Disclaimer

These Reports are proprietary and confidential and may not be copied, quoted, referenced, or distributed in any format without the express written approval of Clocktower Group (“Clocktower”).  Any violation of the foregoing may result in material harm to Clocktower. 

The views expressed reflect the personal views of the members of Clocktower’s Strategy Team and do not necessarily reflect the views of Clocktower. Views expressed are as of the date hereof and Clocktower does not undertake to advise you of any changes in the views expressed herein. Opinions or statements regarding financial market trends are based on current market conditions and are subject to change without notice. References to a target portfolio and allocations of such a portfolio refer to a hypothetical allocation of assets and not an actual portfolio. The views expressed herein and discussion of any target portfolio or allocations may not be reflected in the strategies and products that Clocktower offers or invests. It should not be assumed that Clocktower has made or will make investment recommendations in the future that are consistent with the views expressed herein, or use any or all of the techniques or methods of analysis described herein in managing client or proprietary accounts.

Clocktower does make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained in this Report and nothing contained herein shall be relied upon as a promise or representation whether as to the past or future performance.  The information contained herein should not be relied solely upon by any party in connection with any investment in any fund or investment vehicle managed by Clocktower.  Certain factual information contained herein has been obtained from third-party sources. It has not been independently verified by Clocktower and although Clocktower believes it to be reliable, Clocktower makes no representation as to its accuracy or completeness.

These Reports are is intended solely for informational purposes. They are not investment advice and should not be considered to be a recommendation to buy or sell any types of securities or investments or as an indication that any security listed in these Reports is suitable for a particular person.  Any such offering would be made only to accredited investors and only by a term sheet, confidential private placement memorandum or similar offering document (“Offering Documents”). Before making an investment decision with respect to any private fund, potential investors need to carefully read the Offering Documents, and also consult with their tax, legal and financial advisors.    

The investments described herein involve a high degree of risk, including the loss of principal investment. There can be no assurance that investment objectives will be achieved or that investors will receive a return of their capital. In addition, investment results may vary substantially on a monthly, quarterly or annual basis. Clocktower and its affiliates also may have potential conflicts of interest, including that some of Clocktower’s officers, directors and/or employees may be investors in the securities directly or indirectly.  No assurance can be given that any risk management framework described herein will achieve its objective.

These Reports contains statements and information that is not purely historical in nature.  These include, among other things, assumptions, expectations, intentions and beliefs about future events.  All of these statements and information are intended as “forward-looking statements”.  These forward-looking statements are identified by their use of the terms and phrases, such as “believe,” “may,” “should,” “intend,” “expect,” “anticipate,” “project,” “estimate,” “predict,” “scheduled,” and similar expressions and phrases.  Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from those described.

Clocktower Group is an SEC-registered investment adviser and information regarding the services provided and fees charged, along with other important disclosures is contained in our Form ADV, which can be obtained upon request at 1-310-458-2003 or found at www.adviserinfo.sec.gov.