Dexion Absolute Limited has gone out of business. Dexion Absolute Limited is a closed-ended balanced feeder fund launched by Dexion Capital (Guernsey) Limited. It is managed by Aurora Investment Management L.L.C. The fund invests substantially all its assets in Aurora Offshore Fund Ltd. II, which in turn invests in an actively managed portfolio of hedge funds diversified by investment strategy, style, and manager. It employs long/short equity, long/short credit, event driven, macro, and opportunistic strategies to create its portfolio. The fund seeks to invest in funds that employ a combination of fundamental analysis and quantitative analysis with a mix of top-down and bottom-up stock picking approaches. It makes its investments with a focus on the return expected from a given strategy, the risk or probability of a significant decrease in value of the investment, the marketability of the securities involved, the extent to which the performance of the strategy correlates with other strategies, the type of investment or economic environment that will affect the particular strategy, and the cost of implementing the strategy, including transaction costs and fees. The fund benchmarks the performance of its portfolio against the HFRI Fund of Funds Index, MSCI World Index Gross (TR) Index, and the JPM Global Government Bond Index (TR). It conducts in-house research to select managers. Dexion Absolute Limited was formed on December 19, 2002 and is domiciled in United Kingdom.