Asthenius Capital Ltd. is a company Registered in England No. 09281312. Registered Office: 272 Regents Park Road, N3 3HN, United Kingdom. Physical Address: Michelin House, 81 Fulham Road, SW3 6RD London. Asthenius Capital Limited is Authorised and Regulated by the Financial Conduct Authority (UK). This website contains proprietary and confidential information. All data submitted to the recipient (including, but not limited to first order recipient) are provided in reliance upon its consent not to use or disclose any information contained herein except in the context of its business dealings with Asthenius Capital Limited. The user of this website agrees to inform its present and future employees and partners who view or have access to the website's content of its confidential nature. The user agrees to instruct each employee that they must not disclose any information concerning this website to others except to the extent that such matters are generally known to and are available for use by the public. The user also agrees not to duplicate or to distribute or permit others to duplicate or distribute any material contained herein without express written consent of Asthenius Capital Limited. In the United Kingdom, this website is addressed only to: (i) investment professionals within the meaning of the Article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 ("FPO"), or (ii) high-net worth companies and certain other entities within Article 49 of the FPO. Asthenius Capital Limited retains all title, ownership and intellectual property rights to the material and trademarks contained herein, including all supporting documentation, files, marketing material and multimedia. Access to this website and applicable/related document(s) or use of the services or information provided herein is prohibited by any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law, rule or regulation. Any unauthorised copying, alteration, distribution, transmission, performance, display or other use of this material is prohibited. All Materials enclosed are not intended to be and do not constitute an offer to sell, or a solicitation of an offer to buy, any securities, including an interest in any fund described herein. All Materials are intended for educational, illustration and discussion purposes only. Certain information provided herein is based on third-party sources, including funds, data obtained from recognized statistical services, issuer reports or communications, and other sources. Although such information is believed to be accurate, we do not make any representations as to its accuracy or completeness. Any views or opinions presented in the accompanying documents are solely those of the author and do not necessarily represent those of its employer and affiliates. Any example, graph or similar information regarding a fund's investment strategy, risk, investment results, portfolio profit and loss, allocations or investment process is presented for educational and illustration purposes only and is intended to be illustrative and used in a discussion of investment strategy, risk and/or process, not to suggest future investment performance. An investment in a hedge fund involves a high degree of risk, including that the entire amount invested may be lost. Investors considering investing in a hedge fund should seek professional investment advice and thoroughly review the fund's private placement memorandum and other offering documents (collectively, a "Memorandum"). Asthenius Capital Limited, nor any writer, author, affiliate, nor any of their respective officers, directors, partners, or employees accepts any liability whatsoever for any direct or consequential loss arising from any use of the accompanying publications or their content. The securities discussed in the accompanying publications are not suitable for all investors. We recommend that investors independently evaluate each issuer, security; fund or instrument discussed in this publication and consult any independent advisors they believe necessary. Asthenius Capital Limited reserves the right to make changes to any part of the accompanying documents or any of the information contained in these at any time. Past Performance is Not a Guarantee of Future Results.