EACM Absolute Return Fund,

Ltd

Fund Investment Objectives

The Fund seeks to generate long-term capital appreciation while maintaining a low correlation with traditional global financial markets. The Fund targets a return of Libor (US$) plus 5% with a standard deviation comparable to US bonds. It invests in a diversified portfolio of alternative investment styles and strategies. The Fund is considered part of EACM's low volatility multi-strategy fund of hedge funds program.