Punch Micro

Fund Investment Objectives

The Fund's investment objective will be to provide investors with positive absolute returns. The Managing Member will seek to accomplish this objective by establishing long equity positions in primarily U.S.-based micro-cap companies (those with market capitalization under $250,000,000). In addition, in order to strategically mitigate some of the directional risk associated with long-term ownership of this asset class, the Managing Member also intends to establish short positions in U.S. equities. By utilizing proprietary quantitative models and qualitative research, the Managing Member will seek to uncover micro-cap stocks whose growth potential is not appropriately reflected in the market for the security.