Hedge funds and funds of hedge funds involve a high degree of risk and may not be suitable for all investors. It is possible that an investor may lose some or all of its investment.

Before making an investment decision, an investor and/or its adviser should (i) consider the suitability of this investment with respect to its investment objectives and personal situation and (ii) consider factors such as its personal net worth, income, age, risk tolerance, and liquidity needs.

Short-term investors and investors who cannot bear the loss of some or all of their investment or the risks associated with the limited liquidity of an investment in hedge funds and fund of hedge funds should not invest.