Disclaimer and Other Important Information: Not an offer and confidential: This site and the information in it is provided for your internal use only. The information contained herein is proprietary and confidential to Athena Fine Arts, Inc. (“Arthena”, “we,” or “us”) and may not be disclosed to third parties or duplicated or used for any purpose other than the purpose for which it has been provided. Although the information provided herein has been obtained from sources which Arthena believes to be reliable, we do not guarantee its accuracy, and such information may be incomplete or condensed. The information is subject to change without notice. This communication is for information purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security or of any fund or account (a “Fund”) Arthena manages or offers. Since we furnish all information as part of a general information service and without regard to your particular circumstances, Arthena shall not be liable for any damages arising out of any inaccuracy in the information. This site and the information contained in it should not be the basis of an investment decision. An Investment decision should be based on your customary and thorough due diligence procedures, which should include, but not be limited to, a thorough review of all relevant term sheets and other offering documents as well as consolation with legal, tax and regulatory experts. Any person subscribing for an investment must be able to bear the risks involved and must meet the particular Fund’s suitability requirements. Some or all alternative investment programs may not be suitable for certain investors. No assurance can be given that any Fund will meet its investment objectives or avoid losses. A discussion of some, but not all, of the risks associated with investing in the Fund can be found in the Fund’s private placement memoranda, subscription agreement, limited partnership agreement, articles of association or other offering documents as applicable (collectively the “Offering Documents”), among those risks, which we wish to call to your attention, are the following: Future looking statements, Performance Data and strategy level performance reporting: The information in this site is NOT intended to contain or express exposure recommendations, guidelines or limits applicable to a Fund. The information in this report does not disclose or contemplate the hedging or exit strategies of the Fund. While investors should understand and consider risks associated with position concentrations when making an investment decision, this report is not intended to aid an investor in evaluating such risk. The terms set forth in the Offering Documents are controlling in all respects should they conflict with any other term set forth in other marketing materials, and therefore, the Offering Documents must be reviewed carefully before making an investment and periodically while an investment is maintained. Statements made in this release include forward-looking statements. These statements, including those relating to future financial expectations, involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Unless otherwise indicated, Performance Data is presented unaudited and “net” of management fees and other fund expenses (i.e. legal and accounting and other expenses as disclosed in the relevant Fund’s Offering Documents”) and net of performance allocations. Due to the format of data available for the time periods indicated, both gross and net returns are difficult to calculate precisely. Accordingly, the calculations have been made based on in some cases limited available data and a number of assumptions. Because of these limitations, the performance information should not be relied upon as a precise reporting of gross or net performance, but rather merely a general indication of past performance. The performance information presented herein may have been generated during a period of extraordinary market volatility or relative stability in a particular sector. Accordingly, the performance is not necessarily indicative of results that the Fund may achieve in the future. In addition, the foregoing results may be based or shown on an annual basis, but results for individual months or quarters within each year may have been more favorable or less favorable than the results for the entire period, as the case may be. If index information is included, it is merely to show the general trend in the markets in the periods indicated and is not intended to imply that the portfolio was similar to the indices in either composition or element of risk. This report may indicate that it contains hypothetical or actual performance of specific strategies employed by Arthena, such strategies may comprise only a portion of any specific Fund’s portfolio, and, therefore, the reported strategy level performance may not correspond to the performance of any Fund for the reported time period. Investment Risks: Investing in the Fund is speculative and involves varying degrees of risk, including substantial degrees of risk in some cases. The Fund may be leveraged and may engage in other speculative investment practices that may increase the risk of investment loss. Past results of the Fund investment manager is not necessarily indicative of future performance of the Fund, and the Fund’s performance may be volatile. The use of a single advisor could mean lack of diversification and, consequently, higher risk. The Fund may have varying liquidity provisions and limitations. There is no secondary market for investors’ interests in the Fund and none is expected to develop. Not Legal, Accounting or Regulatory Advice: This material is not intended to represent the rendering of accounting, tax, legal or regulatory advice. A change in the facts or circumstances of any transaction could materially affect the accounting, tax, legal or regulatory treatment for that transaction. The ultimate responsibility for the decision on the appropriate application of accounting, tax, legal and regulatory treatment rests with the investor and his or her accountants, tax and regulatory counsel. Potential investors should consult, and must rely on their own professional tax, legal and investment advisors as to matters concerning the Fund and their investments in the Fund. Prospective investors should inform themselves as to: (1) the legal requirements within their own jurisdictions for the purchase, holding or disposal of investments; (2) and applicable foreign exchange restrictions; and (3) any income and other taxes which may apply to their purchase, holding and disposal of investments or payments in respect of the investments of the Fund. Signup For Our Newsletter Register ContactPrivacyDisclaimer These documents are provided for your internal use only. The information contained therein is proprietary and confidential to Arthena and may not be disclosed to third parties or duplicated or used for any purpose other than the purpose for which it has been provided. These cash flow projections are expressed in good faith and while every care has been taken in preparing these documents, Arthena makes no representations and gives no warranties of whatever nature in respect of these documents, including but not limited to the accuracy or completeness of any information, results, facts, or opinions contained therein. The information is estimated, unaudited and for illustrative purposes only and is subject to change without notice, and Arthena shall not be liable for any damages arising from any information, results or forecasts found in these documents. Although some of the information provided herein has been obtained from third party sources which Arthena believes to be reliable, Arthena does not guarantee its accuracy, and such information may be incomplete or condensed. These documents are not intended as an offer or solicitation with respect to the purchase or sale of any security or of any fund or account Arthena manages or offers. An investment decision should be based on the recipient's customary and thorough due diligence procedures, including a thorough review of all offering documents, which may include but are not limited to, a private placement memoranda, subscription agreement, limited partnership agreement or other offering documents as applicable (collectively the “Offering Documents”), as well as consolation with legal, tax and regulatory experts. An investment is subject to risks and uncertainties, including the risk of loss of principal as described in the Offering Documents. Nothing herein shall constitute indications of any exposure recommendations, concentration limits or guidelines. The terms set forth in the Offering Documents are controlling in all respects should they conflict with any other term set forth in these documents. Statements made in these documents include forward-looking statements. These statements, including those relating to future financial expectations, involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Performance data is presented as gross numbers less fees paid to Auction Houses, and do not include all other applicable fees and expenses that would be paid by investors, as those fees and expenses have not been determined at this time. Furthermore, calculations have been made based on in some cases limited available data and a number of assumptions. Because of these limitations, the performance information should not be relied upon as a precise reporting of gross performance, but rather merely a general indication of past performance. As these documents contain hypothetical and back-tested data, the reported strategy level performance does not correspond to the performance of any fund for the reported time period. Past results of Arthena are not necessarily indicative of future performance.