Common use of Business of the Fund Clause in Contracts

Business of the Fund. (a) The business of the Fund is to purchase, sell (including short sales), invest and trade in Securities and engage in any financial or derivative transactions relating thereto. Portions of the Fund's assets (which may constitute, in the aggregate, all of the Fund's assets) may be invested in general or limited partnerships and other pooled investment vehicles which invest and trade in Securities or in separate managed accounts through which the Fund may invest and trade in Securities, some or all of which may be advised by one or more Portfolio Managers or Sub-Advisors. The Fund may execute, deliver and perform all contracts, agreements and other undertakings and engage in all activities and transactions as the Board or the Advisor may deem necessary or advisable to carry out its objective or business.

Business of the Fund. (a) The business of the Fund is to purchase, sell (including short sales), invest and trade in Securities and engage in any financial or derivative transactions relating thereto. Portions of the Fund's assets (which may constitute, in the aggregate, all of the Fund's assets) may be invested in general or limited partnerships and other pooled investment vehicles which invest and trade in Securities or in separate managed accounts through which the Fund may invest and trade in Securities, some or all of which may be advised by one or more Portfolio Managers or Sub-AdvisorsAdvisers. The Fund may execute, deliver and perform all contracts, agreements and other undertakings and engage in all activities and transactions as the Board or the Advisor General Partner may deem necessary or advisable to carry out its objective or business.