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The latest results for all of Scots Cliff Investments' limited partnerships are presented hence, all returns inclusive of dividends:

General partner returnLimited partner returnBenchmark (S&P500 incl. div)Limited partner accumulatedBenchmark (S&P500) accumulated
201111.47%10.23%2.1%10.23%2.1%
201219.03%16.53%16.0%28.45%18.4%
201331.11%26.59%32.4%62.61%56.8%
201421.43%18.53%13.7%92.74%78.3%
20157.13%6.61%1.4%105.48%80.8%
201619.03%16.53%12.0%139.45%102.5%
201725.55%21.56%21.1%192.03%145.2%

(1) As the general partner, I guarantee to have 100% of my capital free for investment placed in the same strategy as all partners. (2) The goal is for everyone to outperform the S&P500. Consequently in this difficult endeavour, fees have been made razor thin and the lowest in the hedge fund industry. Zero fees for returns less than 4%, and 1/6th the part of the return that exceeds 4% between consecutive calendar years without clawback.

— J. Cochran
General Partner
Scots Cliff Investments
info@scotscliff.com