ALPINE EQUITY FUND GROUP ("ALPINE EQUITY FUND")                     — 21st Century Equity Trading Firm —

At Alpine Equity Fund, we seek to profit from daily market movements in the prices of target securities. We identify sectors that are ripe for mass disruption, then uncovering best of breed companies and look for asymmetric risk and reward on a per equity basis.  We also participate in trading options, futures, bonds, crypto and other qualified digital assets. Trading is very different than investing,  in that it demands tremendous focus daily on market positions, trading volume, rotation, momentum and the efficiency of the buy sell marketplace.  Trading activity usually involves frequent buying and selling of positions that repeat over a given day, week(s) or given month,  but may potentially last as long as nearly one year due to the annual mark-to-market requirement, pursuant to a valid 475(f) election.  More typical trades range from same day to weeks and sometimes up to a month.  Often, trading platforms utilize graphs and charts combined with more traditional metrics and newer metrics to determine as close to real time value, buy sell signals and more. Some trading platforms use mathematical algorithms and/or AI to determine best timing for entry points and sell points and others utilize more real time news sources that impact equities. We utilize both and tend to buy/sell in securities with outsized moves (volatility) both to the upside and downside that provide opportunities to trade these securities.