Order and truth from careful observation — the Fund's results and the month in markets.
Fund performance figures within each letter are net of all fees, as published by the Fund. Past performance is not indicative of future results. Newsletters are provided for informational purposes only and do not constitute an offer to sell or a solicitation of an offer to buy any security; any such offer is made only through definitive offering documents to verified accredited investors who are qualified clients. © 2026 Copernicus Hedge Fund LP · Vail, Colorado