Alternative Investment Trust (AIT) is an Australia-based registered managed investment scheme. AIT has exposure to a portfolio of absolute return funds through a swap agreement with Macquarie Bank Limited (the Swap). AIT is also engaged in asset realization. Its portfolio includes various strategies, such as asset-based lending, credit-related investments, distressed securities and multi-strategy. Laxey Partners (UK) Ltd (Laxey) is the investment manager of AIT. The responsible entity of the Trust is The Trust Company (RE Services) Limited.