None of the information contained herein constitutes an offer to sell, or a solicitation of any offer to buy, interests or shares in the Fund within or outside Hong Kong. Gavekal Capital Limited does not take into account your personal investment objectives or financial circumstances and makes no representation and assumes no liability to the accuracy or completeness of the information nor for any loss arising from any investment based on a recommendation, forecast or other information supplied from any employee of Gavekal Capital Limited, third party, or otherwise. All expressions of opinion are subject to change without notice. Any opinions made may be personal to the author and may not reflect the opinions of Gavekal Capital Limited.
Gavekal Capital Limited is licensed and regulated by the Securities & Futures Commission of Hong Kong.
This e-mail and any attachments are confidential to the addressee(s) and may contain information that is legally privileged and/or confidential. If you are not the intended recipient of this e-mail you are hereby notified that any dissemination, distribution, or copying of its content is strictly prohibited. If you have received this message in error, please notify the sender by return e-mail and destroy the message and all copies in your possession. All e-mail sent to or from this address will be subject to retention and review by someone other than the party to whom such mail was addressed. Email transmission security and error-free status cannot be guaranteed as information could be intercepted, corrupted, destroyed, delayed, incomplete, or contain viruses. The sender therefore does not accept liability for any errors or omissions in the contents of this message which may arise as a result of email transmission.
Investment in the Funds carries substantial risk. There can be no assurance that the investment objectives of the Funds will be achieved and investment results may vary substantially over time. An investment in the Fund may not be suitable for all investors but only for certain financially sophisticated investors who meet certain eligibility requirements, have no need for immediate liquidity in their investment, and can bear the risk of an investment in the Fund for an extended period of time. Hence, you should carefully consider your financial situation and consult your professional advisory before making any investment.
The value of all investments and the income derived there from can decrease as well as increase. This may be due, in part, to exchange rate fluctuations in investments that have an exposure to currencies other than the base currency of the Funds. The value of commodity and derivative investments such as options and futures can be extremely volatile. The Funds may invest in securities of distressed companies, illiquid securities and non-publicly traded securities.
Past performance is no guide to or guarantee of future performance. Unless otherwise stated, returns are after trading costs, administration, management and incentive fees ("Net"). Persons considering investing in the Funds should read the risk disclosure in the Prospectus.
Gavekal Capital Limited, whose registered address is : Suite 3101, Central Plaza, 18 Harbour Road, Wanchai, Hong Kong, is licensed by the Securities and Futures Commission of Hong Kong for Type 9 (Asset Management) regulated activity (CE : AIU258)