Access to these webpages, including posted documents, ("Materials") is subject to the following disclaimer. These Materials are issued by Picton Media GmbH (“Picton”), Wiesbaden (Germany). All persons using the alternative-assets.net website ("Site") expressly agree to the following disclaimer as a pre-condition to using this Site for any purpose whatsoever. The materials on the Site including, without limitation, news articles, informational materials and all other manager-specific information, has been prepared for informational purposes only.

No information published on these webpages constitutes a solicitation or offer, or recommendation, to buy or sell any investment instruments, to effect any transactions, or to conclude any legal act of any kind whatsoever. 

The Materials available herein have no regard to the particular needs of any specific recipient and are based on information obtained from sources believed to be reliable but are not guaranteed as being accurate, nor are they a complete statement of the securities, markets or developments referred to herein. Any opinions are subject to change without notice and Picton Media GmbH is not under any obligation to update or keep current the information contained herein. 

The information provided by the Site has been obtained from a variety of unaffiliated investment managers and other third parties. Picton has not verified such information, and does not represent the information to be accurate or truthful. All information contained herein is provided "as is" and Picton expressly disclaims making any express or implied warranties with respect to the fitness of the information contained herein for any particular usage, its merchantability or its application or purpose. Prior to making any investment or hiring any investment manager you should consult with a professional financial advisor, legal and tax advisor to assist in due diligence as may be appropriate and determining the appropriateness of the risk associated with a particular investment. In no event shall Picton be responsible or liable for the correctness of any such material or for any damage or lost opportunities resulting from use of this data. 

Picton Media GmbH accepts no liability whatsoever for any loss or damage of any kind arising out of the use of all or part of these Materials. Certain laws and regulations impose liabilities which cannot be disclaimed. This disclaimer shall in no way constitute a waiver or limitation of any rights a person may have under such laws and/or regulations.

Picton Media GmbH and/or its directors, officers and employees may have or have had interests or long or short positions in, and may at any time make purchases and/or sales as principal or agent. Furthermore, Picton Media GmbH may have or have had a relationship with or may provide or have provided corporate finance, capital markets and/or other services to the relevant companies. Employees of Picton Media GmbH may serve or have served as officers or directors of the relevant companies.

By accessing the password-protected area of this site, you agree not to invest in any posted alternative investment product (other than hedge/private equity funds or alternative investment vehicles in which you or your affiliates are already invested, have already been solicited for or are already actively considering an investment in) for thirty (30) days after the approval of your application. 

Picton reserves the right to terminate, at any time, any registered user's account with alternative-assets.net (as well as access to the latter's web site), without giving notice or a reason for such termination to the user. 

Additionally, by accessing the password-protected area of the US Hedge Fund database, you agree to immediately contact Picton if there is any change in your status as an "Accredited Investor" under Regulation D promulgated under Securities Act of 1933. For individuals such changes may include, for example, a registered user's net worth declining below $1,000,000, an expectation that income for the next twelve months may total less than $200,000, or an expectation that the registered user's combined income with his or her spouse may total less than $300,000 in the next twelve months All registered users, including individuals and entities, should communicate with their legal advisors if they believe that their status as an accredited investor has changed. If a registered user's status as an accredited investor has changed, such registered user agrees to immediately notify Picton of such change. 

Users of the alternative-assets.net website may view download and print information and materials on this Site for its personal and internal business use provided that all hard copies contain all copyright and other applicable notices. All users may not reproduce, modify, copy, alter in any way, distribute, sell, resell, transmit, transfer, license, assign or publish any information obtained from this Site. Registered User shall not use this Site at any time for any purpose that is unlawful or prohibited and shall comply with any applicable local, state, national or international laws or regulations when using this Site. 

Picton, and the logos and marks included on the Site that identifying Picton´ services and products are proprietary materials. The use of such terms and logos and marks without the express written consent of Picton is strictly prohibited. Copyright in the pages and in the screens of the Site, and in the information and material therein, is proprietary material owned by Picton Media GmbH unless otherwise indicated. The unauthorized use of any material on the Site may violate numerous statutes, regulations and laws, including, but not limited to, copyright, trademark, trade secret or patent laws. 

Certain funds subscribe to the services on the alternative-assets.net website. Picton may receive fees from funds that subscribe to the Picton platform or through the provided listing or rating services. Picton does not receive sales commissions and/or maintenance fees linked to the sale of funds or products.

These Materials and any products described herein are only targeted to residents of Switzerland, Italy, Sweden, Spain, Portugal and additionally to Accredited/Qualified US investors. Residents of Switzerland, Italy, Sweden, Spain, Portugal and qualified US investors wishing to effect transactions should contact the investment manager directly, not Picton Media GmbH. These materials and any products described herein are not being offered or targeted to UK residents or to other (non-qualified) US persons ("US and UK Users"). Access by US and UK Users to information available on these webpages is forbidden.

Additional Risk Informations: The listed and rated products can be funds, special purpose vehicles (SPVs), securities (i.e. certificates, non-voting equity shares, “Schuldscheindarlehen”, notes etc), structured products or derivatives (options & futures). These products are not suitable for all investors, and trading and/or investing in these products is considered risky. Past performance is not necessarily indicative of future results. Foreign currency rates of exchange may adversely affect the value, price or income of any products mentioned in the Materials.

If any provision in this Disclaimer Agreement is held to be invalid or unenforceable, then the remaining provisions shall continue in full force and effect.