Please read this page carefully, as it explains certain restrictions imposed by law on the distribution of this information and the countries in which our products or services are authorised for sale. It is your responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction.
Confidentiality: This information contained herein is prepared and furnished by Kalakau Avenue Pty Ltd (ACN 668 312 061) (“Kalakau Avenue”) as an authorised representative of Tanarra Capital Australia Pty Ltd (ACN 114 164 331, AFSL No. 290098) (“Tanarra”) on a confidential basis. The information contained herein should be treated in a confidential manner and may not be reproduced or used in whole or in part for any other purpose, nor may it be disclosed without the prior written consent of Kalakau Avenue.
Copyright: Copyright herein is owned by Kalakau Avenue. You may use this information in this publication for your own personal use, but you must not (without Kalakau Avenue’s consent) alter, reproduce or distribute any part of this publication, transmit it to any other person or incorporate the information into any other document.
Non-Solicitation: None of the information contained herein is intended to constitute any offer to sell or an invitation or solicitation of an offer to buy any product or service offered by Kalakau Avenue and must not be relied upon in connection with any investment decision.
To Whom this Information is Provided: Information contained herein is solely for sophisticated investors who are wholesale clients (as defined in section 761G of the Corporations Act 2001 (Cth) (the Corporations Act). This information is supplied on the condition that it is not passed on to any person who is a retail client (as defined in the Corporations Act).
Unless otherwise provided, any Kalakau Avenue product or service cannot be offered or sold within the United States (“U.S.”), sold to, or for the account of or benefit of ‘U.S. persons’ (as defined in Regulation S of the US Securities Act of 1933). Prospective investors who fall within the definition of “U.S. persons” under Regulation S of the US Securities Act of 1933 must meet certain qualifications prior to being offered any product or service from Kalakau Avenue, if at all. Kalakau Avenue is NOT registered with or regulated by the SEC or any other U.S. federal or state agency.
Unless otherwise provided, any Kalakau Avenue product or service cannot be offered or sold within the United Kingdom (“U.K.”). Prospective investors from the U.K. must meet certain qualifications prior to being offered any product or service from Kalakau Avenue, if at all. Kalakau Avenue is NOT registered with or regulated by the FCA or any other U.K. agency.
Preliminary Information and No Advice: Information contained herein is given in summary form and does not purport to be complete. This information, including forecast financial information, should not be considered as financial product advice within the meaning of the Corporations Act or a recommendation to investors or potential investors in relation to holding, purchasing, or selling securities or other financial products or instruments and does not take into account your particular investment objectives, financial situation or needs. Before acting on any information you should consider the appropriateness of the information having regard to these matters, any relevant offer document and in particular, you should seek independent financial advice with respect to the legal, tax, regulatory, financial and accounting consequences.
Independent Investigation: Whilst the information contained herein is believed to be reliable, its accuracy or completeness cannot be guaranteed, and no responsibility for the accuracy or completeness of such information is assumed by Kalakau Avenue or any other person furnishing this information. To the maximum extent permitted by law, neither Kalakau Avenue, nor any related party, officer, director, adviser or associate of Kalakau Avenue, provides any representation or warranty in relation to the information herein, and each such person disclaims all responsibility and liability for any loss or damage in relation to this information (including without limitation, liability for negligence).
Investment Risks: No person guarantees the performance of any product or service offered by Kalakau Avenue, a rate of return from Kalakau Avenue’s products or services, or the repayment of capital from Kalakau Avenue’s products or services. Investment in the products or services offered by Kalakau Avenue involves a high degree of risk due, among other things, to the nature of the investments pertaining to Kalakau Avenue’s products or services. Past performance is not indicative of future results. Any forward-looking statements included herein may prove to be inaccurate and should not be relied upon as indicative of future matters. There can be no guarantee that targets or objectives set out herein will be met.
Investment Strategy: The description herein of the approach of Kalakau Avenue and the targeted characteristics of its strategies and investments is based on current expectations and should not be considered definitive or a guarantee that the approaches, strategies, and investment portfolio will, in fact, possess these characteristics. In addition, the description herein of any risk management strategies is based on current expectations and should not be considered definitive or a guarantee that such strategies will reduce all risk. These descriptions are based on information available as of the date of preparation of this document, and the description may change over time. Past performance of these strategies is not necessarily indicative of future results. There is the possibility of loss and all investment involves risk including the loss of principal.
Performance Figures: All performance figures contained herein are estimated and unaudited. The performance results shown are the returns of a hypothetical investor that invested in the strategy at its inception and did not make any additional investments or withdrawals. Gross performance results include the impact of broker trading commissions but exclude any management or performance fees. Net performance results include a modelled hypothetical fee load of 1% management fee and 10% performance fee over a 5% hard hurdle. Further, performance results are shown excluding any cash holdings. That is, results are shown on a fully invested basis. Future investments will be made under different economics conditions and in different securities. The performance discussed herein reflects investment of limited funds for a limited period and does not reflect the performance in different economic cycles. The information herein is historic and should not be taken as an indication of future performance.
Targets/Asset Allocation: The portfolio holdings described herein are subject to change. Kalakau Avenue may at any time adjust, increase, decrease or eliminate any of the portfolio holdings, depending on, among other things, conditions and trends, general economic conditions and changes in Kalakau Avenue’s investment philosophy, strategy, and expectations regarding the focus, techniques, and activities of its strategy.
Targeted Returns: Targeted returns will be based on analysis and evaluation of investment opportunities and on numerous investment-specific assumptions that may not be consistent with future market conditions and that may significantly affect actual investment results. Targeted returns are not projections, predictions or guarantees of future performance and there can be no assurance that target returns will be achieved.
Charts: The charts herein are provided for informational purposes only. The information presented in these charts cannot in and of themself be used to make investment decisions. No representation is made that these will assist any person in making investment decisions and no graph, chart or other visual aid can capture all factors and variables required in making such decisions.
Index Comparisons: References to market or composite indices, benchmarks, or other measures of relative market performance over a specified period are provided for information only. Reference or comparison to an index does not imply that the portfolio will be constructed in the same way as the index or achieve returns, volatility, or other results similar to the index. Market indices shown and their performance are not standards of comparison to the strategy since these are unmanaged, broadly based indices which differ in numerous respects to the composition of the strategy’s investments. Market index information was compiled from sources that Kalakau Avenue believes to be reliable; however, Kalakau Avenue does not make any representations and guarantees with respect to the accuracy or completeness of such data.