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Made-off Act I, Chapter IV: Tremont

The attached investment summary looks a whole lot like Tremont bundling one of the Made-off funds with some other managers (or maybe not?) and repackaging the lot. To wit: "Rye Investment Management is the division within Tremont Group Holdings, Inc. that develops, manages and promotes the firms platform of select manager funds - the Rye Select Funds." And: "The Fund pursues a "split strike synthetic conversion" trading strategy that generally consists of approximately 50 large-cap stocks hedged with equity index options." (Sound familiar?) I particularly enjoy the Alpha and Beta (versus S&P 500) figures. Anyone know if it was on glossy paper?

Rye Select Broad Market Fund.pdf