To reach and goals and achieve our objective, the Surfside Global Master Fund, L.P. will invest all assets on a three bucket strategy: Bucket 1: Generates income at approx. 2x Fed Funds, as an alternative to cash. Bucket 2: Protects against spread widening, smoothing P&L variations from bucket 1. Bucket 3: Relative value and directional trading. Buckets 1 and 2 can be increased and reduced in size depending on market opportunities, Fed Funds rates, cost of financing, market volatility and risk. At any point in time these two buckets can be altogether eliminated or constitute a larger participation in the fund strategy.