SummerHaven Investment Mgmt

(Commodity Abs. Return)

Fund Investment Objectives

SUMMERHAVEN COMMODITY ABSOLUTE RETURN FUND, L.P. (SCARF) aims to provide diversified market-neutral commodities returns and low correlation with traditional asset classes including directional commodity indexes, traditional trend-following CTAs and hedge funds. SCARF LP invests on a long-short basis in commodity futures contracts (including softs, livestock, grains and oilseeds, energy, industrial metals and precious metals) traded on worldwide futures exchanges. The investment strategy and process is driven by extensive fundamental and quantitative research. Assets reported are those of the firm.