Dern's Market Opportunity

Fund L.P.

Fund Investment Objectives

Dern Capital's investment goals are two-fold: maximize investment returns and preserve capital. The markets are in constant flux and different market indicators are more relevant at some times than others. An examination of different indicators helps establish market bias. While these and other indicators can help assess market risk, a greater emphasis is placed on market trends, which are a strong indication of how investors view the myriad of indicators. Assets are actively and opportunistically allocated among mutual funds, stocks and/or exchange traded funds (ETFs). The Partnership's General Partner and family members are substantial investors.