Important information regarding the Information provided herein.
Not an offer and confidential: This communication is provided for your internal use only. The information contained herein is proprietary and and may not be disclosed to third parties or duplicated or used for any purpose other than the purpose for which it has been provided. Although the information provided on the web site has been obtained from sources which we believe to be reliable, we do not guarantee its accuracy, and such information may be incomplete or condensed. The information is subject to change without notice. This web site and any communication herein is for information purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security or of any fund we may manage or offer. Since we furnish all information as part of a general information service and without regard to your particular circumstances, we shall not be liable for any damages arising out of any inaccuracy in the information.
This web site and related documents should not be the basis of an investment decision: An Investment decision should be based on your customary and thorough due diligence procedures, which should include, but not be limited to, a thorough review of all relevant term sheets and other offering documents as well as consolation with legal, tax and regulatory experts. Any person subscribing for an investment must be able to bear the risks involved and must meet the particular fund's or account's (each a "Fund" and, collectively, "Funds") suitability requirements. Some or all alternative investment programs may not be suitable for certain investors. No assurance can be given that any Fund or investment will meet its investment objectives or avoid losses. A discussion of some, but not all, of the risks associated with investing in any Funds can be found in the Funds' private placement memoranda, subscription agreement, limited partnership agreement, articles of association or other offering documents as applicable (collectively the "Offering Documents") among those risks, which we wish to call to your attention, are the following.
Future looking statements, Performance Date and strategy level performance reporting: The information in this web site and reports is NOT intended to contain or express exposure recommendations, guidelines or limits applicable to any Fund or investment. The information in this web site does not disclose or contemplate the hedging or exit strategies of the any Fund. While investors should understand and consider risks associated with position concentrations when making an investment decision, this website and report is not intended to aid an investor in evaluating any such risk. The terms set forth in any Offering Documents are controlling in all respects should they conflict with any other term set forth in other marketing materials, and therefore, Offering Documents must be reviewed carefully before making any investment and periodically while any investment is maintained. Statements made in this website and release may include forward-looking statements. These statements, including those relating to future financial expectations, involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Unless otherwise indicated, Performance Data is presented "net" of any Management Fees and other Expenses (i.e. legal and accounting and other expenses as disclosed in any relevant Private Offering Memorandum) and "gross" of Performance Fees, which, when deducted, would lower any reported rate of return. Due to the format of data available for the time periods indicated, both gross and net returns are difficult to calculate precisely. Accordingly, calculations have been made based on a number of assumptions. Because of these limitations, any performance information should not be relied upon as a precise reporting of gross or net performance, but rather merely a general indication of past performance. The performance information presented herein may have been generated during a period of extraordinary market volatility or relative stability in the particular sector. Accordingly, performance is not necessarily indicative of results that the any Fund or account may achieve in the future. In addition, the performance results may be based or shown on an annual basis, but results for individual months or quarters within each year may have been more favorable or less favorable than the results for the entire period, as the case may be. If index information is included, it is merely to show the general trend in the markets in the periods indicated and is not intended to imply that the portfolio was similar to the indices in either composition or element of risk. This website may indicate that it contains hypothetical or actual performance of specific strategies employed, such strategies may comprise only a portion of any specific Fund's or Accounts portfolio, and, therefore, the reported strategy level performance may not correspond to the performance of any Fund for the reported time period..
Investment Risks: The Funds or Accounts are speculative and involve varying degrees of risk, including substantial degrees of risk in some cases. The Funds or Accounts may be leveraged and may engage in other speculative investment practices that may increase the risk of investment loss. Past results of the investment manager is not necessarily indicative of future performance of the and the performance may be volatile. The use of a single advisor could mean lack of diversification and, consequently, higher risk. There may have varying liquidity provisions and limitations. There is no secondary market for investors' interests in any of the Funds and none is expected to develop.
Not Legal, Accounting or Regulatory Advice: This web site and material is not intended to represent the rendering of accounting, tax, legal or regulatory advice. A change in the facts or circumstances of any transaction could materially affect the accounting, tax, legal or regulatory treatment for that transaction. The ultimate responsibility for the decision on the appropriate application of accounting, tax, legal and regulatory treatment rests with the client and his or her accountants, tax and regulatory counsel. Potential Investors should consult, and must rely on their own professional tax, legal and investment advisors as to matters concerning any Fund and their investments in any Fund. Prospective Investors should inform themselves as to: (1) the legal requirements within their own jurisdictions for the purchase, holding or disposal of Shares; (2) and applicable foreign exchange restrictions; and (3) any income and other taxes which may apply to their purchase, holding and disposal of Shares or payments in respect of the Shares of the Fund.