Summary

High Sierra Direct Mehnert, L.P. is a feeder fund to Mehnert Capital's Diversified Trading Program. Diversified Trading Program (“DTP”) takes positions across a diversified portfolio of domestic futures markets with a primary focus on, but not limited to, currencies, agriculturals, equity indices, interest rates, metals, energies, softs and meats. - In broad terms, the different trading approaches that make up the trading program attempt to generate trading profits in (i) trending, (ii) nontrending, and (iii) reversal phases of any major market trend. All trades taken are actively managed, with the view of locking in as much of the prevailing market move as possible, while at the same time allowing each trade sufficient room to move in order to meet its return objectives. Accessing the DTP program through a managed account requires a $750,000 minimum investment. Accessing the DTP program through High Sierra Direct Mehnert, L.P. requires a $50,000 minimum investment.