1353282--3/31/2010--WARRINGTON_FUND_LP

related topics

{investment, property, distribution}

{tax, income, asset}

{interest, director, officer}

{regulation, change, law}

{competitive, industry, competition}

{control, financial, internal}

{acquisition, growth, future}

As a result of leverage, small changes in the price of the Partnership s positions may result in major losses. An investor may lose all of its investment. The Partnership will pay substantial fees and expenses regardless of profitability. An investor s ability to redeem or transfer units is limited. Investing in units might not provide the desired diversification of an investor s overall portfolio. Past performance is no assurance of future results. An investor s tax liability may exceed cash distributions. Regulatory changes could restrict the Partnership s operations. Speculative position and trading limits may reduce profitability.

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