ValeantFund Summary

8/13/2019 ValeantFund Summary

1/9

VALEANT FUND, L.P.Private Offering Summary


2/9

Investment Objective

The objective of the Fund is to, over the long haul, beat allthree major indices DJIA, S&P 500 and the NasdaqComposite. I believe that in beating these three formidablebenchmarks we will have also beaten 90+% of mutual andhedge fund managers.

Note: Refer to attached document for details on the Funds objectiveand motivation.


3/9

Investment Strategy

The investment manager will employ a disciplinedinvestment process, utilizing his financial expertise,experience and investment techniques to research andevaluate fundamental factors, in seeking to achieve theobjectives of the Fund.

The Fund will be a focused portfolio comprising of a fewsecurities that the investment manager believes areundervalued.


4/9

Investment Strategy

The Fund

Will invest in publicly traded US equity, equity derivatives andbonds.

Has the ability to use leverage but limited to no more than30% of total fund asset value.

Will not engage in shorting of any security.

Will not engage in trading of any form of futures or forwardcontracts.

Note: Refer to attached document for details on the investmentphilosophy and partnership rules.


5/9

Alignment of Interest between the Investorand the Investment Manager

The investment manager will contribute at least 50% ofthe initial Fund capital.

The investment manager intends to reinvest all feesearned back into the Fund.

The Fund fee structure is strictly performance based. Thefees are subject to high-water marks.

The above guidelines are designed to provide complete

alignment of interests between the investor and the

investment manager.


6/9

Fee Structure

No management fees are charged by the Fund unlessdefined performance criteria are met.

Management fees charged by the Fund are strictlyperformance-based.

The first 6% of annual returns go to investors. The returnsgenerated above 6% are split in a 3:1 ratio betweeninvestors and the fund management.

All fees are subject to high-water marks. That is, the Fundmust be at an all time high for any fee to be payable.


7/9

Suitability of Investment

The Fund is ideally suited for investors that have a long-term orientation in investing and are comfortable getting afew data points every year on their investment.


8/9

Fund Policies

Minimum Initial Investment: $20,000

Redemption: Redeem all or portion of interest inincrements of not less than $10,000.

Redemptions are allowed once a year(on 12/31) with a 60 day advancenotice.

Subscription: Follow-on subscriptions are allowed

every quarter (1/1, 4/1, 7/1,10/1) witha minimum of $10,000

Fund Distributions: The Fund does not intend to makecurrent distributions of income.


9/9

About the Investment Manager

8 years investment experience managing family portfolio

Chartered Financial Analyst Level II certification

MBA (in progress) at Leeds, UCB

MS at Texas A&M University with background in Statistics and

Probability Theory

Documents

ValeantFund Summary