Grenadier Fund

Fund Investment Objectives

Long/short equity. Opportunistic. The Fund, a New York limited partnership, was organized to invest in all types of publicly traded domestic and foreign securities and other publicly traded business interests, including put and call options (exchange listed and unlisted), warrants, debt instruments and money market instruments and in all rights and options relating thereto and, for hedging purposes, may enter into transactions in futures contracts on financial instruments, options on stocks and stock indices, and derivatives.