Walbert Diversified Strategy

Fund, L.P.

Fund Investment Objectives

The strategies employed by the money managers will be diverse and may include, without limitation, public and private, U.S. and foreign, long and short positions in equity securities, options, warrants, fixed income securities, preferred stocks, convertible securities, financial and commodity futures, currency forward contracts, over-the-counter derivative instruments, securities that lack active public markets, and other financial instruments. The money manager may also vary in their approach with respect to investment and trading strategies used, hedging and arbitrage strategies, and the use of short sales and leverage.