Mulvaney Capital Mgmt. Ltd.

(Global Markets Fund LLC)

Fund Investment Objectives

The objective of the MULVANEY GLOBAL MARKETS FUND is to deliver high absolute returns in rising or falling markets through a systematic long-term trend following managed futures program. The Mulvaney Global Markets Fund invests in 45 futures contracts linked to commodities and financial assets listed on regulated exchanges around the world. The Fund takes a long-term approach to capturing trends and holds positions, on average, for six months. This long-term perspective reduces the likelihood of being shaken out of long-term trends by short-term price fluctuations. The Fund is systematic and driven by objective market price data. It is designed to generate returns in all market conditions by taking long or short positions across a diversified range of futures.