CommonWealth Opportunity

Master Fund

Fund Investment Objectives

The Fund utilizes an opportunistic global macro strategy. The Fund employs macroeconomic principles to attempt to generate returns by positioning for price movements in credit, currencies, commodities, interest rates, and equities in any global market. The Fund's investment process is predicated on a topdown approach, analyzing key fundamental macro drivers that exist during each business cycle including, but not limited to: economic activity, global risk premiums, monetary policy, capital account, current account balance, trade weighted currency reserves, output gap, political landscape and flow of funds. The Fund utilizes leverage to increase its exposure to investments, and therefore the potential for profits or losses, both through traditional borrowing and through the use of derivatives and other financial instruments.