Corbin Macro

Fund, L.P.

Fund Investment Objectives

The Corbin Macro Fund's investment objective is to consistently realize risk-adjusted returns through exposure to global macro strategies. The fund is comprised of a global, thematic portfolio which has a concentrated group of managers whose skill sets and investment strategies center on global macroeconomic opportunities across interest rates, foreign exchange, emerging markets, equities and commodities. Disclosure: Performance shown from September 1, 2006 through March 31, 2012 is that of Corbin Strategy Fund - Macro Master Ltd. ("CSFMM"), an investment vehicle formerly managed by Corbin Capital Partners, L.P. ("CCP"), and is presented net of a .50% management fee and a 5% quarterly performance fee. Performance shown in the previous two pages beginning April 1, 2012 is that of Corbin Macro Fund, L.P. ("CMF" or "Fund", together with CSFMM the "Funds"), and is presented net of a 1.0% management fee and a 5% annual performance fee. Performance shown for the period prior to April 1 would be lower if the higher CMF fee structure were in place during such period. The investment objective and strategy of CMF is the same as that of CSFMM. CCP ceased performing investment management services for CSFMM on March 31, 2012 and CSFMM, which held investments principally in underlying offshore hedge funds ("Offshore Funds"), ceased investment operations on such date. CMF commenced investment operations on April 1, 2012 and as of such date held investments, in each case of equal or substantially similar size, in the underlying domestic counterpart hedge funds ("Domestic Funds") to substantially all of the Offshore Funds. There can be no assurance that the Domestic Funds will perform in a similar manner as the Offshore Funds performed prior to April 1, 2012. The performance of the Domestic Funds may differ substantially from the performance shown above for the Offshore Funds. Performance is presented net of expenses and includes new issue income, the reinvestment of dividends, gains and other earnings unless otherwise stated herein. Figures as presented may include slight rounding errors. All figures above which take into account the current month's performance information are estimated and monthly figures are not audited. Each investor's rate of return may vary from this performance due to the timing of capital transactions as well as their new issues status. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.