Risk Factors

Fund strategies are available only to qualified investors as defined by Rule 506(b)(2)(ii) of the Securities Act. who have reviewed detailed information concerning investment terms and risks provided, in writing, by the Fund. These risks may include the following:

· Performance can be volatile, and an investor could lose all of his or her investment.
· The strategy may use leverage.
· The investor does not retain any trading authority over assets placed with the Fund.
· The Fund’s investment strategies are not intended to provide an investor with a complete investment program that is diversified or otherwise tailored to suit any investor's overall investment needs.
· An investor's account may not be liquid or transferable.
· Fees and expenses may offset Fund profits.
· Fund mangers and directors may be subject to certain conflicts of interest.