So investiert der Fenghe Asia (USTE) Fund Ltd Series A Fonds: The Fund, through its investment in the Master Fund, seeks to achieve capital appreciation through utilisation of a long-short investment strategy over the medium term (without regard to short-term volatility), primarily in the equity securities of companies that benefit directly or indirectly from Asia’s economic transformation. The Fund, through the Master Fund, seeks to achieve its investment objective through the purchase and sale of, both long and short, equity securities of companies, including but not limited to equities, American depository receipts, global depository receipts, convertible securities, bonds and other fixed income securities, options, warrants and puts and calls on stocks and warrants. In addition, it is intended that the Fund, through the Master Fund, may invest in commodities, futures or other derivative securities, such as contracts for differences, and may also utilise money market and other financial instruments, including but not limited to government treasury issued bills, notes, corporate and municipal bonds, certificate of deposit and money market funds. The Investment Manager will aim to take advantage of both significant under and over-valuation which may occur from time to time.