The Fund is a highly speculative investment and is not intended as a complete investment program. It is designed only for sophisticated investors who are able to bear the economic risk of the loss of their investment in the Fund and who have limited need for liquidity. The investment risks set out below do not purport to be exhaustive and potential investors should review the Memorandum carefully and in its entirety and consult with their professional advisor before deciding whether or not to invest in the Fund. In making an investment decision investors must rely on their own examination of the Fund and its performance.
- Investment Risks
- Overall investment risk
- Investment value
- Achievement of fund objectives
- Trading risks
- International considerations
- Short selling
- Trading in derivatives
- Fund Manager Risks
- Investment Strategy
- Reliance on manager
- Past performance
- Potential conflicts of interest
- Fund Structure Risk
- Restriction on transfer
- Limitation on redemptions
- Lack of liquidity
- Dividends and distributions
- Effects of substantial redemptions
- Lack of regular cash flow
- No segregation between classes
- Absence of certain statutory regulation
- Fund of Funds Risk
- Business operations of underlying fund
- Valuation of underlying fund
- Lack of track record of underlying fund
- Foreign currency exposure
- Reliance on key personnel
- Limitations of hedging techniques
- Derivatives
- Small cap stocks/special events
- Emerging Markets Risk
- Trading in emerging markets
- Sovereign debt & sovereign loans
- Social, political and economic factors
- Supervision of emerging markets
- Legal risks