Sage Valley Capital Management believes that the Forex market is the most suitable venue to apply systematic and technical trading strategies. These strategies will include computerized technical analysis, algorithm driven quantitative strategies, and programmable settings. Trading will take place in the off exchange or "over the counter" market and positions will be netted and settled on a daily basis. The highly liquid nature of the Forex market allows the Partnership to enter and exit positions on a daily and intra-day basis, in order to minimize transaction costs and maximize profit margins. Sage Valley Capital Management expects that this liquidity will allow it to consistently adapt to changes in market conditions.