RISK DISCLOSURE STATEMENT

The material provided on this website is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security or service of any type. Nothing herein should be construed as investment advice, or an opinion regarding the appropriateness or suitability of any investment. No representation is made that the objectives or goals of any investment product or service will be met or that an investment will be profitable or will not incur losses. Equinox shall have no liability for investment decisions based upon, or results obtained from, the information provided herein.

Past performance is not indicative of future results.

Neither the Commodity Futures Trading Commission ("CFTC") nor the Securities Exchange Commission ("SEC") have passed upon the merits of participating in any commodity pool or security that may be offered by Equinox or its affiliates, nor on the adequacy or accuracy of this website.

Any offering of securities may be made only through FINRA members, who must prominently display their names to potential investors.

Equinox or one of its affiliates may provide you with information regarding commodities and futures markets and certain investment vehicles which participate in those markets.

YOU SHOULD CAREFULLY CONSIDER WHETHER YOUR FINANCIAL CONDITION PERMITS YOU TO PARTICIPATE IN A COMMODITY POOL. IN SO DOING, YOU SHOULD BE AWARE THAT FUTURES AND OPTIONS TRADING CAN QUICKLY LEAD TO LARGE LOSSES, AS WELL AS GAINS. SUCH TRADING LOSSES CAN SHARPLY REDUCE THE NET ASSET VALUE OF THE POOL, AND CONSEQUENTLY, THE VALUE OF YOUR INTEREST IN THE POOL. IN ADDITION, RESTRICTIONS ON REDEMPTIONS MAY AFFECT YOUR ABILITY TO WITHDRAW YOUR PARTICIPATION IN THE POOL.

IN SOME CASES, COMMODITY POOLS MAY BE SUBJECT TO SUBSTANTIAL CHARGES FOR MANAGEMENT, ADVISORY AND BROKERAGE FEES. IT MAY BE NECESSARY FOR THOSE POOLS THAT ARE SUBJECT TO THESE CHARGES TO MAKE SUBSTANTIAL TRADING PROFITS TO AVOID DEPLETION OR EXHAUSTION OF THEIR ASSETS. THE PROSPECTUS OF THE COMMODITY POOL CONTAINS A DESCRIPTION OF THE PRINCIPAL RISK FACTORS, EACH EXPENSE TO BE CHARGED TO THE POOL AND A STATEMENT OF THE AMOUNT, AS A PERCENTAGE RETURN AND DOLLAR AMOUNT, NECESSARY TO BREAK-EVEN, THAT IS, TO RECOVER THE AMOUNT OF YOUR INITIAL INVESTMENT.

THE REGULATIONS OF THE COMMODITY FUTURES TRADING COMMISSION ("CFTC") REQUIRE THAT PROSPECTIVE INVESTORS RECEIVE A DISCLOSURE DOCUMENT WHEN THEY ARE SOLICITED TO INVEST FUNDS IN A COMMODITY POOL AND THAT CERTAIN RISK FACTORS BE HIGHLIGHTED. THIS BRIEF STATEMENT CANNOT DISCLOSE ALL OF THE RISKS AND OTHER FACTORS NECESSARY TO EVALUATE YOUR PARTICIPATION IN ANY INVESTMENT. THEREFORE, YOU SHOULD CAREFULLY REVIEW THE DISCLOSURE DOCUMENT OR PROSPECTUS FOR ANY POTENTIAL INVESTMENT PRIOR TO MAKING SUCH INVESTMENT.

Your use of this website constitutes acknowledgement and understanding of the important statements above as well as agreement to the Terms and Conditions.

****** TERMS AND CONDITIONS ******

In order to use this website, you must accept the Terms and Conditions ("T&Cs") governing use of this website. click here to view the T&Cs. (Please review these T&Cs carefully).

The RDS and T&Cs are accepted by selecting the "I ACCEPT AND ACKNOWLEDGE" button below. Acceptance by any representative of an entity is acceptance by that entity. By selecting the "I ACCEPT AND ACKNOWLEDGE" button below or by otherwise accessing this site, the user or representative acknowledges that he or she has read these RDS and T&Cs. If you do not agree with these RDS and T&Cs, please select the "I DO NOT ACCEPT" button below. If the "I DO NOT ACCEPT" button is selected, further entry to the website will not be permitted. If you review any prospectus or other publicly available materials on this site, you will still need to accept or decline the T&Cs before you can gain full access to the site.

We reserve the right to amend this RDS and the T&Cs at any time. These T&Cs were last modified on December 10, 2009.

Equinox Capital Markets, LLC ("ECM")

ECM provides marketing, sales and business development solutions for alternative investment managers. The firm serves a select group of hedge funds, commodity trading advisors and other specialized asset managers in their efforts to raise capital from institutional investors.

The principals of ECM have long experience at large, international financial institutions and with a variety of alternative investment firms. Their seasoned professional relationships with both allocators and managers gives the team valuable insight into and understanding of the business development and capital raising processes.

The senior professionals of ECM have demonstrated a diverse approach to the institutional marketplace. Their relationships are extensive among the various categories of investors: endowments and foundations, insurance companies, family offices, private banks and wealth managers, funds of funds and consultants. Over a number of years, they have raised billions of dollars of investment capital from international and domestic institutions.

ECM is an affiliate of Equinox Fund Management, LLC. Through this affiliation, we can also work with interested managers to fashion and execute retail-oriented distribution strategies both in the U.S. and internationally.