Cirrus

Capital Partners, LP

Fund Investment Objectives

The Fund trades in equities, ETFs, and options across multiple time frames. The investment strategy is not captive to a particular market sector. Focus is placed on wherever the best perceived reward/risk opportunities lie. Multiple trading method- ologies are employed without relying on a single overriding approach. Emphasis is placed on shorter holding periods, with swing (hours/days) and position (days/weeks) trading being dominant. Trading activity is high, and is generally proportional to market volatility. Strategy is based on top down analysis, starting with evaluation of the broader market trends, and working down to individual sectors and stocks. Trade decisions result from employing several analytical methods, including technical, sentiment, cyclical, and fundamental. Sector and stock relative strength, as well as a predetermined reward/risk analysis, are critical factors in determining long and short trades.