Welcome to the crlinvInvestors.com Web site (the “Site”) owned and operated by crlinv Management, L.P. and crlinv Research Associates, Inc. (collectively, “crlinv”), an investment adviser registered with the Securities and Exchange Commission. crlinv Europe, LLP’s registration number is OC400638 and its registered office address is C/O Cogency Global (Uk) Limited 6 Lloyds Avenue, Unit 4cl, London, England, EC3N 3AX. crlinv Europe, LLP is incorporated and domiciled in England. These Terms of Use contain the terms, conditions, and provisions upon which you may access the information available through the Site. This Site and the information herein are for informational purposes only and do not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security, strategy, or investment product in any jurisdiction, and it is not intended to amount to advice on which you should rely. Nothing on the Site constitutes legal, tax, accounting, or investment advice, and you should consult your own advisers regarding any investment decision or otherwise before taking, or refraining from, any action on the basis of the content on this Site. Our Privacy Policy is incorporated by reference into these Terms.
PLEASE READ THESE TERMS OF USE CAREFULLY BEFORE USING THE SITE. DO NOT USE THE SITE IF YOU DO NOT AGREE TO BE BOUND BY THEM.
THE INFORMATION AND SERVICES PROVIDED ON THE SITE ARE NOT INTENDED FOR DISTRIBUTION TO, OR USE BY, AND ARE IN PARTICULAR NOT DIRECTED TO, ANY PERSON OR ENTITY IN ANY JURISDICTION OR COUNTRY WHERE SUCH DISTRIBUTION OR USE WOULD BE CONTRARY TO LAW OR REGULATION, WOULD OBLIGATE crlinv TO COMPLY WITH ADDITIONAL RULES OR WHICH WOULD SUBJECT crlinv OR ANY OF ITS AFFILIATES TO ANY ADDITIONAL REGISTRATION REQUIREMENT WITHIN SUCH JURISDICTION OR COUNTRY.
THE INFORMATION AND SERVICES PROVIDED ON THE SITE ARE FOR BUSINESS USERS ONLY AND ARE NOT INTENDED FOR USE BY CONSUMERS, OR FOR ANY DOMESTIC OR PRIVATE USE.
If you meet the requirements for registering with crlinv, including being qualified as an “accredited investor” (as that term is defined under Regulation D promulgated under the Securities Act of 1933, as amended) and also deemed a “qualified purchaser” (as that term is defined under Section 2(a)(51) under the Investment Advisers Act of 1940, as amended), you may become a “Registered User” of the Site.
By accessing, viewing or using the materials or services available on or through the Site you indicate that you understand and intend these Terms of Use to be the legal equivalent of a signed, written contract and equally binding, and that you accept these Terms of Use and agree to be legally bound by them. If you purchase services from crlinv (including through the Site), additional terms will apply to the services.
The Site is offered to you conditioned on your acceptance without modification of the terms, conditions, and notices contained herein. Your use of the Site constitutes your agreement to and understanding of all such terms, conditions, and notices. crlinv reserves the right to, at our discretion, at any time, change, update, amend, and/or modify the terms, conditions, and notices under which the Site and the information and services offered through the Site are offered, or suspend or withdraw or restrict the availability of all or any part of our Site for business or operational purposes without further notice to you. Your continued use of the Site will signify your agreement with and understanding of any additional or modified terms, conditions or notices applicable to the Site. It is your responsibility to review these Terms of Use periodically for any changes.
While crlinv uses reasonable efforts to update the information on the Site, crlinv makes no representations or warranties as to the accuracy, reliability, timeliness or completeness of any information at the Site. Any content at the Site is subject to change without notice.
The Site and the materials and information available on or through it are provided by crlinv as a service to you. You are hereby granted a limited, non-exclusive, revocable and non-transferable, non‑sublicensable license to access and use the Site solely for your (or your organization’s) legitimate internal business purposes and conditioned on your continued compliance with these Terms of Use. You may not publicly distribute or disseminate any content obtained from the Site without crlinv’s prior written consent.
Users may print and download materials and reports from the Site provided that all hard copies contain all copyright and other applicable notices contained in the originals of such materials and reports. The use of any such material on any other Web site or networked computer environment is prohibited.
Except as otherwise expressly permitted herein or under an agreement between you and crlinv, you may not modify, copy, distribute, broadcast, transmit, display, reproduce, publish, license, create derivative works from, transfer, sell, or otherwise use any information, products, services or material obtained from or through the Site. As a further condition of use of the Site, you warrant to crlinv that you will not use the Site for any purpose that is unlawful or prohibited by these Terms of Use and you will comply with any applicable local, state, national, or international laws or regulations when using the Site.
Nothing at the Site shall be construed as granting, by implication, estoppel or otherwise, any license or right to use any image, trademark, logo or service mark at the Site. No act of downloading or otherwise copying from the Site will transfer title to any software or material at the Site to you. You may not decompile, reverse engineer, disassemble, or otherwise reduce any computer files obtained from the Site to a human-perceivable form. Anything that you transmit to the Site becomes the property of crlinv, may be used by crlinv for any lawful purpose (subject to any further agreement between you and crlinv), and is further subject to disclosure as deemed appropriate by crlinv, including to any legal or regulatory authority to which crlinv is subject. crlinv reserves all rights with respect to copyright and trademark ownership of all material at the Site, and will enforce such rights to the full extent of the law.
The Site is provided solely for the purpose of providing information and news about securities markets, hedge funds, hedge fund managers and other alternative investments. Only Registered Users who are accredited investors and also deemed a qualified purchaser will be able to access the password-protected portions of the Site.
While the information contained on the Site has been obtained from sources believed reliable, neither crlinv nor any information provider guarantee that the information on the Site is accurate, timely, valid or complete or make any warranties with regard to the results that have or may be obtained from its use. Certain materials may be directed only to persons in specific jurisdictions. Past performance is not indicative of future results. Forward-looking statements are subject to risks and uncertainties; actual results may differ materially.
IF YOU ARE IN ANY DOUBT AS TO WHETHER THIS WEB SITE CAN BE LAWFULLY USED BY YOU DO NOT USE THE SITE.
The information on the Site is intended for informational, educational and research purposes only. crlinv does not provide recommendations, investment advice or any other advice to you or any other party through the Site, and no information or material at the Site is to be relied upon for the purpose of making or communicating investment or other decisions. Accordingly, crlinv does not offer advice regarding the quality or suitability of any investment or of any investment manager and assumes no responsibility or liability for any investment decisions or advice, treatment, or services rendered by any person or entity mentioned, featured or linked to on the Site.
Nothing contained on the Site constitutes investment advice or an offer or a solicitation by crlinv for the purchase or sale of any securities, futures, options or other financial instruments. This material and any views expressed herein are provided for informational purposes only and should not be construed in any way as an endorsement or inducement to invest with any hedge fund or other alternative investment program or any investment manager or advisor mentioned. Before making any investment decision, seeking any investment manager’s or advisor’s services or investing in any hedge fund or other alternative investment program, you are advised to consult with your broker or other financial advisor to verify pricing and other information and/or do such other due diligence as may be appropriate under the circumstances, including reading and examining thoroughly the relevant disclosure documents and/or offering memorandum. crlinv shall have no liability for investment decisions based upon, or the results obtained, from the content provided herein.
All material contained on or available through the Site, unless otherwise indicated, is protected by law including, but not limited to, copyright, trade secret, and trademark law, as well as other state, national, and international laws and regulations. All designations, marks, names, slogans, information and materials, including, without limitation, images, illustrations, designs, icons, photographs, video clips, and written and other materials and content, that are part of the Site are copyrights, trademarks, service marks, trade names, trade dress and/or other intellectual property owned, controlled or licensed by crlinv or a third party. Nothing in this Site shall be deemed to convey to you any right, title, or interest in any such content and intellectual property except for the right to view and/or use the same pursuant to these Terms of Use.
Except as expressly provided herein, crlinv does not grant any express or implied right to users of the Site under any patent(s), copyright(s), trademark(s), or trade secret information. Accordingly, unauthorized use of any material contained on the Site by you will violate copyright laws, trademark laws, trade secret laws, the laws of privacy and publicity, and other regulations and statutes. You may not remove any copyright, trademark or other proprietary notice or legend contained on or printed from the Site.
You may not distribute, modify, transmit, reuse, repost, or use the content of the Site, including, without limitation, any text, images, audio and video, for public or commercial purposes without our written permission. Modification or use of the information or materials for any other purpose may violate the copyright, trademark and other intellectual property rights of crlinv. Further, crlinv or its licensors or content providers, retain full and complete title to the material provided on the Site, including all associated intellectual property rights.
crlinv considers your personal data to be private. You acknowledge that you have read crlinv’s internet Privacy Policy posted on the Site. All information collected in the course of your using the Site (including your qualification as a Registered User of the Site) or otherwise, including any individual logging or click-stream data gathered in course of navigating the Site, is strictly for internal purposes and will be kept confidential at all times. We may capture and record information on our server logs from your browser when you interact and use the Site including your IP address, cookie information and the page(s) you request regarding your IP address generally for use in administering the Site, customizing the content you see, fulfilling your requests for certain services and information, and contacting you. Cookies are alphanumeric identifiers that we may transfer to your computer hard drive through your Web browser to enable our systems to recognize that browser. Your IP address may be used to help identify you and your patterns and processes and to gather broad demographic and current interest information that we may then use for generic reports posted on the Site.
The registration process requires Registered Users to give crlinv contact information, unique identifiers, financial information and demographic information. This information is used to qualify you as a Registered User and may also be used, with a Registered User’s prior permission, to send Registered Users relevant and timely information.
The Site may contain links to other Web sites (See “Links to Other Sites” below). crlinv is not responsible for the privacy practices or the content of such Web sites. The Site has strict security measures in place to protect against the loss, theft, misuse and/or alteration of the information contained on the Site. Employees are kept aware of the security policies in place in respect of the Site. If you decide to access any linked third party website, you do so at your sole risk. crlinv will not be responsible for the information, materials, products or services obtained on or from such other websites, nor will crlinv be liable in any respect whatsoever for any damages arising from your access to such websites.
You agree not to: (i) “flood,” “spam,” “mailbomb” or overload the Site or otherwise take any action that may result in damage, impairment or overload of any of the Site’s infrastructure, including by using malicious codes; (ii) use any device, software or routine to attempt to interfere with any of the Site’s functionality or appearance; (iii) data mine, data scrape or otherwise attempt to use any software, device, tool or technique (including without limitation, browsers, spiders, robots, avatars, intelligent agents or automated analytical techniques) to navigate, search or analyze the Site to harvest, extract or collect information from the Site or to analyze text and data on the Site in digital form to generate information (or develop, train, fine-tune or validate artificial intelligence systems or models) which includes but is not limited to patterns, trends and correlations (to the extent we are able to exclude or limit such activity by contract under the laws which are applicable to us); (iv) attempt to decompile, disassemble or reverse-engineer any of the Site’s source code or software; (v) impersonate any person or entity other than yourself or create a user account for anyone other than yourself; (vi) create another user account without permission if we have suspended or terminated your user account; (vii) use the Site to violate anyone’s rights or applicable laws or regulations or do anything malicious, misleading, defamatory, libelous, abusive, fraudulent, deceptive or discriminatory; (viii) assist or encourage violations of these Terms of Use or applicable laws or regulations; or (ix) violate or attempt to violate the security of any of the Site (including without limitation, accessing user accounts, servers or data without authorization, probing or testing the vulnerability of any of the Site’s authentication measures, security or system infrastructure without proper authorization, or otherwise interfere with service to any user, host or network).
Use of certain portions of the Site requires both Registered User ID information and a password. During the Registered User registration process for the Site, users choose a unique Registered User ID and a password to become a Registered User and to gain access to the restricted areas of the Site. One Registered User can only use each Registered User ID and corresponding password. Anyone with knowledge of both a Registered User ID and password can gain access to the restricted portions of the Site and the information available to each Registered User. Accordingly, the Registered User must make every effort to keep its password confidential and must not disclose its password to any third party.
If you know or suspect that anyone other than you knows your Registered User ID and password, you must promptly notify us at crlinvinvestors@crlinvinc.com..
If you experience any problems reaching crlinv or the Site through any particular method, you may contact us at crlinvinvestors@crlinvinc.com.
Use of the Internet is solely at your own risk and is subject to all applicable local, state, national, and international laws and regulations. While crlinv has endeavored to create a secure and reliable Site, please be advised that the confidentiality of any communication or material transmitted to/from the Site over the Internet cannot be guaranteed.
Accordingly, crlinv and its affiliates (as defined below) are not responsible for the security of any information transmitted via the Internet or for the consequences of any reliance on such information. You assume the sole and complete risk for using the Site and must make your own determination as to these matters.
Actual or attempted unauthorized use of the Site may result in criminal and/or civil prosecution. For your protection, crlinv reserves the right to view, monitor, and record activity on the Site without notice or permission from you.
Any information obtained by monitoring, reviewing, or recording is subject to review by appropriate governmental, regulatory and law enforcement organizations in connection with applicable law, including the investigation or prosecution of possible criminal activity on the Site. crlinv will also comply with all lawful court orders and governmental, regulatory and law enforcement requests involving such information.
crlinv may provide links, in its sole discretion, to other sites on the World Wide Web for your convenience in locating related information and services or otherwise. crlinv has not reviewed the content of any site owned by a third party that may be linked to the Site and exercises no control over such sites. Your use of such sites is subject to their terms.
Accordingly, crlinv expressly disclaims any responsibility and shall not be liable for the content (or any errors, misrepresentations, or omissions therein), the accuracy and timeliness of the information, the download, transmission or delivery of any such information and/or the products or services provided by or advertised on these third-party Web sites. crlinv will not be liable in any respect whatsoever for any damages arising from your access to such sites. Moreover, these links do not imply an endorsement with respect to any third party or any Web site or the products or services provided by any third party. See “Disclaimers.”
You acknowledge that you are responsible for all the materials and information you may submit via the Site, including the accuracy, reliability, appropriateness, originality and copyright ownership/use right of any such material (“User Material”). You may not upload, distribute or otherwise publish through this Site any content that is confidential, proprietary, false, fraudulent, libelous, defamatory, obscene, threatening, invasive of privacy or publicity rights, infringing on intellectual property rights, abusive, or otherwise objectionable. By uploading or otherwise posting any User Materials on the Site, you expressly represent, warrant, and covenant that: (i) you own or otherwise have all necessary rights or permission, including but not limited to copyrights, to the User Materials you provide and the rights to use it as provided in these Terms of Use; (ii) all information you provide is true, accurate, current, and complete, and does not violate these Terms of Use; and (iii) the User Materials will not cause injury to any person or entity. Further, by submitting any User Materials, you hereby grant to crlinv an irrevocable, perpetual, worldwide, non-exclusive, royalty-free, fully paid-up, sublicensable license to use, display, reproduce, publish, transmit, store, modify and create derivative works of your User Material. Further, if you provide any feedback, suggestions, ideas, know-how or other information (“Feedback”) to crlinv via the Site or otherwise, you agree that crlinv may use such Feedback for any purpose without compensation to you. crlinv will treat all User Materials and Feedback as non-confidential and non-proprietary, and you agree that you will not submit to us any information considered to be confidential or proprietary.
You expressly absolve and release crlinv and its affiliates and each of their respective officers, directors, members, partners, shareholders, employees, agents, advisors and representatives (collectively, “crlinv and Its Affiliates”) from any claim of harm resulting from a cause beyond crlinv’s control, including, but not limited to, failure of electronic or mechanical equipment or communication lines, telephone or other interconnect problems, computer viruses, unauthorized access, theft, operator errors, severe weather, earthquakes, or natural disasters, strikes or other labor problems, wars, terrorist attacks, or governmental restrictions.
THE MATERIALS AT THE SITE ARE PROVIDED “AS IS” AND “AS AVAILABLE.” SUCH MATERIALS HAVE BEEN GATHERED AND DERIVED FROM SOURCES BELIEVED TO BE RELIABLE, HOWEVER crlinv HAS NOT INDEPENDENTLY VERIFIED THE INFORMATION AND TO THE MAXIMUM EXTENT PERMITTED BY LAW, ALL REPRESENTATIONS AND WARRANTIES, EXPRESSED OR IMPLIED, OF ANY KIND WHATSOEVER, ARE DISCLAIMED TO THE FULLEST EXTENT PERMISSIBLE PURSUANT TO APPLICABLE LAW, INCLUDING REGARDING THE ACCURACY, TIMELINESS, VALIDITY OR COMPLETENESS OF THE INFORMATION, INCLUDING WARRANTIES OF FITNESS FOR A PARTICULAR PURPOSE, MERCHANTABILITY, TITLE OR NON-INFRINGEMENT OR THAT THE SERVICE WILL REMAIN UNINTERRUPTED.
TO THE MAXIMUM EXTENT PERMITTED BY LAW, crlinv FURTHER ASSUMES NO LIABILITY OR RESPONSIBILITY FOR, AND MAKES NO WARRANTIES THAT, FUNCTIONS OR SERVICES CONTAINED AT THE 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 BUGS OR VIRUSES OR OTHER HARMFUL COMPONENTS OR OTHER LIMITATIONS OR UNAUTHORIZED ACCESS OR USE. TO THE MAXIMUM EXTENT PERMITTED BY LAW, crlinv AND ITS AFFILIATES SHALL NOT BE LIABLE FOR ANY DAMAGES TO, VIRUSES THAT MAY INFECT, OR SERVICES, REPAIRS OR CORRECTIONS THAT MUST BE PERFORMED, ON YOUR COMPUTER OR OTHER PROPERTY ON ACCOUNT OF YOUR ACCESSING OR USE OF THE 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 ON THE SITE IS INTENDED FOR INFORMATIONAL, EDUCATIONAL AND RESEARCH PURPOSES ONLY. ACCORDINGLY, crlinv AND ITS AFFILIATES, DO NOT RECOMMEND, SOLICIT OR OFFER ANY INVESTMENT THROUGH THE SITE AND SHALL NOT, TO THE MAXIMUM EXTENT PERMITTED BY LAW, BE LIABLE FOR ANY INVESTMENT DECISIONS, ADVICE, LOSS OF PROFITS, COSTS OR ANY INDIRECT DAMAGES RELATING TO THE SUITABILITY, ADEQUACY, VALIDITY, ACCURACY, TIMELINESS, DELAY OR COMPLETENESS OF ANY INFORMATION ON THE SITE.
WITH RESPECT TO THE PERFORMANCE DATA PRESENTED ON THE SITE, YOU SHOULD NOTE THAT PAST PERFORMANCE IS NOT NECESSARILY AN INDICATION, AND IS NOT A GUARANTEE, OF FUTURE PERFORMANCE.
UNAUTHORIZED USE OF ANY MATERIAL CONTAINED ON THE SITE MAY VIOLATE COPYRIGHT LAWS, TRADEMARK LAWS, TRADE SECRET LAWS, THE LAWS OF PRIVACY AND PUBLICITY, AND OTHER REGULATIONS AND STATUTES. FOR ANY AUTHORIZATION REQUESTS, PLEASE CONTACT US AT PRIVACY@crlinvINC.COM.
Without limiting the foregoing, to the maximum extent permitted by law, under no circumstances, including, but not limited to, negligence, shall crlinv and Its Affiliates be liable for any indirect, special, incidental or consequential damages that result from the access to, use of, or the inability to use, or for use of or reliance on any of the content or materials displayed on the Site, even if crlinv and/or Its Affiliates have been advised of the possibility of such damages.
In no event will crlinv and Its Affiliates have any liability to you for damages, proceedings, claims, liabilities, damages, obligations, losses, costs or causes of action (whether in contract, tort, including, but not limited to, negligence, breach of statutory duty, or otherwise) for access to, use of, or inability to use the Site or for use of or reliance on any of the content or materials displayed on the Site. In particular, we will not be liable for loss of profits, sales, business, or revenue; business interruption; loss of anticipated savings; or loss of business opportunity, goodwill or reputation.
Some jurisdictions do not allow the exclusion of incidental or consequential damages, so some or all of the above exclusions may not apply to you. .
You agree that your breach of these Terms of Use may result in irreparable harm to crlinv which cannot be compensated by money damages, and that crlinv shall be entitled to obtain injunctive relief for any such breach.
To the extent permitted by law, you agree to defend, indemnify, and hold harmless crlinv and Its Affiliates and their respective attorneys, licensors, predecessors, successors, and assigns, from and against any and all claims, proceedings, damages, injuries, liabilities, losses, costs and expenses (including reasonable attorneys’ fees and litigation expenses), relating to or arising from your use of the Site, any arrangements you make based on the information available or through the Site, and any breach by you of these Terms of Use or other improper act or omission.
crlinv will respond to notices of alleged copyright infringement that comply with applicable law and this section of these Terms. In accordance with the U.S. Digital Millennium Copyright Act (17 U.S.C. § 512) (“DMCA”), if you believe any content accessible on the Site infringes your copyright, you may request removal of that content from the Site by submitting written notice, with your physical or electronic signature, to our Copyright Agent designated below that includes the following information (the “DMCA Notice”):
DMCA Notices may be sent to Privacy@crlinvinc.com. If you knowingly materially misrepresent that any content on the Site is infringing your copyright, you may be held liable for damages (including costs and attorneys’ fees) under the DMCA.
The Site is controlled and operated by crlinv Management, L.P. and crlinv Research Associates, Inc. from their respective offices in the United States. These Terms of Service, their subject matter and formation (and any non-contractual disputes or claims) are governed by the law of New York, and we agree to the exclusive jurisdiction of the courts of New York.
crlinv makes no representation that materials in the Site are appropriate or available for use in other locations, and access to them from territories where any of the contents of the Site are illegal is prohibited. Those who choose to access the Site from other locations do so on their own accord and are responsible for compliance with applicable local laws.
These Terms of Use take effect at the time you begin using the Site, thereby indicating acceptance of these Terms of Use, and, at each use thereafter, you shall be deemed to have reaffirmed your acceptance of these Terms of Use. crlinv reserves the right at any time in its sole discretion to deny you or any Registered User access to the Site or any portion thereof and to terminate these Terms of Use. Termination will be effective without notice. We may update these Terms of Use by posting a revised version with an updated ‘Last Updated’ date; continued use constitutes acceptance.
Failure to insist on strict performance of these Terms of Use will not operate as a waiver of any subsequent default or failure of performance. No waiver by crlinv of any right under these Terms of Use will be deemed to be either a waiver of any other right or provision or a waiver of that same right or provision at any other time.
A printed version of these Terms of Use and of any related notice given in electronic form shall be admissible in judicial or administrative proceedings based upon or relating to these Terms of Use to the same extent and subject to the same conditions as other business documents and records originally generated and maintained in printed form.
If any part of these Terms of Use is determined to be invalid or unenforceable pursuant to applicable law including, but not limited to, the warranty disclaimers and the liability limitations set forth above, such invalidity or unenforceability shall not affect the enforceability or validity of any other portion of these Terms of Use, which shall remain in full force and effect and be construed as if the invalid or unenforceable portion were not part of these Terms of Use, and, if possible, the then invalid or unenforceable provision will be deemed superseded and replaced by a valid, enforceable provision that most clearly matches the intent of the original provision.
Any rights not expressly granted herein are reserved.
The Terms of Use and internet Privacy Policy and other terms and conditions and similar provisions that may be applicable to you regarding specific services or features of the Site (all of which are hereby incorporated as if set forth fully herein), represent the entire agreement between you and crlinv with respect to use of and material available on or through the Site, and it supersedes all prior or contemporaneous communications and proposals, whether electronic, oral, or written between you and crlinv with respect to the Site.
If you have any questions, concerns or complaints in relation to the Site or these Terms of Use please contact us by sending an email to crlinvinvestors@crlinvinc.com.
