Overhill Liquid Arbitrage

Fund L.P.

Fund Investment Objectives

The Manager dynamically allocates the Fund's capital across a range of arbitrage and event-driven investment strategies as opportunities become apparent. It is the Manager's intention to invest the Fund's assets primarily in equities and other liquid securities. The Fund has a strong focus on merger arbitrage. The Manager sizes positions to seek superior risk adjusted returns while showing a commitment to capital preservation. Performance returns reflect the share class that allows participation in IPOs.