PIF has been structured to utilize the same investment techniques that are used by the most talented money managers around the world.

PIF combines complex strategies with the ease and convenience of mutual fund investing.

It is designed to:

• Reduce your risks in a substantial market decline
• Offer you a diversification found in no bond or money market fund
• Protect your hard-earned investments and your family's financial future
• Provide the convenience and cost savings of a no-load mutual fund

"Offshore" means off or away from the shore. In the case of hedge funds, offshore translates as organized, administered or domiciled in a tax-friendly jurisdiction; these locations may be landlocked or island locales. Many areas of the world are considered primary offshore centers including Caymans, Luxembourg and others. These low-tax locations (or "low-tax havens" or "tax-havens") are especially investor-friendly and are internationally regarded as the predominant, and most secure, financial sectors in the world.

Overall, investors seek greater freedom than is possible onshore. Offshore offers eligible investors significant tax benefits not available with registered funds.

Because offshore funds are not registered in the United States or EC they offer privacy benefits and a variety of tax advantages. The investors are not subject to income or withholding taxes on distributions received from the fund. Offshore funds are exempt from withholding taxes because the funds are located outside the investors' residency.

It is the responsibility of the investor to report any potential tax implications from their investments to the appropriate governing body.