The Fund will trade in the international futures and forward markets with the
objective of achieving substantial capital appreciation using speculative
trading methods. One of the aims of the Fund is to provide diversification to
a limited portion of the risk segment of the investors' (each a "Member" and,
collectively, the "Members") portfolios into an investment field that has
historically often demonstrated a low degree of performance correlation with
traditional stock and bond holdings. Traditional portfolios invested in
stocks, bonds and cash equivalents can be diversified by allocating a portion
of their assets to non-traditional investments such as managed futures.
