Tiburon Partners LLP ("Tiburon Partners") has issued the information contained within this website solely to investors who are Eligible Counterparties or Professional Clients within the respective meanings of those terms under COBS Chapter 3 of the FSA Handbook.

The legal and regulatory restrictions in relation to the Tiburon Partners website are set out below. By entering the Tiburon Partners website you will be deemed to have accepted the conditions below (the "Conditions") and as such this page constitutes a binding legal agreement.

Please read the Conditions. By accessing any page of this website, you agree to be bound by the Conditions. If you do not agree to the Conditions, please exit the website. This page is designed exclude ineligible categories of investor from entering the website. Tiburon Partners will not be responsible for any misrepresentations you may make in gaining unauthorised access.

The Conditions may be amended without notice to you. By continuing to use the website following any such changes you will be deemed to have accepted such changes.

Limited regulatory protection
Tiburon Partners is a trading name of Tiburon Partners LLP which is regulated and authorised by the Financial Service Authority in the United Kingdom. Most if not all of the protections provided by the United Kingdom regulatory structure will not apply to investments in the funds detailed within this website.

Limitation of liability
You agree by proceeding, so far as this is permitted under the provisions of the UK regulatory system, to the exclusion by us of any liability, including without limitation that arising from any loss of profit or any other damage direct or consequential, in respect of any errors and/or omissions by us and/or any relevant third parties in respect of the content. Any opinions or estimates included herein constitute a judgement as at the date of publication and are subject to change without notice.

Risk factors
Investment in the funds referred to in this website involves significant risks. Such funds are intended for sophisticated investors who can accept the risks associated with such an investment including a substantial or complete loss of their investment.

The value of investments and any income derived from them can go down as well as up and the value of an investor's investment may be subject to sudden and substantial falls. The loss on realisation may be very high and could result in a substantial or complete loss of its investment.

Most if not all of the protections provided by the United Kingdom regulatory structure will not apply to investments. Investors should be fully aware of the restrictions on transfer of investments.

The prices of commodities contracts and all derivatives instruments, including futures and options, are highly volatile. Certain investment positions may be illiquid. The funds referred to in this website may invest in securities of financially troubled companies, illiquid over-the-counter securities and non-publicly traded securities.

Investment in emerging market funds involves risk factors and special considerations which may not be typically associated with investing in more developed markets. Political or economic change and instability may be more likely to occur and have a greater affect on the economies and markets of emerging countries. Adverse government policies, taxation, restrictions on foreign investment and on currency convertibility and repatriation, currency fluctuations and other developments in the laws and regulations of emerging countries in which investment may be made, including expropriation, nationalisation or other confiscation could result in loss to the fund.

The risk factors referred to above are not an exhaustive list and reference should be made to the relevant Prospectus.

No offer or solicitation
This website does not constitute and should not be used for the purpose of an offer or solicitation in any jurisdiction or in any circumstances in which such offer or solicitation is unlawful or not authorised. Persons resident in territories other than the UK should consult their professional financial advisers as to whether they require any governmental or other consents or need to observe any formalities to enable them to invest in any product described in this website.

U.S. Persons
The provision of the information in this website does not constitute an offer to purchase securities to any person in the United States or to any U.S. Person as such term is defined under the Securities Act of 1933, as amended. The information contained in this site about Tiburon Partners and/or any of its affiliates is not directed to any person in the United States.

Advice
No information contained within this website should be construed as investment advice.

Taxation
Taxation will depend on individual financial circumstances and the country of residence.

Ownership and copyright
The copyright in this website and (unless otherwise indicated) its contents including all information, graphics, code, text and design are owned by Tiburon Partners LLP and should not be reproduced or distributed without permission.

You confirm by proceeding: that you are not a private investor or subject to any jurisdictional restrictions permitting access to information on any product described on this website.

To proceed further please select the option that best describes your current status:
If you are unable to agree to the Conditions outlined above or you are a private investor or resident in a jurisdiction (i.e. the United States) where access to this website and information contained therein is not permissible then please click on the EXIT SITE option below.