To enter this password-protected portion of the Website, you must review and acknowledge the disclosures set forth below and confirm your understanding by clicking the button below.
This Website is not directed to any person in any jurisdiction where, by reason of that person’s nationality, residence or otherwise, the publication or availability of this Website is prohibited. It is your responsibility to be aware of and to observe all applicable laws and regulations of your jurisdiction. By accessing this Website, you are representing and warranting that the applicable laws and regulations of your jurisdiction allow you to access the Website.
This Website includes opinions, goals and estimates of R. G. Niederhoffer Capital Management, Inc. (“RGNCM”), which acts as investment manager or trading advisor to several hedge funds (“Funds”) and managed accounts. Opinions, goals and estimates are for relative comparison purposes only and do not represent actual trading results. RGNCM does not guarantee that opinions, goals or estimates are accurate or will be successful.
THIS WEBSITE AND ITS CONTENT ARE FOR GENERAL INFORMATIONAL PURPOSES ONLY, INCLUDE DATA BASED UPON INTERNAL ESTIMATES, AND DO NOT REPRESENT AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO SELL SECURITIES. SUCH AN OFFER OR SOLICITATION CAN ONLY BE MADE PURSUANT TO THE APPLICABLE OFFERING DOCUMENT OF A FUND, WHICH CONTAINS ADDITIONAL INFORMATION ABOUT RGNCM AND INFORMATION ABOUT THE RISKS OF INVESTING IN THE APPLICABLE FUND. THE INFORMATION ON THIS WEBSITE IS QUALIFIED IN ITS ENTIRETY BY THE OFFERING DOCUMENTS FOR THE FUNDS.
An offer or solicitation to sell securities can only be made in jurisdictions in which such an offer would be lawful and only to investors who meet the investor suitability and sophistication requirements of each such Fund as determined from time to time by RGNCM in its sole and absolute discretion. Such requirements may include, among other things, qualifying as: an “accredited investor” within the meaning of the U.S. Securities Act of 1933, as amended; a “qualified client” within the meaning of the U.S. Investment Advisers Act of 1940, as amended; a “qualified eligible person” within the meaning of the U.S. Commodity Exchange Act, as amended; and/or a “qualified purchaser” within the meaning of the rules promulgated under the U.S. Investment Company Act of 1940, as amended. Access to information about the Funds or advisory services offered by RGNCM is similarly limited to investors who meet the applicable investor suitability, experience and sophistication requirements. Participation in the Funds is speculative in nature, involves a high degree of risk and is intended only for experienced and sophisticated investors.
This Website is also not intended to provide any investment, financial, legal, regulatory, accounting, tax or similar advice, and nothing on this Website should be construed as a recommendation, by RGNCM or any third party, to acquire or dispose of any investment or security, or to engage in any investment strategy or transaction. You should consult your own investment, legal, tax and/or similar professionals regarding your specific situation and any specific decisions.
Because all performance, correlation and volatility numbers represent performance, correlation and volatility on a composite basis, such numbers do not represent performance, correlation or volatility for any particular investor in any Fund. Therefore, it is possible in any particular period that certain investors may have achieved better or worse results as a result of the timing of their investments and the payment or non-payment of fees.
Comparisons to indices are for demonstrative purposes only. No representation is made that performance, correlation or volatility will track or otherwise reflect any particular index. Performance results for indices include the reinvestment of dividends received.
PURSUANT TO AN EXEMPTION FROM THE CFTC IN CONNECTION WITH ACCOUNTS OF QUALIFIED ELIGIBLE PERSONS AND IN CONNECTION WITH POOLS WHOSE PARTICIPANTS ARE LIMITED TO QUALIFIED ELIGIBLE PERSONS, THE CONTENT OF THIS WEBSITE AND ANY BROCHURES, ACCOUNT DOCUMENTS OR OFFERING MEMORANDA FOR THE TRADING PROGRAMS ARE NOT REQUIRED TO BE, AND HAVE NOT BEEN, FILED WITH THE CFTC. THE CFTC DOES NOT PASS UPON THE MERITS OF PARTICIPATING IN A TRADING PROGRAM OR UPON THE ADEQUACY OR ACCURACY OF A COMMODITY TRADING ADVISOR DISCLOSURE. CONSEQUENTLY, THE CFTC HAS NOT REVIEWED OR APPROVED THE CONTENT OF THIS WEBSITE, NOR ANY TRADING PROGRAM, BROCHURE OR FUND DOCUMENT.
THIS WEBSITE AND ITS CONTENT MAY CONTAIN HYPOTHETICAL COMPOSITE PERFORMANCE RECORD AND THE ACTUAL RECORD SUBSEQUENTLY ACHIEVED. ONE OF THE LIMITATIONS OF A HYPOTHETICAL COMPOSITE PERFORMANCE RECORD IS THAT DECISIONS RELATING TO THE SELECTION OF TRADING ADVISORS AND THE ALLOCATION OF ASSETS AMONG THOSE TRADING ADVISORS WERE MADE WITH THE BENEFIT OF HINDSIGHT BASED UPON THE HISTORICAL RATES OF RETURN OF THE SELECTED TRADING ADVISORS. THEREFORE, COMPOSITE PERFORMANCE RECORDS INVARIABLY SHOW POSITIVE RATES OF RETURN. ANOTHER INHERENT LIMITATION ON THESE RESULTS IS THAT THE ALLOCATION DECISIONS REFLECTED IN THE PERFORMANCE RECORD WERE NOT MADE UNDER ACTUAL MARKET CONDITIONS AND, THEREFORE, CANNOT COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FURTHERMORE, THE COMPOSITE PERFORMANCE RECORD MAY BE DISTORTED BECAUSE THE ALLOCATION OF ASSETS CHANGES FROM TIME TO TIME AND THESE ADJUSTMENTS ARE NOT REFLECTED IN THE COMPOSITE. PROSPECTIVE CLIENTS SHOULD BE PARTICULARLY WARY OF PLACING UNDUE RELIANCE ON THESE RESULTS.
An investment in the Funds is speculative and involves significant risks including, without limitation, those set forth herein. The Funds’ investments are highly leveraged and performance may be volatile. The Funds engage in futures and options trading, both of which involve substantial risk of loss. RGNCM has complete discretion over the investments of the Funds. The fees and expenses of the Funds are high and may offset trading profits. A substantial portion of trades may take place on non-U.S. exchanges and markets which may be subject to less regulatory oversight than trades on U.S. exchanges and markets. Such risks are more fully set forth in the applicable offering document for each Fund.
I HAVE REVIEWED THESE DISCLOSURES AND CONFIRM MY UNDERSTANDING