PSAM Rebound

Fund Ltd.

Fund Investment Objectives

Rebound seeks to produce attractive returns by applying an event-driven and value oriented approach to investments in distressed companies and other special situations. Rebound's investment philosophy actively utilizes short positions as both hedges and as fundamental investments. The keys to implementing this approach are: an understanding of the dynamics of the reorganization process, conservative asset valuation, capital structure selection, careful risk management, and portfolio diversification. Rebound's strategy is to pursue investments in the securities and obligations of distressed and special situations companies as well other entities having: substantial market pricing discounts to inherent value, foreseeable events that will cause the realization of value and distortions and mispricings within the capital structure. AUM combines both the onshore and offshore fund.