Sand Spring Advisors is a General Partner of a fund of funds private Limited Partnership that involves allocations to various hedge fund and Commodity Trading Advisors. The Limited Partnership is open only to "Accredited" investors as defined by the CFTC (among other tests, an individual with a liquid net worth in excess of $1 million, or an annual net income in excess of $200,000 in the two most recent years).

The Limited Partnership is not a public offering. The securities offered are not required by law to be, and accordingly have not been, registered or qualified with, nor approved or disapproved by, the Securities and Exchange Commission ("SEC") or any state securities regulatory authority, nor has such commission or any regulatory authority passed upon the accuracy or adequacy of the Limited Partnership's Confidential Offering Memorandum. Any representation to the contrary is a criminal offense.

Pursuant to an exemption from the Commodity Futures Trading Commission in connection with pools whose participants are limited to Qualified Eligible Participants, an Offering Memorandum for this pool is not required to be, and has not been, filed with the Commission. The Commodity Futures Trading Commission does not pass upon the merits of participating in a pool or upon the adequacy or accuracy of an Offering Memorandum. Consequently, the Commodity Futures Trading Commission has not reviewed or approved this offering or any Offering Memorandum for this pool.

The risk of investing in this product, which generally includes managers that trade futures and options, can be substantial. Prior to solicitation for such products, the rules of the Commodity Futures Trading Commission ("CFTC") require delivery of a Disclosure Document (Offering Memorandum) which explains, among other things, the principal risk factors and costs of any proposed alternative investment program, including the potential impact of fees and expenses, the "breakeven" point in dollars and the percentage return necessary to recover one's initial investment, and restrictions on redeeming or withdrawing one's initial investment.

A copy of this Disclosure Document (Offering Memorandum) follows in PDF format and should be examined in full before investing. All investors must also be provided, execute, and return to the General Partner of the LP a hard-copy of the Disclosure Document (Offering Memorandum) Subscription Agreement before investing.

Among other issues, you should carefully consider whether your financial condition permits you to participate in a commodity pool Limited Partnership. In so doing, you should be aware that futures and options trading can quickly lead to large losses as well as gains. Such trading losses can sharply reduce the net asset value of the pool LP and consequently the value of your interest in the pool LP. In addition, restrictions on redemptions may affect your ability to withdraw your participation in the pool.

Further, commodity pools may be subject to substantial charges for management and advisory and brokerage fees. It may be necessary for those pools that are subject to these charges to make substantial trading profits to avoid depletion or exhaustion of their assets. The Disclosure Document contains a complete description of the principal risk factors, each expense to be charged to the pool LP, and a statement of the amount, as a percentage of return and dollar amount, necessary to break even, that is, to recover the amount of your initial investment.

This brief statement cannot disclose all of the risks and other factors necessary to evaluate your participation in this commodity pool Limited Partnership. Therefore, you should proceed directly to the Disclosure Document (Offering Memorandum) on the next page and study it carefully to determine if such trading is appropriate for you in light of your financial condition. You will not incur any costs or charges by accessing the Disclosure Document (Offering Memorandum), but PDF Viewer software, also accessible from the page that follows, is required to access this file.

Clients interested to potentially invest in our LP must also contact Sand Spring Advisors to request an actual hard-copy Disclosure Document (Offering Memorandum) of the LP product offering. Electronic access to this documentation in no way waives an investor's right to a hard-copy version of the Disclosure Document (Offering Memoorandum).

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Thank you for visiting Sand Spring Advisors LLC, Inc. We hope to hear from you again soon. For more information on Sand Spring Advisors actual programs, services, or to request a copy of a Disclosure Document, please phone us at 973 829 1962, FAX your request to 973-829 1962, or e-mail us at

Corporate Office:
10 Jenks Road,
Morristown, NJ 07960
Phone: 973 829 1962
Facsimile: 973 829 1962

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