Merritt Capital Partners LP is a multi-strategy fund of hedge funds, investing more than 50% of its assets with long/short equity managers and the balance in event driven, distressed and relative value focused funds. The investment objective of the Partnership is to achieve attractive long-term returns, while minimizing the risk of capital erosion and the volatility usually associated with equity-like returns. The Partnership avoids leverage and seeks to invest with managers who generally limit leverage. The Managing Partners principally invest with well established fund managers with multi-year track records, managing assets in excess of a billion dollars. The Managing Partners have a significant part of their net worth invested in the Partnership. Fund AUM reflects the Firm AUM.