Important Legal Information
All investments involve risks, including the possible loss of principal. The identification of attractive investment opportunities is difficult and involves a significant degree of uncertainty and there is no assurance any such alternative investment strategies will be successful. An investment in these strategies is subject to various risks, such as those market risks common to entities investing in all types of securities, including market volatility.
There can be no assurance that the investment strategies employed by hedge fund and liquid alternative managers will be successful. It is always possible that any trader could generate a loss if the manager’s expectations do not come to pass.
Hedge strategy outlooks are determined relative to other hedge strategies and do not represent an opinion regarding absolute expected future performance or risk of any strategy or sub-strategy. Outlook and sentiment are determined by the K2 Advisors’ Research Group based on a variety of factors deemed relevant to the analyst(s) covering the strategy or sub-strategy and may change from time to time at sole discretion of the analyst.
For more information on any of our funds, contact your financial advisor or download a free prospectus. Investors should carefully consider a fund’s investment goals, risks, sales charges and expenses before investing. The prospectus contains this and other information. Please read the prospectus carefully before investing or sending money.
1. Source: Based on the HFRI Fund Weighted Composite Index. The HFRI Fund Weighted Composite Index is a global, equal-weighted index of over 2,000 single-manager funds that report to Hedge Fund Research Inc. database. Indexes are unmanaged and one cannot directly invest in them. They do not include fees, expenses or sales charges. Unlike most asset class indexes, HFR Index returns reflect fees and expenses. Past performance is not an indicator or guarantee or future performance.
2. Alpha is a risk-adjusted measure of the value that a portfolio manager adds to or subtracts from a fund’s return.
3. Source: McKinsey & Co, “The $64,000 Trillion Question: Convergence in Asset Management,” February 2015.