A.G. Bisset

(Currency Alpha)

Fund Investment Objectives

BISSET's CURRENCY ALPHA PROGRAM is designed for investors interested in profiting from currency as an alternative asset class or as an alternative investment strategy. The currency alpha program takes long and short positions in currencies to generate returns. Bisset's currency models determine whether a currency is bought or sold and then systematically calculates the size of each position in order to reduce portfolio volatility and to increase returns over time. Bisset's scaling model manages leverage (when desired) by scaling the portfolio up or down based on indications given by the currency models for the probability of success. Returns from the Currency Alpha program are taken from unleveraged accounts.