Awards & Ratings

	TELOS AAA- Rating In July 2009, the AC Pharos Evolution Fund received a coveted AAA- Rating from the renowned rating agency TELOS.
	"Highly Commended" AC Pharos Evolution Fund was named "Highly Commended" at Hedge Funds Review European Performance Awards 2009 in the "Best UCITS-Compliant Product" category.
	5 stars from Scope In the course of its Investment Rating in January 2009, Scope Analysis (a leading German rating institution) has awarded the AC Pharos Certificate with “5 Stars for Excellent Quality”.
	Reconfirmed: AAA- by Telos Today, renowned rating agency TELOS announced that it reaffirms the AC Statistical Value Market Neutral 7 Vol Fund's AAA- rating for 2010!
	Telos AAA- Rating In January 2009, the AC Statistical Value Market Neutral 7 Vol Fund received a coveted AAA- Rating from the renowned rating agency TELOS.
	Telos AA+ Rating The TRANA – Triple Alpha Fund has recently received a rating by TELOS. On a scale from A to AAA (highest score), the Triple Alpha Fund has been rated with “AA+” which certifies a very high quality standard.
	1st Prize Aquila Vol Opportunity (Pharos Familie) Best German Single Hedge Fund IBC's Annual Hedge Fund Award 2008
	3rd Prize Aquila Capital Multistrategy Opportunity Best German Fund of Hedgefunds IBC's Annual Hedge Fund Award 2008
	Fund Award 2009 The editors of €uro, €uro-fondsxpress and €uro am Sonntag have awarded the best German funds with the “€uro Fund Award 2009”. The AC Hedge Multistrategy Opportunity Fund placed 3rd in the “Alternative Investments” category.