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This material is for informational and illustration purposes, is furnished on a confidential basis, is intended only for the use of the authorized recipient and may not be distributed to any other person without the prior written consent of Alternative Investment Research and Technologies LLC (AIRT). This material is neither advice nor a recommendation to enter into any transaction. This material is not an offer to buy or sell, nor a solicitation of an offer to buy or sell, any security or other financial instrument. Any offer or solicitation of an investment in any fund may be made only by delivery of the fund's confidential offering documents (each, a "Memorandum") to qualified investors. An investment in a fund is not suitable for all investors. Before making any investment in a fund, you should thoroughly review the Memorandum with your legal, financial and tax advisors to determine whether an investment in the fund is suitable for you. You should not rely in any way on this information. Certain information provided herein is obtained from sources, including publicly and privately available information, that AIRT considers to be reliable; however, AIRT cannot guarantee and makes no representation as to, and accept no responsibility or liability for, the accuracy, fairness or completeness of this information. Information is as of the date(s) indicated and is subject to change.

Past performance is not indicative of future results.

The funds are unregistered private funds and are NOT subject to the same regulatory requirements as mutual funds. There are restrictions on transferring fund investments and there is no secondary market nor is one expected to develop for investments in any fund managed by AIRT. The funds have high fees and expenses that would reduce returns and other specific risks as to a particular fund's investments and strategies.

This material and its contents are proprietary information of AIRT and its affiliates and may not be reproduced or otherwise disseminated in whole or in part without AIRT's prior written consent.

CONFIDENTIAL - DO NOT COPY OR DISTRIBUTE.

© 2007 AIRT. ALL RIGHTS RESERVED.

All use of this web site is governed by the current form of our Terms and Conditions of Use. See also our Trademark and Copyright Information and Privacy and Security Policy.

Disclaimer

This material is for informational and illustration purposes, is furnished on a confidential basis, is intended only for the use of the authorized recipient and may not be distributed to any other person without the prior written consent of Alternative Investment Research and Technologies LLC (AIRT). This material is neither advice nor a recommendation to enter into any transaction. This material is not an offer to buy or sell, nor a solicitation of an offer to buy or sell, any security or other financial instrument. Any offer or solicitation of an investment in any fund may be made only by delivery of the fund's confidential offering documents (each, a "Memorandum") to qualified investors. An investment in a fund is not suitable for all investors. Before making any investment in a fund, you should thoroughly review the Memorandum with your legal, financial and tax advisors to determine whether an investment in the fund is suitable for you. You should not rely in any way on this information. Certain information provided herein is obtained from sources, including publicly and privately available information, that AIRT considers to be reliable; however, AIRT cannot guarantee and makes no representation as to, and accept no responsibility or liability for, the accuracy, fairness or completeness of this information. Information is as of the date(s) indicated and is subject to change.

Past performance is not indicative of future results.

The funds are unregistered private funds and are NOT subject to the same regulatory requirements as mutual funds. There are restrictions on transferring fund investments and there is no secondary market nor is one expected to develop for investments in any fund managed by AIRT. The funds have high fees and expenses that would reduce returns and other specific risks as to a particular fund's investments and strategies.

This material and its contents are proprietary information of AIRT and its affiliates and may not be reproduced or otherwise disseminated in whole or in part without AIRT's prior written consent.

CONFIDENTIAL - DO NOT COPY OR DISTRIBUTE.

© 2007 AIRT. ALL RIGHTS RESERVED.

All use of this web site is governed by the current form of our Terms and Conditions of Use. See also our Trademark and Copyright Information and Privacy and Security Policy.