ASG Global Alternatives Fund
Supplement dated August 24, 2012 to the Natixis Alternative Funds Statement of Additional Information (the SAI) dated May 1, 2012, as may be revised or supplemented from time to time. This supplement replaces the supplement dated June 29, 2012 to the SAI regarding ASG Global Alternatives Fund (the Fund).
Effective July 1, 2012, AlphaSimplex Group, LLC (AlphaSimplex) added a breakpoint in the Funds advisory fee, such that the Fund will pay an advisory fee at an annual rate of 1.15% for the first two billion of the Funds average daily net assets (including the net asset value of the Funds wholly-owned subsidiary) and 1.10% thereafter, calculated daily and payable monthly, less the advisory fee paid by the Funds wholly-owned subsidiary.