Disclaimer

 

This document does not constitute an offer to sell or the solicitation of an offer to purchase any security or investment product. Any such offer or solicitation may only be made by means of delivery of an approved confidential private placement memorandum (the "Memorandum"). The Memorandum must be received and reviewed prior to any investment decision. Any person subscribing for an investment must be able to bear the risks involved and must meet the suitability requirements relating to such investments. Some or all alternative investment programs may not be suitable for certain investors.

Investing in financial markets involves a substantial degree of risk. There can be no assurance that the investment objectives described herein will be achieved. Investment losses may occur, and investors could lose some or all of their investment. No guarantee or representation is made that any fund's investment program, including, without limitation, its investment objectives, diversification strategies, or risk monitoring goals, will be successful, and investment results may vary substantially over time. Nothing herein is intended to imply that any investment methodology may be considered "conservative", "safe", "risk free" or "risk averse".

This communication is (i) intended only for the person or entity to which it is addressed and (ii) confidential and may not be copied or retransmitted without permission.

The indicative terms and other information included in this presentation are provided for discussion purposes and are subject to completion or amendment. Certain information included in this presentation is based on information obtained from sources considered to be reliable. However, any projections or analyses provided to assist the recipient of this presentation in evaluating the matters described herein may be based on subjective assessments and assumptions and may use one among alternative methodologies that produce different results. Accordingly, any projections or analyses should not be viewed as factual and should not be relied upon as an accurate prediction of future results.

This presentation does not address the business terms of any particular investment product or structure, the costs of implementing the same or the resulting tax, accounting, financial or regulatory consequences. The recipient should independently evaluate and judge the matters referred to herein.

An investment in a fund will be suitable only for certain sophisticated investors who have no need for immediate liquidity in their investment. Such an investment will provide limited liquidity because interests in the fund will not be freely transferable and may be withdrawn only at certain intervals. There will be no public or secondary market for the interests in the fund, and it is not expected that a public or secondary market will develop. An investment in a fund has not been recommended by any U.S. federal or state securities commission or any other governmental or regulatory authority. Furthermore, the foregoing authorities have not passed upon the accuracy, or determined the adequacy, of this document. Any representation to the contrary is unlawful. Certain information contained in this document constitutes "forward-looking statements" which can be identified by use of forward-looking terminology such as "may," "will," "target," "should," "expect," "attempt," "anticipate," "project," "estimate," "intend," "seek," "continue," or "believe" or the negatives thereof or other variations thereof or comparable terminology. Due to the various risks and uncertainties, actual events or results in the actual performance of the fund may differ materially from those reflected or contemplated in such forward-looking statements. Notwithstanding anything to the contrary contained herein, any prospective investor (and each employee, representative, or other agent of such prospective investor), may disclose to any and all persons, without limitation of any kind, the tax treatment and tax structure of (i) the fund, and (ii) any of its transactions and all materials of any kind (including opinions or other tax analyses) that are provided to the prospective investor relating to such tax treatment and tax structure.

While all information prepared in this presentation is believed to be accurate, the investment manager makes no express warranty as to the completeness or accuracy nor can it accept responsibility for errors appearing in the presentation.  All information contained herein may be modified, terminated or supplanted at any time without further notice.

Returns shown are for the Mark Asset Management Composite and reflect performance for our long-only equity strategy. Returns presented may not be the same as the returns attained by any individual investor due to several reasons that include, but may not be limited to, the timing of investments, whether an investor has participated in new issue income or loss and differences in fee structures. Quarter and year to date performance results are compounded monthly. Past performance is no guarantee of future results. The information contained herein is based on information believed to be reliable, but has not been audited and is not guaranteed to be accurate.

Returns are net of operating expenses and management fees (1%) and are gross of incentive allocation. Returns presented may not be the same as the returns attained by any individual investor due to several reasons that include, but may not be limited to, the timing of investments, whether an investor has participated in new issue income or loss and differences in fee structures. Past performance is no guarantee of future results.

Index and benchmark returns reflect the reinvestment of dividends or income. It should not be assumed that the funds will invest in any specific securities that comprise the indices, nor should it be understood to mean that there is a correlation between the funds' returns and indices. The comparisons to these widely followed benchmarks are provided for information purposes only.

HFRI Equity Hedge (Total) Index is a fund-weighted index of select hedge funds focusing on Equity Hedge strategies. Equity Hedge investing consists of a core holding of long equities hedged at all times with short sales of stocks and / or stock index options.

Mark Equity Opportunities Fund is a newly formed fund that will follow the long-only equity strategy reflected in the Mark Asset Management Composite.