The Zebra Global Equity Fund LP is a systematic, equity beta neutral strategy which seeks to exploit the liquidity premium among public equities. The Fund takes long positions in relatively less liquid stocks with strong fundamentals and short positions in highly liquid stocks with weak fundamentals. The Fund targets near-zero beta. The investment strategy of the Fund can be viewed as pro-fundamental and anti-glamour in terms of the stocks it favors. Effective October, 2010 AUM reflects the aggregate of the various share classes and is reported in USD.