IMPORTANT NOTICE:

This document has been prepared by Altamar CAM Partners S.L.  (together with its affiliates «AltamarCAM«) for information and illustrative purposes only, as a general market commentary and it is intended for the exclusive use by its recipient. If you have not received this document from AltamarCAM you should not read, use, copy or disclose it.

The information contained herein reflects, as of the date hereof, the views of AltamarCAM, which may change at any time without notice and with no obligation to update or to ensure that any updates are brought to your attention.

This document is based on sources believed to be reliable and has been prepared with utmost care to avoid it being unclear, ambiguous or misleading. However, no representation or warranty is made as of its truthfulness, accuracy or completeness and you should not rely on it as if it were. AltamarCAM does not accept any responsibility for the information contained in this document.

This document may contain projections, expectations, estimates, opinions or subjective judgments that must be interpreted as such and never as a representation or warranty of results, returns or profits, present or future. To the extent that this document contains statements about future performance such statements are forward looking and subject to a number of risks and uncertainties.  

This document is a general market commentary only, and should not be construed as any form of regulated advice, investment offer, solicitation or recommendation. Alternative investments can be highly illiquid, are speculative and may not be suitable for all investors. Investing in alternative investments is only intended for experienced and sophisticated investors who are willing to bear the high economic risks associated with such an investment. Prospective investors of any alternative investment should refer to the specific fund prospectus and regulations which will describe the specific risks and considerations associated with a specific alternative investment. Investors should carefully review and consider potential risks before investing. No person or entity who receives this document should take an investment decision without receiving previous legal, tax and financial advice on a particularized basis.

Neither AltamarCAM nor its group companies, or their respective shareholders, directors, managers, employees or advisors, assume any responsibility for the integrity and accuracy of the information contained herein, nor for the decisions that the addressees of this document may adopt based on this document or the information contained herein.

 This document is strictly confidential and must not be reproduced, or in any other way disclosed, in whole or in part, without the prior written consent of AltamarCAM.