Gramercy Terms and Conditions


By accessing this website, you agree that you understand and abide by the following Terms of Use and Legal Notices information pertaining to both this site and any and all material contained within. Your use of this site constitutes your agreement to all such terms, conditions and notices. Gramercy reserves the right to change these terms, conditions and rights under which this site is offered at any time without prior notice.

The owner of this website is Gramercy. The Gramercy logo and other designs found on this website are the property of Gramercy. Nothing at this site shall be construed or implied as granting, by implication, estoppel or otherwise, any license or right to use any image, trademark, logo or service mark at the site. No downloading or copying in any form from this site will transfer title to any software or material at this site to you. Anything transmitted to this site becomes the property of Gramercy, may be used by Gramercy for any lawful purpose and is further subject to disclosure as deemed appropriate by Gramercy, including to any regulatory authority to which Gramercy or any of its subsidiaries may be subject. Gramercy reserves all rights with respect to copyright and trademark ownership of all material at this site, and will enforce its rights, if necessary, to the fullest extent of the law. This site is for your personal and non-commercial use. You may not modify, copy, distribute, transmit, display, perform, reproduce, publish, license, transfer, create derivative works from or sell any information, software, products or services obtained from this site.

Under no circumstances should any material at this site be used or considered as an offer to sell or a solicitation of any offer to acquire an interest in any investment managed by Gramercy. Any such offer or solicitation will be made only by means of the Offering Discolsure relating to the particular product. Access to information about the products is limited to investors who, among other requirements, either qualify as accredited investors within the meaning of the Securities Act of 1933, as amended, or those investors who generally are sophisticated in financial matters, to the extent that they are capable of evaluating the merits of, and risks inherent in, a prospective investment in any product.

While Gramercy makes reasonable efforts to update the information on this site in a timely fashion, Gramercy makes no representations or warranties as to the accuracy, reliability or completeness of any information at this site. Any and all of the contents of this site are subject to change without notice.

All materials at this site are meant to be reviewed in their entirety, including any footnotes, legal disclaimers, restrictions or disclosures, and any copyright or proprietary notices. Any disclaimers, restrictions, disclosures or hedge clauses apply to any partial document or material in the same manner as they do the whole, and will be deemed incorporated in the portion of any material or document that you consult or download. The materials at this site are provided "as is" without warranty of any kind, either express or implied, to the fullest extent permissible pursuant to applicable law. Gramercy further assumes no responsibility for, and makes no warranties that, functions contained at this site will be uninterrupted or error-free, that defects will be corrected, or that the site or the server that makes it available will be free of viruses or other harmful components. Gramercy shall not be liable for any damages to, viruses that may effect, or services, repairs or corrections that must be performed on your computer or other property on account of your accessing or use of this site. Please note that some jurisdictions do not allow the exclusion of implied warranties, so some or all of the above exclusions may not apply to you. The information and statistical data contained herein on this site have been calculated and obtained from sources in a manner believed to be reliable and accurate. However, no warranty as to its accuracy or completeness is given or implied. Past performance results for any fund, composite, account, or other investment product either individually or taken as a whole, is no guarantee of future returns. There can be no assurance that the strategies described herein or advice given by Gramercy in the course of providing its services to any client or investment product will result in achieving any investor’s target returns or investment goals.


Any information, market data and opinions contained in this Web site do not constitute investment advice, and should not be considered as a recommendation, solicitation of an offer to purchase or sell any security, or as an offer to provide advisory services, in any jurisdiction where such solicitation or offer would be contrary to applicable law or regulations.

Hedge Fund Standards Board

No responsibility, duty of care or liability whatsoever (whether in contract or tort or otherwise including, but not limited to, negligence) is or will be accepted by the Hedge Fund Standards Board Limited ("HFSB") or the Board of Trustees of HFSB (the "Board of Trustees") to signatories, investors or any other person in connection with the Standards or any Conformity Statement or Disclosure Statement made by any signatory.

Neither HFSB nor the Board of Trustees is a regulator of the hedge fund industry and their role does not extend beyond being a custodian of the Standards. Neither HFSB nor the Board of Trustees will seek to enforce compliance with the Standards by signatories. The fact that a manager is a signatory to the Standards is not and should not be taken as an endorsement of such manager by HFSB or the Board of Trustees or as a representation by HFSB or the Board of Trustees that such signatory operates in conformity with the Standards. In determining whether to accept a manager's application to become a signatory (or whether to revoke a manager's status as a signatory), the Board of Trustees will be entitled to rely on the information provided to it by such manager without further investigation or verification.

Further, subject to any duties a Trustee may have under applicable law, it is not envisaged, or expected, that a Trustee will when participating in any such decision of the Board of Trustees take into consideration information which it may possess otherwise than in its capacity as a Trustee. For the avoidance of doubt, Trustees are acting as individuals.

HFSB and the Board of Trustees of HFSB do not accept any responsibility or liability for any loss or damage caused to any person who acts or refrains from acting as a result of anything contained in or omitted from the Standards or any Conformity Statement or Disclosure Statement made by any signatory or in reliance on the provisions of or material in the Standards or any Conformity Statement or Disclosure Statement made by any signatory, whether such loss or damage is caused by negligence or otherwise.