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Fund Investment Objectives

The Partnership's investment objective is to generate superior risk-adjusted returns over a broad range of market environments, through the long and short sales of securities. The Partnership invests in companies it identifies through a disciplined process involving thorough bottom-up fundamental research. The Partnership is expected to utilize leverage on a moderate to extensive basis, as the General Partner considers appropriate, with respect to its investment activities. The Partnership may invest in securities other than common stocks including, without limitation, options, preferred stocks, debt instruments, cash equivalents, and private placements in public and private companies.