The Hyperion Fund is an actively traded absolute return fund utilizing S&P 500 options and futures. The fund’s objective, through its four strategies, is to produce a repeatable and clearly defined return regardless of market direction. We weight each strategy to achieve a desired negative correlation to major indices as well as the systems being traded. Through analyzing this data and experience in various market cycles, we have developed an understanding of where each strategy will struggle and where it will outperform. The need then is to have a strategy that will outperform to a higher ratio than the other will struggle and to weight the two to give the fund the highest chance of a consistently profitable trade. Although there is always a risk of loss, we believe completely that we have a created a portfolio of strategies that will achieve our objective and add diversification and value to an investor’s portfolio.