or industries, and forced liquidations (e.g., mutual fund redemptions, required sales of distressed securities, etc.). 49905521 -4- EFTA00310625 Investment Strategies Over time, the Partnership may pursue a broad array of investment strategies which the General Partner believes will minimize the Partnership's ris

petitive advantages. Cyclical analysis involved the analysis of business cycles to find favorable conditions for buying and/or selling a security. Investment Strategies WAM uses long term trading, short term trading, short sales, and options writing (including covered options, uncovered options, or spreading strate

petitive advantages. Cyclical analysis involved the analysis of business cycles to find favorable conditions for buying and/or selling a security. Investment Strategies WAM uses long term trading, short term trading, short sales, and options writing (including covered options, uncovered options, or spreading strate