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This site contains information about privately offered investment vehicles
commonly called hedge funds ("Hedge Funds," which include fund
of funds). Hedge Funds are unregistered private investment funds or pools
that may invest and trade in many different markets, strategies and instruments
(including securities, non-securities and derivatives) and are NOT subject
to the same regulatory requirements as mutual funds, including mutual
fund requirements to provide certain periodic and standardized pricing
and valuation information to investors. There are substantial risks in
investing in Hedge Funds. By accessing this site and clicking below, you
acknowledge and agree to the following:
- Hedge Funds represent speculative investments and involve a high degree
of risk. An investor could lose all or a substantial portion of his/her
investment. Investors must have the financial ability, sophistication/experience
and willingness to bear the risks of an investment in a Hedge Fund.
- An investment in a Hedge Fund should be discretionary capital set
aside strictly for speculative purposes.
- An investment in a Hedge Fund is not suitable or desirable for all
investors. Only qualified eligible investors may invest in Hedge Funds.
- Hedge Fund offering documents are not reviewed or approved by federal
or state regulators.
- Hedge Funds may be leveraged (including highly leveraged) and a Hedge
Fund's performance may be volatile.
- The velocity and magnitude of potential loss may increase when hedge
fund managers use leveraging and short selling techniques.
- An investment in a Hedge Fund may be illiquid and there may be significant
restrictions on transferring interests in a Hedge Fund. There is no
secondary market for an investor's investment in a Hedge Fund and none
is expected to develop.
- A Hedge Fund may have little or no operating history or performance
and may use hypothetical or pro forma performance which may not reflect
actual trading done by the manager or advisor and should be reviewed
carefully. Investors should not place undue reliance on hypothetical
or pro forma performance.
- A Hedge Fund's manager or advisor has total trading authority over
the Hedge Fund.
- A Hedge Fund may use a single advisor or employ a single strategy,
which could mean a lack of diversification and higher risk.
- A Hedge Fund (for example, a fund of funds) and its managers or advisors
may rely on the trading expertise and experience of third-party managers
or advisors, the identity of which may not be disclosed to investors.
- A Hedge Fund may involve a complex tax structure, which should be
reviewed carefully.
- A Hedge Fund may involve structures or strategies that may cause delays
in important tax information being sent to investors.
- A Hedge Fund may provide no transparency regarding its underlying
investments to investors.
- A Hedge Fund may execute a substantial portion of trades on foreign
exchanges, which could mean higher risk.
- A Hedge Fund's fees and expenses-which may be substantial regardless
of any positive return- will offset, in whole or in part, the Hedge
Fund's trading profits, if any.
- Hedge Funds are not required to provide periodic pricing or valuation
information to investors.
- Hedge Funds and their managers/advisors may be subject to various
conflicts of interest.
This summary of certain risks is not a complete list of the risks and
other important disclosures involved in investing in a Hedge Fund and
is subject to the more complete disclosures contained in a specific Hedge
Fund's respective offering documents. Investors should review a Hedge
Fund's Offering Memorandum and related materials with its legal, accounting,
tax and financial advisors before making an investment decision. Investors
assume all responsibility for any investment decision made by them. A
Hedge Fund's past performance is no guarantee of its future performance.
I AGREE
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