van Biema Asia Value Fund,

Ltd.

Fund Investment Objectives

The van Biema Asia Value Fund, Ltd is a dedicated value-only fund of hedge funds that launched in August 2008. van Biema Asia Value invests in 15 to 25 funds that employ a range of investment philosophies across the value spectrum. The Asia Value Fund targets small managers in the Pan-Asian markets with AUM less than $200 million that are under the radar. By forming a portfolio of these funds the Asia Value fund allows endowments, family offices and institutional investors to invest in what otherwise would be an inaccessible group of desirable and high quality funds. We allocate capital to relatively undiscovered managers that have proven track records or managers who have trained and worked under well-known value managers. We are value investors ourselves with on average over 20 years of experience and over $210 billion in aggregate invested in the value style. We believe that our fund's investment strategy may provide superior long term returns with a strong focus on capital preservation.