DISCLOSURE STATEMENT
YOU SHOULD CAREFULLY CONSIDER WHETHER YOUR FINANCIAL CONDITION PERMITS YOU TO PARTICIPATE IN A COMMODITY POOL. IN SO DOING, YOU SHOULD BE AWARE THAT FUTURES AND OPTIONS TRADING CAN QUICKLY LEAD TO LARGE LOSSES AS WELL AS GAINS. SUCH TRADING LOSSES CAN SHARPLY REDUCE THE NET ASSET VALUE OF A COMMODITY POOL AND CONSEQUENTLY THE VALUE OF YOUR INTEREST IN SUCH POOL. IN ADDITION, RESTRICTIONS ON REDEMPTIONS MAY AFFECT YOUR ABILITY TO WITHDRAW YOUR PARTICIPATION IN A POOL.
FURTHER, COMMODITY POOLS MAY BE SUBJECT TO SUBSTANTIAL CHARGES FOR MANAGEMENT AND ADVISORY AND BROKERAGE FEES AND EXPENSES. IT MAY BE NECESSARY FOR THOSE POOLS THAT ARE SUBJECT TO THESE CHARGES TO MAKE SUBSTANTIAL TRADING PROFITS TO AVOID DEPLETION OR EXHAUSTION OF THEIR ASSETS. THE DISCLOSURE DOCUMENT FOR EACH COMMODITY POOL MANAGED OR ADVISED BY R. G. NIEDERHOFFER CAPITAL MANAGEMENT, INC. (“RGNCM”) CONTAINS A COMPLETE DESCRIPTION OF THE PRINCIPAL RISK FACTORS AND EACH FEE AND EXPENSE TO BE CHARGED SUCH POOL.
THE REGULATIONS OF THE COMMODITY FUTURES TRADING COMMISSION (“CFTC”) REQUIRE THAT, ABSENT CERTAIN EXEMPTIVE RELIEF, PROSPECTIVE INVESTORS RECEIVE A DISCLOSURE DOCUMENT WHEN THEY ARE SOLICITED TO INVEST FUNDS IN A COMMODITY POOL AND THAT CERTAIN RISK FACTORS BE HIGHLIGHTED. THE DISCLOSURE DOCUMENTS FOR EACH POOL (INCLUDING ANY POOL FOR WHICH EXEMPTIVE RELIEF HAS BEEN CLAIMED BY RGNCM OR ITS AFFILIATES) MANAGED OR ADVISED BY RGNCM IS READILY ACCESSIBLE AT THIS WEB SITE. THIS BRIEF DISCLOSURE STATEMENT CANNOT DISCLOSE ALL OF THE RISKS AND OTHER FACTORS NECESSARY TO EVALUATE YOUR PARTICIPATION IN A COMMODITY POOL. THEREFORE, YOU SHOULD PROCEED DIRECTLY TO THE DISCLOSURE DOCUMENT FOR THE POOL IN WHICH YOU ARE CONSIDERING AN INVESTMENT AND STUDY SUCH DISCLOSURE DOCUMENT CAREFULLY TO DETERMINE WHETHER THE TRADING DESCRIBED THEREIN IS APPROPRIATE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. YOU ARE ENCOURAGED TO ACCESS THE RELEVANT DISCLOSURE DOCUMENT BY CLICKING THE LINK THAT WILL APPEAR ON YOUR SCREEN IF YOU ACKNOWLEDGE YOUR UNDERSTANDING OF THIS DISCLOSURE STATEMENT. YOU WILL NOT INCUR ANY COST BY ACCESSING SUCH DISCLOSURE DOCUMENT(S).
YOU MAY ALSO REQUEST DELIVERY OF A HARDCOPY OF THE RELEVANT DISCLOSURE DOCUMENT(S), WHICH ALSO WILL BE PROVIDED TO YOU AT NO COST.
THE CFTC HAS NOT PASSED UPON THE MERITS OF PARTICIPATING IN ANY POOL MANAGED OR ADVISED BY RGNCM NOR UPON THE ADEQUACY OR ACCURACY OF ANY DISCLOSURE DOCUMENT FOR SUCH POOLS.
© Copyright 2009, R. G. Niederhoffer Capital Management, Inc. All rights reserved. Not a public solicitation.