For the purposes of the allocation of profits and losses to investors and the calculations of the fees due the General Partner, the Net Asset Value of the Fund shall be determined in accordance with the valuation policies approved by the General Partner. Although the General Partner will attempt to value the securities on a "marked-to-market" basis using market values established pursuant to public trading activities, these values are subject to extreme volatility and may or may not accurately reflect the true values of the underlying positions subsequent to any valuation date. By the time investors receive performance reports describing the activity and value of the Fund, the reports may no longer be reliable indications of the value of the Fund assets.