Chapin

Partners Fund

Fund Investment Objectives

The investment objective of the Fund is to achieve risk-adjusted returns with low correlation to traditional equity and fixed income over an investment cycle of three to five years. The fund seeks to achieve this goal by investing in a diversified portfolio of hedge funds managed by 12-17 fund managers employing different investment strategies. The Fund may invest in a limited number of traditional long only managers not to exceed 20% of the total fund. There can be no assurance that the investment objectives of the Master Fund will be achieved. AUM reflects the aggregate of the onshore and offshore funds and is denominated in USD.