LIBERTY COMMODITY PARTNERS, LP employs multiple strategies to provide investment exposure to the world's most liquid commodity markets. A directional approach seeks to participate in upward trending commodity markets and is designed to step aside when a commodity market enters a downward trend in price. A term structure strategy is designed to capitalize on mean reverting tendencies that have historically followed price dislocations in a commodity market's term structure. A third strategy focuses on the dynamic nature of price volatility within commodity markets and is designed to capitalize on volatility's mean reverting tendencies on a short term basis. The three strategies have a very low correlation to one another and together help capture returns unique to the commodity asset class.