Sivik Healthcare Offshore

Fund, LTD

Fund Investment Objectives

The Sivik Healthcare Offshore Fund, LTD investment objective is to achieve returns primarily through investments in equity securities and other equity-related instruments (including convertible securities and options) of healthcare companies globally. The Fund invests in all major sectors of the healthcare industry, including pharmaceuticals, biotechnology, medical devices and healthcare services. The Fund may utilize leverage in its investment program through the purchase of securities on margin, short sales or otherwise. The fund's actual inception date is July 2, 2001.