Battenkill Capital Management Announces Relationship With White Peaks Asset Management, LLC

ALLENTOWN, N.J., June 7, 2011 /PRNewswire/ -- Battenkill Capital Management Inc. ("Battenkill"), a NJ-based SEC-registered investment advisor, today announced it will sub-advise to White Peaks Asset Management's ClearEdge platform. Clear Edge is a Colorado based separate account platform with a strong focus on risk management.  ClearEdge's platform looks for alpha driven strategies, while their approach employs a unique method to alleviate style drift risk and keeping the underlying strategies within their mandates and risk parameters.  White Peaks' Charles Bernard said, "We found Battenkill's risk management, low exposures, low correlations and fundamental based investment strategy to be in line with the objectives of ClearEdge.  Having them on board is a value add to us and our portfolio."

Battenkill's President and CCO Bruce Vinci said, "We are pleased to announce our first Registered Investment Advisor (RIA) relationship with White Peaks Asset Management.  We appreciate the opportunity to be one of the investment solutions ClearEdge will offer to their clients."

"Alpine Fund's disciplined investment approach and risk management experience is a great fit for ClearEdge's  SMA platform," said Rick Franzen, Alpine Fund Portfolio Manager.  The fund employs a fundamental-based market-neutral investment process and focuses on stock selection within the Energy and Industrial sectors."

Battenkill Capital Management was founded in 2007.  Prime Brokerage Services are provided by Merlin Securities.  For more information about The Alpine Fund, please contact Bruce Vinci at (609) 223-2669 or visit www.alpinefundlp.com; Bloomberg ticker: BATNALP.

You should consider a fund's investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information about the Clear Edge sponsored investment products, call 303-322-1163 or visit www.whitepk.com The Alpine Fund LP, call 609-223-2669 or visit alpinefundlp.com.  Please read the respective prospectus carefully before investing.

This summary does not constitute an offer to sell or a solicitation of an offer to buy securities and may not be used or relied on in connection with any offer or sale of securities.  Any offer or solicitation can only be made through delivery of a final private placement offering memorandum, limited partnership agreement and execution of a subscription agreement, and will be subject to the terms and conditions contained in such documents, and can only be made where permitted by law.  This summary is qualified in its entirety by the private placement offering memorandum, which will contain, among other items, a description of the risks of an investment in the fund. "Net Return" performance results are considered "Net" of all management and performance fees. The private placement offering memorandum should be read thoroughly.  Past performance is not an indication of future results.

SOURCE Battenkill Capital Management Inc.