Old Growth

Partners L.P.

Fund Investment Objectives

Old Growth Partners L.P. is a long/short equity hedge fund that aims to achieve long-term capital appreciation by primarily investing in equity securities and equity-related instruments of high growth companies based in North America. The Portfolio Manager seeks six key characteristics in its long positions: sustainable competitive advantages, strong profitability, large market opportunities, market dominance, a track record of success and tenured management teams. The short side of the portfolio consists of over-leveraged companies, deteriorating business models and management teams that the Portfolio Manager believes are not likely to succeed. The goal of Old Growth Partners is to let its best investment ideas drive capital appreciation without creating excessive risk.