CFTC Disclaimer

Pursuant to an exemption from the Commodity Futures Trading Commission (“CFTC”) in connection with pools whose participants are limited to qualified eligible participants, an offering memorandum for this pool is not required to be, and has not been, filed with the CFTC. The CFTC does not pass upon the merits of participating in a pool or upon the adequacy or accuracy of an offering memorandum. Consequently, the CFTC has not reviewed or approved this offering or any offering memorandum for this pool.

POTENTIAL INVESTORS SHOULD REALISE THAT AN INVESTMENT IN SHARES OF THE FUND INVOLVES A HIGH DEGREE OF RISK AND THAT AN INVESTMENT IS ONLY SUITABLE FOR SOPHISTICATED INVESTORS WHO UNDERSTAND THE RISKS INVOLVED IN THE FUND’S INVESTMENT STRATEGY AND WHO HAVE THE ABILITY AND WILLINGNESS TO ACCEPT THE RISK OF LOSS OF CAPITAL RESULTING FROM INVESTING.