Please note that the information contained in this document (which for the avoidance of doubt includes the matrix and key information section) does not constitute, and should not be considered a substitute for, tax advice or a tax opinion. This document does not provide a comprehensive description of all aspects of the taxation of the investment in the Fund and the Investor in the UK. The information contained in this document is limited to UK taxation of income and gains (and does not, for example, cover transfer taxes, stamp duties or financial transaction taxes) arising in respect of a typical investment by a UK resident individual investor in a Cayman AIF structured as an exempted limited company by way of share subscription. The information is based on certain factual background and assumptions and if those differ then the tax position may also differ. The information should be confirmed on the basis of the specific facts and circumstances relevant to the particular investment and investor concerned. Indication that a risk is “low” or a statement that there is “no tax” does not mean that there is no risk. There can be no guarantee that a tax or filing liability will not arise.