West Road

Master Fund, Ltd.

Fund Investment Objectives

West Road Capital defines itself by its process. We believe capital markets offer pricing inefficiencies that arise from investors' natural behavioral biases. These investor biases create pricing anomalies the impartial can exploit. Our process keeps us impartial and we believe our approach to capturing these anomalies sets us apart. Our process integrates a value-discipline approach, rooted in fundamental research, alongside objective tools such as price momentum, to uncover names with transitory despair or euphoria. These are controversial opportunities, ones on the verge of change. Our valuation framework and objective tools keep us dispassionate as we research these opportunities. The inputs that drive this process are subject to intensive research review and quality assurance by the Portfolio Managers Sandy and Lee. As the process surfaces opportunities independent of the crowd, we expect low correlation to major hedge fund indices.