Blue Sky

Japan L.P.

Fund Investment Objectives

The Fund's objective is to achieve and preserve consistent above average absolute (not relative) returns in the Japanese equity market independent of overall market volatility. Using a top-down approach to market directional trading as well as a bottom-up stock picking approach, the Fund invests and actively trade in a portfolio of stocks, long and short. The Fund seeks to actively manage market directional risk while limiting foreign exchange risk. Minimum Investment is $100,000 for individuals and $1,000,000 for institutions. JPY Class E also available.