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y research expenses not reimbursed or otherwise paid by broker dealers (including some or all of the costs associated with various data feeds (e.g. Bloomberg terminal, etc.) and subscriptions to professional journals and the like not to exceed 60bps annually (as measured by the Partnership's capital at
NVESTMENT OBJECTIVE AND STRATEGY," it is not obligated to do so, and it may choose other investments and strategies that it believes are advisable. Concentration of Investments. The Partnership Agreement does not limit the amount of the Partnership's capital that may be committed to any single investment, industry or sector
or initial and ongoing due diligence on Portfolio Managers, online news and quotation services, computer hardware and software used for research, Bloomberg service, etc.), seat license fees, withholding and transfer taxes, blue sky fees and other initial and ongoing offering costs and expenses, initial
he ownership and control of one or both of the General Partner and the Investment Manager may change without the approval of the Limited Partners. Concentration of Investments. The Investment Manager will seek to diversify the Partnership's portfolio (see "Investment Program"). Nevertheless, at times the Partnership may
ty research expenses not reimbursed or otherwise paid by broker dealers (including some or all of the costs associated with various data feeds (e.g. Bloomberg terminal, etc.) and subscriptions to professional journals and the like not to exceed 60bps annually (as measured by the Partnership's capital at t
egies described under Section 8A, it is not obligated to do so, and it may choose other investments and strategies that it believes are advisable. Concentration of Investments. The Partnership Agreement does not limit the amount of the Partnership's capital that may be committed to any single investment, industry or sector
Entities connected to both Bloomberg L.P. and Concentration of Investments

Marc Rich
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Eric Holder
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the Internal Revenue Service
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