<?xml version="1.0" encoding="utf-8"?>
<schema xmlns:ck0001506707="http://www.aq.com/20260801" xmlns="http://www.w3.org/2001/XMLSchema" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xl="http://www.xbrl.org/2003/XLink" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:negated="http://www.xbrl.org/2009/role/negated" xmlns:ref="http://www.xbrl.org/2006/ref" xmlns:deprecated="http://www.xbrl.org/2009/arcrole/fact-explanatoryFact" xmlns:dei="http://xbrl.sec.gov/dei/2026" xmlns:us-gaap="http://fasb.org/us-gaap/2026" xmlns:cef="http://xbrl.sec.gov/cef/2026" xmlns:cef-pre="http://xbrl.sec.gov/cef-pre/2026" xmlns:dtr="http://www.xbrl.org/2009/dtr" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:ecd="http://xbrl.sec.gov/ecd/2026" xmlns:dtr-types="http://www.xbrl.org/dtr/type/2022-03-31" targetNamespace="http://www.aq.com/20260801" elementFormDefault="qualified">
  <!-- INTEGIX by Ez-XBRL -->
  <import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd"/>
  <import namespace="http://www.xbrl.org/2003/linkbase" schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd"/>
  <import namespace="http://xbrl.org/2005/xbrldt" schemaLocation="http://www.xbrl.org/2005/xbrldt-2005.xsd"/>
  <import namespace="http://xbrl.sec.gov/dei/2026" schemaLocation="https://xbrl.sec.gov/dei/2026/dei-2026.xsd"/>
  <import namespace="http://fasb.org/us-gaap/2026" schemaLocation="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd"/>
  <import namespace="http://xbrl.sec.gov/cef/2026" schemaLocation="https://xbrl.sec.gov/cef/2026/cef-2026.xsd"/>
  <import namespace="http://xbrl.sec.gov/cef-pre/2026" schemaLocation="https://xbrl.sec.gov/cef/2026/cef-2026_pre.xsd"/>
  <import namespace="http://www.xbrl.org/dtr/type/2022-03-31" schemaLocation="https://www.xbrl.org/dtr/type/2022-03-31/types.xsd"/>
  <import namespace="http://xbrl.sec.gov/ecd/2026" schemaLocation="https://xbrl.sec.gov/ecd/2026/ecd-2026.xsd"/>
  <annotation>
    <appinfo>
      <link:roleType roleURI="http://www.aq.com/role/Cover" id="Cover">
        <link:definition>0000 - Document - Cover</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.aq.com/role/FinancialHighlights" id="FinancialHighlights">
        <link:definition>0000 - Disclosure - Senior Securities</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.aq.com/role/FeeTable" id="FeeTable">
        <link:definition>0000 - Disclosure - Summary of Fees &amp; Expenses And Example Table</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.aq.com/role/Risk" id="Risk">
        <link:definition>0000 - Disclosure - Risk</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:roleType roleURI="http://www.aq.com/role/CapitalStockLongTermDebtAndOtherSecurities" id="CapitalStockLongTermDebtAndOtherSecurities">
        <link:definition>0000 - Disclosure - Capital Stock Long Term Debt And Other Securities</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
      </link:roleType>
      <link:linkbaseRef xlink:type="simple" xlink:href="ck0001506707-20260801_pre.xml" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase"/>
      <link:linkbaseRef xlink:type="simple" xlink:href="ck0001506707-20260801_def.xml" xlink:role="http://www.xbrl.org/2003/role/definitionLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase"/>
      <link:linkbaseRef xlink:type="simple" xlink:href="ck0001506707-20260801_lab.xml" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase"/>
    </appinfo>
  </annotation>
  <element name="BusinessAndRegulatoryRisksMember" id="ck0001506707_BusinessAndRegulatoryRisksMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="ConflictsOfInterestRiskMember" id="ck0001506707_ConflictsOfInterestRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="CybersecurityRiskMember" id="ck0001506707_CybersecurityRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="DistributionsToShareholdersAndPaymentOfTaxLiabilityRiskMember" id="ck0001506707_DistributionsToShareholdersAndPaymentOfTaxLiabilityRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="EmergingMarketsRiskMember" id="ck0001506707_EmergingMarketsRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="EmployingFundOfFundsStrategyInvolvesRisksNotPresentInDirectInvestmentProgramsMember" id="ck0001506707_EmployingFundOfFundsStrategyInvolvesRisksNotPresentInDirectInvestmentProgramsMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="FundMayBorrowMoneyRiskMember" id="ck0001506707_FundMayBorrowMoneyRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="FundNonDiversifiedRiskMember" id="ck0001506707_FundNonDiversifiedRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="FundsAndInvestmentFundsUseOfLeverageInvolvesRiskOfLossMember" id="ck0001506707_FundsAndInvestmentFundsUseOfLeverageInvolvesRiskOfLossMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="FundsAndInvestmentFundsUseOfShortSellingHighlySpeculativeRiskMember" id="ck0001506707_FundsAndInvestmentFundsUseOfShortSellingHighlySpeculativeRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="FundsInvestmentStrategiesMayInvolveRiskOfLossMember" id="ck0001506707_FundsInvestmentStrategiesMayInvolveRiskOfLossMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="FundsUseOfDerivativesInvolvesRisksMember" id="ck0001506707_FundsUseOfDerivativesInvolvesRisksMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="IncentiveFeeRiskMember" id="ck0001506707_IncentiveFeeRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="IncentiveFeesChargedByInvestmentManagersAndAdviserMayCreateIncentivesForSpeculativeInvestmentRiskMember" id="ck0001506707_IncentiveFeesChargedByInvestmentManagersAndAdviserMayCreateIncentivesForSpeculativeInvestmentRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="InterestsRateRiskMember" id="ck0001506707_InterestsRateRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="InvestingInConvertibleSecuritiesInvolvesRiskOfLossMember" id="ck0001506707_InvestingInConvertibleSecuritiesInvolvesRiskOfLossMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="InvestmentFundsAndInvestmentManagersMayBeNewlyOrganizedRiskMember" id="ck0001506707_InvestmentFundsAndInvestmentManagersMayBeNewlyOrganizedRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="InvestmentFundsForeignInvestmentsInvolveRiskOfLossMember" id="ck0001506707_InvestmentFundsForeignInvestmentsInvolveRiskOfLossMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="InvestmentFundsMayBeConcentratedOrInvestSignificantlyInVolatileSectorsAndMarketsRiskMember" id="ck0001506707_InvestmentFundsMayBeConcentratedOrInvestSignificantlyInVolatileSectorsAndMarketsRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="InvestmentFundsMayBeExposedToCreditRiskMember" id="ck0001506707_InvestmentFundsMayBeExposedToCreditRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="InvestmentFundsMayPurchaseEquitySecuritiesWithoutRestrictionAsToMarketCapitalizationRiskMember" id="ck0001506707_InvestmentFundsMayPurchaseEquitySecuritiesWithoutRestrictionAsToMarketCapitalizationRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="InvestmentFundsUseOfDerivativesInvolvesRiskMember" id="ck0001506707_InvestmentFundsUseOfDerivativesInvolvesRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="InvestmentFundsUseOfHedgingInvolvesRiskOfLossMember" id="ck0001506707_InvestmentFundsUseOfHedgingInvolvesRiskOfLossMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="InvestmentsInCommodityInterestsMayInvolveSubstantialRisksMember" id="ck0001506707_InvestmentsInCommodityInterestsMayInvolveSubstantialRisksMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="InvestmentsInFixedIncomeSecuritiesInvolveRiskOfLossMember" id="ck0001506707_InvestmentsInFixedIncomeSecuritiesInvolveRiskOfLossMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="InvestmentsInHighYieldSecuritiesMayHaveAdverseEffectRiskMember" id="ck0001506707_InvestmentsInHighYieldSecuritiesMayHaveAdverseEffectRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="InvestmentsInNonVotingStockInabilityToVoteRiskMember" id="ck0001506707_InvestmentsInNonVotingStockInabilityToVoteRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="MarketDisruptionAndGeopoliticalRiskMember" id="ck0001506707_MarketDisruptionAndGeopoliticalRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="RestrictedAndIlliquidInvestmentsInvolveRiskOfLossMember" id="ck0001506707_RestrictedAndIlliquidInvestmentsInvolveRiskOfLossMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="ShareholdersHaveOnlyLimitedLiquidityRiskMember" id="ck0001506707_ShareholdersHaveOnlyLimitedLiquidityRiskMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
  <element name="TaxRisksMember" id="ck0001506707_TaxRisksMember" type="dtr-types:domainItemType" abstract="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" nillable="true"/>
</schema>
