This website is not intended for the general public, nor is it directed to any person in any jurisdiction where the publication or availability of this website is prohibited. Persons in respect of whom such prohibitions apply must not access this website and the information therein. Information is directed, and access is restricted, to qualified investors, and no permission is given to directly or indirectly grant access, or distribute this information, to any other person.

This information is directed only at: (i) certain persons having professional experience relating to investments; and (ii) certain high net worth organisations, each as set out under the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005.

Nothing within this website constitutes or forms part of any offer to issue or sell, or any solicitation of an offer to subscribe or purchase any investment; nor shall it or the fact of its availability form the basis of, or be relied on in connection with, any contract therefore. No information is intended to provide a basis on which to make a specific investment decision or to constitute a specific or personal recommendation.

The statements herein are qualified in their entirety by any applicable prospectus or offering memorandum which, together with applicable organisational and subscription documents, should be read carefully before any investment is considered or made. An investment is suitable only from sophisticated investors and represents a speculative and illiquid investment entailing a relatively high degree of risk.

In many countries, investment funds are subject to restrictions in relation to publication and access via the internet, marketing, offering and/or selling. Reference is made to the respective prospectus or offering memorandum for a fund for detailed information; however, it is the obligation of each person to inform themselves about, and to obey, any such restrictions applicable to themselves and the jurisdiction in question. Persons subject to such restrictions should not access the website.

Investing in financial markets and securities involves risk. The price and value of investments may fluctuate. Past performance is not a guide to future performance and future returns are not guaranteed.

All content on this site is issued by Redhedge Asset Management LLP and is for private circulation only. Distribution of this information to any person other than the person to whom this information was originally delivered, and to such person’s advisors, is unauthorised and any reproduction of these materials, in whole or in part, or the divulgence of any of their contents, without the prior consent of Redhedge Asset Management LLP in each such instance is prohibited.

All content is communicated by Redhedge Asset Management LLP only to persons to whom it may lawfully be issued under The Financial Services and Markets Act 2000 (Financial Promotion) Order 2001 including persons who are authorised under the Financial Services and Markets Act 2000 of the United Kingdom (the “Act”), certain persons having professional experience in matters relating to investments, high net worth companies, high net worth unincorporated associations and partnerships, trustees of high value trusts and persons who qualify as certified sophisticated investors. This document is exempt from the prohibition in Section 21 of the Act on the communication by persons not authorised under the Act of invitations or inducements to engage in investment activity on the ground that it is being issued only to such types of person.

For Swiss Qualified Investors:

Definition of Qualified Investor as per Art. IO CISA (Collective Investment Scheme Act):

Paragraph 3

Regulated financial intermediari.es such as banks, securities traders, fund management companies and asset managers of collective investment schemes, as well as centra! banks; regulated insurance institutions; public entities and retirement benefits institutions with professional treasury operations; companies with professional treasury operations.

Paragraph 3bis

High net worth individuals may declare in writing that they wish to be deemed qualified investors. In addition, the Federal Council may make such persons’ suitability as qualified investors dependent on certain conditions, specifically technical qualifications.

Paragraph 3ter

Investors who have concluded a written discretionary management agreement as defined in Article 3 Paragraph 2b and e are deemed qualified investors.