ACE Portfolio
Selection, Inc.
Sublime Securities Fund
(c) 2007
Our Firm
We select sublime securities for
our clients and ourselves. We have dedicated substantial resources to the
analysis of sublime securities and have one of the world’s largest portfolios,
outside of Federal Reserve System regulated banks. We are proud of our
record, having taken no write-downs on any of the securities we have purchased.2
We seek to purchase entire
portfolios of sublime securities opportunistically with particular focus on
motivated sellers. We believe that the ability to purchase entire portfolios
provides us a significant price advantage because of the certainty it provides
the seller. We prefer to negotiate directly with sellers in order to
garner detailed information on their analysis from the process of suggesting,
discussing, deleting and replacing securities in the prospective sale.3
We value our reputation.4 We believe in our analysis and we often invest more in
a transaction than all of our clients combined.5
While all investment strategies
have risks, our strategy has some unusual risks. Clients should carefully
review the Risks section.