Given the funding requirements of the Instruments §5.2 used for trading the Fund’s
Methodology §5.1, the Unicorn Macro Fund, LP rarely has more than two full Positions open at any one time.
Each full Position rarely risks more than 5% of the AUM of the Fund §6.8. Typically, the Fund maintains
either full Positions or half Positions where half Positions rarely risk more than 2.5% of the AUM of the Fund. Positions are affected by Synthetic
Straddles §5.7 which reduce the risk and funding requirements of the Main
Trade §5.6 and provide an opportunity for a Synthetic Extra Trade §5.8.