.p.A., Italy's largest bank by market capitalization and operating income, provides a strong corporate backdrop and infrastructure that many new hedge fund start-ups cannot offer.

The Investment Team consists of four senior managers responsible for portfolio management and asset allocation. Each manager has over 15 years' industry experience and all have worked together as a team since 1989. As a result, they bring with them a wealth of experience and stability as well as an intimate knowledge of the leading hedge fund players, their strategies and their respective strengths. Alongside the Investment team are the head of due diligence and a team of analysts drawn from several investment and industry sectors. In the hedge fund world, few teams can boost experience of this magnitude.

The Investor Base extends across the full client spectrum from private clients and third party distributors to banks, insurance companies, pension funds and institutions. Pioneer Alternative Investments is confident that its position at the forefront of product innovation will continue to provide the international and multi-channel client base with the products they need and the performances they expect.

Cidel Bank and Trust
Cidel Bank and Trust ("Cidel") and Pioneer Alternative Investments have had a long-standing joint venture relationship. Cidel Financial Group, a subsidiary of Cidel, represents Pioneer Alternative Investments in Canada. Cidel Financial Group, through its directors, is involved with the investment decisions and portfolio management of a range of Pioneer Alternative Investment Funds.

Cidel was founded in 1998 and has quickly become a leading world-class private bank. Located in Barbados, the bankÕs private wealth management services offer high net worth clients access to globally managed account services, through its representative offices in a number of cities around the world. The investments within a managed account are typically placed with independent investment managers that have a particular investment style or geographic focus.

Cidel provides a full range of trust and corporate services, working together with its clients and their professional advisors to implement offshore structures designed for a variety of reasons including international tax planning, asset protection, and estate planning. Structures may include offshore trusts, where it acts as trustee, as well as International Business Corporations incorporated in multiple jurisdictions worldwide and as Resident Barbados Corporations.

Cidel's clients that wish to manage aspects of their own investments have the ability to access a host of services provided by the bank. Clients are exposed to Cidel's preferred investment managers and products, and receive access to multi-currency money market accounts, multi-currency term deposits, and execution of stock trading with online trading accounts accessing the world's major markets.