Titan Masters International

Fund, Ltd.

Fund Investment Objectives

The fund's objective is to provide consistent, superior capital appreciation through the use of a multi-manager investment strategy. The fund's portfolio construction process seeks returns of 8-15%, with a standard deviation of 6% or less and 75% profitable months. The portfolio consists of approximately 20 - 24 managers utilizing long/short equity, global macro, multi-strategy and event driven strategies. The fund seeks to avoid managers that rely significantly on illiquid strategies or substantial leverage.