This summary does not constitute an offer to sell or buy any securities and may not be used or relied upon in connection with any offer or sale of securities or for any other purpose. An offer or solicitation will be made only through a fund's final Confidential Private Offering Memorandum, partnership agreement and subscription agreement, and will be subject to the terms and conditions contained in such documents. The term hedge fund is applied to investment vehicles with a wide range of strategies and objectives. However, most hedge funds aim to generate positive returns independent of the market environment. Hedge fund advisors have more flexibility than traditional advisors to make investment decisions due to limited regulatory and investment restrictions.
Most hedge funds are also able to use non-traditional strategies such as futures and currencies.
As a result, skilled hedge fund advisors have the potential to enhance investment returns while protecting capital in weak market conditions. In exchange for contributing their stock to the fund, each investor owns a pro-rata share of the fund. They will receive a non-taxable, distribution of a diversified pool of stock from the fund s portfolio. The value of this distribution is equal to the net asset value of their pro-rata interest in the fund at the time of the distribution. This summary does not constitute an offer to sell or buy any securities and may not be used or relied upon in connection with any offer or sale of securities or for any other purpose.