CCM Partners

L.P.

Fund Investment Objectives

The Fund is a multi-advisor, multi-strategy investment vehicle. The investment objective is to outperform medium/small-cap equities with lower risk. The General Partner initially expects to implement the Partnership's trading and investment strategies by investing most of the Fund's assets in Domestic Funds, however, the Partner may invest the Fund's assets in Managed Accounts, in Advisor Funds directly or indirectly through specialized investments that may combine both Advisors and leverage. The Fund May take highly concentrated positions in select managers as part of alpha generation strategy and may take opportunistic positions in cash. The objective of the strategies is not to completely eliminate risk, but to take prudent and limited investment risks, which have both high probabilities of being profitable and extremely attractive risk/reward ratios. Firm undergoes an extensive due diligence by Charles Schwab & CO yearly.