Altair Hedged Equity

Partners L.P. Class A

Fund Investment Objectives

Altair Hedged Equity Partners LP seeks to achieve a long-term total return in excess of the average rate of return achieved by the S&P 500 Index over full market cycles (7-10 years). The Fund will allocate its assets to a select number of investment partnerships or other pooled investment vehicles (underlying funds) specializing in both domestic and foreign equities, covering a variety of sectors and market capitalizations. The Fund may also establish separately managed accounts as underlying funds. These underlying funds will employ non-traditional investment strategies, including short-selling, hedging and the use of leverage.