AA Management, Ltd, a BVI company, is licensed to provide management services to mutual funds by the BVI Financial Services Commission. It is run by Jean Jacques Chenier and Nicolas Brau.

Jean Jacques Chenier (age 57),AA Management Ltd. founder and partner, holds a Masters in Economics and a Masters in Law from the Sorbonne (Paris, France) and has over 35 years experience in the futures and commodities markets. He started in 1972 by trading soft commodities on "La Bourse de Commerce de Paris". In December 1975, he was elected vice-Chairman of "La Chambre Syndicale des Remisiers en Bourse de Commerce". From 1976 until 1981, Mr. Chenier traded precious metals as a hedge for client portfolios and did the same from 1981 to 1987 in currencies. Mr. Chenier traded off-floor for his personal account from 1989 through October 1995. Since the end of 1995 Mr. Chenier has conducted research on systematic trading systems. He is based in New York.

Nicolas Brau (age 49), AA Management partner, is an Independent Asset Manager based in Geneva, Switzerland, member of the Swiss Asset Managers Association. He was head of the Eastern European Desk at Credit Suisse Private Banking in Geneva. He holds a Masters in Economics and a Masters in International Relations from "Institut d'Etudes Politiques de Paris".

J.Gianluca de Francisci is Senior VicePresident after a distinguished career in banking and financial services ranging from managing private client trust funds with Petschek Holdings to fund management with Prudential Bache and GCIC, (including commodities dealing) and merchant banking with Finserco.

AA Management Ltd. combines the expertise of traders and private bankers.

AlphaPlus FoHF Ltd. and ALT Fund Ltd. are NOT open to US Investors.

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Before continuing, please read the following disclaimer.

This site is presented for informational purposes only. The information provided on this site is for personal, non-commercial use. Neither the information nor any opinion contained in this site constitutes a solicitation or offer by AA Management Inc.. or its affiliates and partners to buy or sell any managed futures products of any kind or provide any investment advice or service. The information on this site is not intended to be used as the primary basis of investment decisions. This site does not provide specific investment advice to any individual viewing the content of the site and does not represent that the services described herein are suitable for any specific investor. Please note that investment involves risk, and that past performance does not guarantee future results. Please read the applicable disclosure documents carefully before deciding upon an investment decision.

The information provided on this site is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject AA Management, Inc. or its affiliates to any registration requirement within such jurisdiction or country. Anyone reading this material should be aware that any rules and/or regulations applicable to the provision of financial services (and the resultant investor protection benefits that may be available), may not be applicable to interfacing conducted through the internet medium and its various applications. The information on this site is not guaranteed as to accuracy, completeness or timeliness and such information might be subject to change, either expressly or impliedly, for any particular purpose. AA Management, Inc. expressly disclaims any warranties of merchantability or fitness for a particular purpose. AA Management, Inc. will not be responsible for any loss or damage that could result from interception by third parties of any information transmitted electronically or otherwise in connection with this site.

Information contained, including pricing, valuation, and commentary on specific products, if any, reflects the authors' analysis and other information available as of the publication date indicated. Furthermore, any quotations, news, opinions, commentaries, recommendations, data, pricing and all other information contained on this site are believed to be reliable, but AA Management, Inc. cannot and does not guarantee its accuracy, timeliness or completeness. Neither AA Management, Inc. nor any of its affiliates, directors, officers or employees, nor any third party vendor will be liable or have any responsibility of any kind for any loss or damage that you incur in the event of any failure or interruption of this site, or resulting from the act or omission of any other party involved in making this site or the data contained therein available to you, or from any other cause relating to your access to, inability to access, or use of the site or these materials, whether or not the circumstances giving rise to such cause may have been within the control of AA Management, Inc. or of any vendor providing software or services support.

AA Management Privacy Policy

AA Management, Inc. is committed to maintaining the privacy of the nonpublic personal information we obtain from you and from other sources about you in the course of providing you with our products and services.

Information we collect and sources of information

We may collect information about you to help identify you, evaluate your subscription, service and manage your investments in the products we sell, and offer you products and services you may find of interest. We collect this information from a variety of sources including:
- Information we receive from you on this web site, if any; Subscription Agreements; or other forms, whether written or electronic. This information may include, but is not limited to, your name, address, social security number, and information about your level of income, net worth and investment experience.
- Information about your transactions with us and our affiliates or others. This information could include your use of various products or services that we and our affiliates provide.
- Information we receive from our affiliates.
- Information we receive from other third parties such as demographic firms. This information could include investment preferences.

Information we disclose

AA Management, Inc. or its affiliates does not disclose any information on current or former clients or investors to any nonaffiliated third party except as permitted or required by law. For example, we may:
- share information with regulatory authorities and law enforcement officials who have jurisdiction over us or if we are required to do so by United States or other applicable law;
- provide information to protect against fraud;
- share information with your prior consent; and
- share information with service providers that perform administrative or marketing services on our behalf or to our accountants, attorneys and auditors.
In addition, we may share information about you with our affiliates as permitted by law such as information about your transactions or experiences with us, our affiliates or others. Our affiliates are financial services providers and include broker-dealers, investment advisors, commodity pool operators and commodity trading advisors.

Confidentiality and security procedures

We maintain physical, electronic and procedural safeguards that comply with federal standards in order to guard your nonpublic personal information. We restrict and limit access to nonpublic personal information about you to (a) those employees and affiliates who need to know that information to provide products or services to you; and (b) those nonaffiliated third parties whose access to such information is permitted by law and who need to know that information in order to assist us in providing you with the products and services you receive from us. We educate and train our employees on how to properly handle personal information and safeguard customer information and prevent its unauthorized access, disclosure or use. In addition, affiliates and nonaffiliated third parties that have access to personal information must agree to follow appropriate standards of security and confidentiality.

Changes to our privacy policy

We may amend this policy at any time and we will inform you of changes as required by law. If you have any questions regarding our Privacy Policy or if the information we have about you has changed, please contact us.

Risk Associated with AlphaPlus FoF L.P.

- An investment in AlphaPlus FoF L.P. involves substantial risk and may result in the complete loss of principal invested.
- Each Managed Account is speculative and is leveraged from time to time. As a result of leveraging a small movement in the price of a contract can cause major losses. We will monitor the leverage of each Managed account regularly but it is not limited by the amount of leverage it may employ.
- There is no secondary market for the investment offering and redemptions are only limited to certain periods.
- Cash foreign currency markets which are subject to high volatility which can be caused by many unpredictable factors including general economic and financial conditions, governmental politics, national and international political and economic events, and changes in interest rates.
- Substantial expenses must be offset by trading profits and interest income for each series to be profitable.

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