Legal Disclaimer

This website is not intended, and should not be understood, as an offer to buy or sell, nor is it a solicitation of an offer to buy or sell units in a fund, and it is the responsibility of individuals to make their own assessment of an investment in a fund and of the risks associated with such an investment. In making such assessment, each person should rely only on the information contained in the fund’s simplified prospectus and information memorandum. These are available for download at this website. There is no guarantee that an investment in Target Asset Management will generate a positive return, even if financial markets perform favourably. Past performance is no guarantee of future return. The value of the capital invested in a fund may increase or decrease and investors cannot be certain of recovering all or parts of their invested capital. An investment in Target Asset Management should be regarded as long-term in nature. Distribution of information in respect of the investment vehicles described on this website in certain jurisdictions may be restricted by law. Users of this website are required to inform themselves about and observe such restrictions. Target Asset Management has no responsibility whatsoever to verify that any use of this website, a request or a receipt of any information or any investment has been made in accordance with the applicable laws and regulations. Investment vehicles described on this website have not been registered and are not anticipated to be registered in accordance with any securities legislation in the United States, Canada, Japan, Australia, New Zealand, Switzerland or elsewhere and may not be offered or sold to persons in these countries except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of such applicable law. No offering of shares of the Cayman Islands domiciled investment vehicles is or will be made to persons whose participation in the relevant fund requires that further offering memoranda are issued or that registration or other measures are taken in addition to those required under Bermuda law.

PURSUANT TO AN EXEMPTION FROM THE U.S. COMMODITY FUTURES TRADING COMMISSION IN CONNECTION WITH ACCOUNTS OF QUALIFIED ELIGIBLE PERSONS AND IN CONNECTION WITH POOLS WHOSE PARTICIPANTS ARE LIMITED TO QUALIFIED ELIGIBLE PERSONS, BROCHURES, ACCOUNT DOCUMENTS OR OFFERING MEMORANDUMS FOR THE ACCOUNTS AND THE POOLS ARE NOT REQUIRED TO BE, AND HAVE NOT BEEN, FILED WITH THE U.S. COMMODITY FUTURES TRADING COMMISSION. THE U.S. COMMODITY FUTURES TRADING COMMISSION HAS NOT PASSED UPON THE MERITS OF PARTICIPATING IN A TRADING PROGRAM OR UPON THE ADEQUACY OR ACCURACY OF COMMODITY TRADING ADVISOR DISCLOSURE. NOR HAS THE COMMODITY FUTURES TRADING COMMISSION PASSED UPON THE MERITS OF PARTICIPATING IN A POOL OR UPON THE ADEQUACY OR ACCURACY OF AN OFFERING MEMORANDUM. CONSEQUENTLY, THE U.S. COMMODITY FUTURES TRADING COMMISSION HAS NOT REVIEWED OR APPROVED THE TRADING PROGRAM, BROCHURES, ACCOUNT DOCUMENTS, OFFERING OR ANY OFFERING MEMORANDUM FOR THE ACCOUNTS AND THE POOLS.