KWK Merger

Arbitrage

Fund Investment Objectives

KWK Merger Arbitrage Fund invests in public companies involved in various forms of corporate reorganizations that present a merger/risk arbitrage opportunity, including announced mergers, tender offers, spin-offs, selftenders, restructurings, and other value-driven special situations. The fund seeks to generate consistent risk adjusted returns while maintaining a low volatility profile. Prior to Jan 1, 2011, includes returns of Coastview Equity Partners LP, the preceding and affiliated Merger Arbitrage Fund.