Important information about Panda Global Advisors, LLC (the “Investment Manager”), its products and its business: 

This is not an offering, or the solicitation of an offer, to purchase an interest in any private investment fund managed by the Investment Manger (“the Fund”). Any such offer or solicitation will be made pursuant to a private placement to qualified clients only by means of a final offering memorandum, and only in those jurisdictions where permitted by law.

An investment in the Fund is speculative and involves a high degree of risk. Opportunities for withdrawal and transferability of interests are restricted, so investors may not have access to capital when it is needed. Presently, there is no secondary market for the Fund’s interests, and none is expected to develop. The Fund's portfolio is under the sole trading authority of the Investment Manager and is primarily concentrated in emerging markets and this lack of diversification may result in higher risk. The Fund’s investment performance can be volatile. An investor should not make an investment unless such investor is prepared to lose all or a substantial portion of the money invested.

The fees and expenses that are be charged by the Fund may be higher than the fees and expenses of other investment alternatives and may offset profits. There is no guarantee that the Fund's investment objective will be achieved. The past performance of the Investment Manger and the Managing Partner should not be construed as an indicator of future performance of the Fund. Statements herein that concern certain investment parameters or portfolio restrictions, including, but not limited, to statements concerning the use of leverage, should not be construed as permanently binding upon the Fund unless those investment parameters or portfolio restrictions are also disclosed in the final offering memorandum of the Fund. Presentations to potential investors or investors may contain numerous forward looking statements which only reflect the opinion of the Investment Manager and may not turn out to be accurate. No statement herein supersedes any statement to the contrary in the final offering document of the Fund.

All information contained herein is confidential. The contents of the Investment Manager’s website may not be reproduced or copied without the prior written consent of the Investment Manager.

When considering alternative investments, such as hedge funds, you should consider various risks including the fact that some hedge fund and managed futures products use leverage and other speculative investment practices that may increase the risk of investment loss, can be illiquid, are not required to provide periodic pricing or valuation information to investors, may involve complex tax structures and delays in distributing important tax information, are not subject to the same regulatory requirements as mutual funds, often charge high fees, and in many cases the underlying investments are not transparent and are known only to the investment manager.

General disclosures regarding alternative investments, such as hedge funds:

With respect to alternative investments, such as hedge funds, in general, you should be aware that: (i) Returns from some alternative investments, including hedge funds and managed futures, can be volatile, (ii) you may lose all or portion of your investment, (iii) with respect to single manager products the manager has total trading authority. The use of a single manager could mean a lack of diversification and higher risk, (iv) many alternative investments that include hedge funds are subject to substantial expenses that must be offset by trading profits and other income and a portion of those fees is paid to the investment manager, (v) trading may take place on foreign exchanges that may not offer the same regulatory protection as US exchanges. With respect to an investment in a hedge fund or managed futures fund, you should be aware that there is often a lack of transparency as to the fund's underlying investments and that there is no secondary market for fund interests. Transfers of interests are subject to limitations. The fund's manager may deny a request to transfer if it determines that the transfer may result in adverse legal or tax consequences for the fund. A hedge fund's offering memorandum or a money manager's disclosure document describes the various risks and conflicts of interest relating to an investment and to its operations. You should read those documents carefully to determine whether an investment is suitable for you in light of, among other things, your financial situation, need for liquidity, tax situation, and other investments.

Keep in mind that the past performance of any investment is not necessarily indicative of future results. You should only commit risk capital to any investment product. Alternative investment products, including hedge funds, are not for everyone and entail risks that are different from more traditional investments. You should obtain investment and tax advice from your advisers before deciding to invest.