NEITHER CHANNEL CAPITAL GROUP INC. ("CCG"), ITS AFFILIATES, OR CCG'S OR ITS AFFILIATES RESPECTIVE OFFICERS, DIRECTORS, AGENTS, MEMBERS, SHAREHOLDERS AND EMPLOYEES (EACH A "CCG PARTY" AND COLLECTIVELY THE "CCG PARTIES") RECOMMENDS OR SOLICITS ANY INVESTMENT BY USERS OF THIS WEB SITE. THE MATERIAL CONTAINED HEREIN IS BASED UPON INFORMATION PROVIDED BY HEDGE FUND MANAGERS AND OTHER SOURCES. THE CCG PARTIES HAVE NOT INDEPENDENTLY VERIFIED SUCH INFORMATION, DO NOT REPRESENT IT AS ACCURATE, TRUE OR COMPLETE, MAKE NO WARRANTY, EXPRESS OR IMPLIED REGARDING IT AND SHALL NOT BE LIABLE FOR ANY LOSSES, DAMAGES, COSTS OR EXPENSES RELATING TO ITS ADEQUACY, ACCURACY, TRUTH, COMPLETENESS OR USE. REGISTERED USERS SHOULD NOT RELY UPON THIS DATA TO MAKE AN INVESTMENT DECISION, AND SHOULD NOTE THAT PAST PERFORMANCE IS NOT AN INDICATION OF FUTURE PERFORMANCE.

The www.hedgefund.net website solely provides information about private investment funds. In operating the website, CCG conducts its activities and provides services consistent with those of a web hosting agent or listing agent. CCG may delegate select aspects of its website for operation by one or more of its affiliates.

By accessing the password-protected area of this site, you agree not to invest in any posted hedge fund or alternative investment (other than funds or alternative investments in which you or your affiliates are already invested, have already been solicited for or are already actively considering an investment in) for thirty (30) days after the approval of your application. Qualified CCG Parties, may have or may have had a marketing relationship and/or General Partnership interest (or other economic interest) in any fund or alternative investment listed. As a result, there may be actual or perceived conflicts of interest. CCG reserves the right to terminate, at any time, any Registered User's account with Hedgefund.net (as well as access to the latter's website), without giving notice or a reason for such termination to the subscriber.

Additionally, by accessing the password-protected area of this site, you agree to immediately contact CCG if there is any change in your status as an "accredited investor" under Regulation D promulgated under the Securities Act of 1933. For individuals such changes may include, for example, a Registered User's net worth declining below $1,000,000, an expectation that income for the next twelve months may total less than $200,000, or an expectation that the Registered User's combined income with his or her spouse may total less than $300,000 in the next twelve months. All Registered Users, including individuals and entities, should communicate with their legal advisors if they believe that their status as an accredited investor has changed. If a Registered User's status as an accredited investor has changed, such Registered User agrees to immediately notify CCG of such change.

The material contained in this web site is for private information of Registered Users. Its text, statistical graphs, data, photos, graphics, audio and/or video material or any portion thereof may not be stored in a computer, published, rewritten for broadcast or publication or redistributed in any medium, except that Registered Users, for their sole use and information, may access, use and store the "Printable Snapshot" feature. CCG Parties are not liable for any delays, inaccuracies, errors or omissions in the material or in the transmission or delivery of all or any part thereof or for any damage arising from any of the foregoing.

Certain funds subscribe to either the HedgePlus Service ("HedgePlus") or HFN Basic ("HFN Basic") on the www.hedgefund.net website. CCG may receive fees from funds that subscribe to HedgePlus, HFN Basic, or otherwise waive such fees in the event of a business relationship between the fund and any one or more of the CCG PARTIES. NO CCG PARTY PERFORMS OR HAS PERFORMED ANY PRIOR OR ONGOING DUE DILIGENCE OR CONDUCTED ANY OTHER INVESTIGATION OF ANY FUND IN CONNECTION WITH SUCH FUND'S PARTICIPATION IN HEDGEPLUS, AND NO CCG PARTY MAKES ANY REPRESENTATION OR WARRANTY WHATSOEVER THAT ANY DATA OR INFORMATION APPEARING ON HEDGEPLUS IS TRUE, ACCURATE OR COMPLETE. One or more qualified CCG Parties may receive compensation from certain funds on the HedgeFund.net website for investments made in such funds by registered users and other investors, provided, however, no investments are permitted to be made through the use of the HedgeFund.net website.

Investments in hedge funds and other private investment funds are speculative and involve a high degree of risk. You could lose all or a substantial amount of your investment. Each fund is unique and there are unique risks involved when investing in a particular hedge fund. You should carefully read a fund's offering materials and related information for specific risk and other important information regarding an investment in that fund before investing. This website does not list, and does not purport to list, the risk factors associated with an investment in any of the hedge funds listed on this site.