All investing involves risk and may experience positive or negative growth. Nothing herein should be construed as guaranteeing any investment performance. There can be no assurance that Sagefield will be successful in implementing its investment strategy or achieving its investment objective. Economic and market conditions may drastically impact Sagefield's ability to obtain the performance portrayed. Sagefield Investment Group is the investment manager of the Sagefield Relative Value Master Fund and its feeder funds. Sagefield Investment Group is an investment adviser registered with the Securities and Exchange Commission and Sagefield Capital is its relying adviser and is the investment manager of the Sagefield Multi-Strategy Fund. Registration as an investment adviser does not imply a certain level of skill or training.