Tiverton

Investments, LLC

Fund Investment Objectives

The Tiverton Trading Discretionary Program is a long term discretionary global macro commodity strategy. Sectors traded include precious metals, base metals, grains and soy complex, meats, softs, energy, currencies, fixed income, domestic and international stock indices. The object of the strategy is to achieve capital growth while attempting to control risk with discipline and money management. The manager relies on a combination of fundamental and technical analysis in making trading decisions, with the objective of participating in major price moves in markets traded. Investors can participate in the Discretionary Program via US fund Tiverton Investments LLC, or via separately managed accounts.