Stella Capital Offshore

Fund, Ltd.

Fund Investment Objectives

Stella Capital Offshore Fund, Ltd. is an aggressive, performance-oriented, boutique fund of funds that seeks to find talented and competitive fund managers who show the initiative to be the finest in the world. The Fund is a single strategy fund of hedge funds targeting U.S. long/short equity managers. Our main focus is experienced and established managers, but we compliment these firms with newer, emerging managers - tomorrow's superstars. The portfolio consists of 10 to 15 managers whose stated goal is to have a concentrated portfolio, maintaining 20 to 30 positions at any given time - not over diversified, index oriented mega-portfolios. We view the Fund as a collection of 300 of the single best U.S. equity ideas.