GENERAL DISCLAIMER:
GULFSTREAM CAPITAL LLC IS A REGISTERED INVESTMENT ADVISER IN THE STATES OF TENNESSEE, CALIFORNIA, COLORADO AND NORTH CAROLINA. INFORMATION PRESENTED IS FOR EDUCATIONAL PURPOSES ONLY AND DOES NOT INTEND TO MAKE AN OFFER OR SOLICITATION FOR THE SALE OR PURCHASE OF ANY SPECIFIC SECURITIES, INVESTMENTS, OR INVESTMENT STRATEGIES. INVESTMENTS INVOLVE RISK AND UNLESS OTHERWISE STATED, ARE NOT GUARANTEED. BE SURE TO FIRST CONSULT WITH A QUALIFIED FINANCIAL ADVISOR AND/OR TAX PROFESSIONAL BEFORE IMPLEMENTING ANY STRATEGY DISCUSSED HEREIN. MORE INFORMATION ABOUT GULFSTREAM CAPITAL CAN BE FOUND IN THE ADV PART 2, AVAILABLE UPON REQUEST.
ARTICLES DISCLAIMERS & TERMS:
The articles and blog posts (collectively, the “Blog”) is created and authored by Mark Gaffney for Whale Wisdom Alpha (the “Content Creator”) and is published and provided for informational and entertainment purposes only (collectively, the “Blog Service”), The information in the Blog constitutes the Content Creator’s own opinions. None of the information contained in the Blog constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You understand that the Content Creator is not advising, and will not advise you personally concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. To the extent any of the information contained in the Blog may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.
From time to time, the Content Creator or its affiliates may hold positions or other interests in securities mentioned in the Blog and may trade for their own account(s) based on the information presented. The Content Creator may also take positions inconsistent with the views expressed in its messages on the Blog.
The Content Creator may hold licenses with FINRA, the SEC or states securities authorities and these licenses may or may not be disclosed by the Content Creator in the Blog.
Investing in the investments discussed in the Blog may be risky and speculative. The companies may have limited operating histories, little available public information, and the stocks they issue may be volatile and illiquid. Trading in such securities can result in immediate and substantial losses of the capital invested. You should use invest risk capital, and not capital required for other purposes, such as retirement savings, student loans, mortgages or education.
The Blog may be temporarily unavailable from time to time for maintenance or other reasons. The Content Creator assumes no responsibility for any error, omission, interruption, deletion, defect, delay in operation or transmission, communications line failure, theft or destruction or unauthorized access to, or alteration of, the Blog. The Content Creator is not responsible for any technical malfunction or other problems of any telephone network or service, computer systems, servers or providers, computer or mobile phone equipment, or software occurring for any reason, including but not limited to, on account of technical problems or traffic congestion on the Internet or at any site or with respect to the Blog or combination thereof, including injury or damage to any person’s computer, mobile phone, or other hardware or software, related to or resulting from using or downloading Content Creators’ content in connection with the Web and/or in connection with the Blog. Under no circumstances will the Content Creator be responsible for any loss or damage, including any personal injury or death, resulting from anyone’s use of the Blog, or any interactions between the Content Creator and readers of the Blog, whether online or offline.
The Blog may provide information from or links to certain brokerage companies for your convenience only. The Content Creator does not endorse or recommend the services of any brokerage company. The brokerage company you select (and not the Content Creator) is solely responsible for its services to you.
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Limitation on Liability
IN NO EVENT WILL THE CONTENT CREATOR, ITS AFFILIATES, PARTNERS, MEMBERS, MANAGERS, DIRECTORS, OFFICERS, EMPLOYEES OR AGENTS BE LIABLE TO YOU OR ANY THIRD PERSON FOR ANY INDIRECT, CONSEQUENTIAL, EXEMPLARY, INCIDENTAL, SPECIAL OR PUNITIVE DAMAGES, INCLUDING FOR ANY LOST PROFITS OR LOST DATA ARISING FROM YOUR USE OF THE BLOG, OR ANY OF THE CONTENT OR OTHER MATERIALS ON, ACCESSED THROUGH OR DOWNLOADED FROM THE BLOG, EVEN IF THE CONTENT CREATOR OR ITS AFFILIATES, PARTNERS, MEMBERS, MANAGERS, DIRECTORS, OFFICERS, EMPLOYEES OR AGENTS IS AWARE OR HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED HEREIN, THE LIABILITY OF THE CONTENT CREATOR AND ITS AFFILIATES, PARTNERS, MEMBERS, MANAGERS, DIRECTORS, OFFICERS, EMPLOYEES AND AGENTS TO YOU FOR ANY CAUSE WHATSOEVER, AND REGARDLESS OF THE FORM OF THE ACTION, WILL AT ALL TIMES BE LIMITED TO THE AMOUNT PAID, IF ANY, BY YOU TO THE CONTENT CREATOR FOR THE BLOG IN THE IMMEDIATELY PRECEDING TWELVE MONTHS, BUT IN NO CASE WILL SUCH LIABILITY TO YOU EXCEED $1000. YOU ACKNOWLEDGE THAT IF NO FEES ARE PAID TO THE CONTENT CREATOR FOR THE BLOG, YOU SHALL BE LIMITED TO INJUNCTIVE RELIEF ONLY, UNLESS OTHERWISE PERMITTED BY LAW, AND SHALL NOT BE ENTITLED TO DAMAGES OF ANY KIND FROM THE CONTENT CREATOR, REGARDLESS OF THE CAUSE OF ACTION.
CERTAIN STATE LAWS DO NOT ALLOW LIMITATIONS ON IMPLIED WARRANTIES OR THE EXCLUSION OR LIMITATION OF CERTAIN DAMAGES. IF THESE LAWS APPLY TO YOU, SOME OR ALL OF THE ABOVE DISCLAIMERS, EXCLUSIONS OR LIMITATIONS MAY NOT APPLY TO YOU, AND YOU MAY HAVE ADDITIONAL RIGHTS.
F-4 FUND DISCLAIMERS:
Any information on this website is for informational purposes only and does not constitute an offer to sell or a solicitation of any offer to buy or sell any securities. Any such offer will be made solely to qualified investors by means of a private placement memorandum and related subscription materials. This presentation may not be disseminated without the prior written consent of Gulfstream Capital, LLC (the “Investment Adviser”), a registered investment advisor.
The description herein of these investment strategies is intended to be a summary and should not be considered an exhaustive and complete description of the potential investment strategies used by the Investment Adviser. F-4 Fund, LLC (the "Fund") is a fund that invest substantially all its capital in the aforementioned strategy. This summary contains forward-looking statements that are based on current expectations and assumptions, and represent the beliefs of the Investment Adviser. These statements are subject to risks and uncertainties that could cause actual results to differ substantially on a quarterly, annual, and/or other periodic basis. Past performance is not indicative of future results.
Prospective investors should read the entire confidential offering memorandum of the Fund, including the “Certain Risk Factors” section therein, and consult with their own advisers before deciding to invest in such fund.
Net and Gross Performance Results, used interchangeably with Net and Gross Results, reflect a Net Asset Value (“NAV”), weighted average Net and Gross Return, respectively, across the Fund which is managed by the Investment Adviser. The “Net Asset Value” of a class or a series of a fund’s interests or shares is equal to the gross assets less the gross liabilities attributable to such class or series (as the case may be) as of any date of determination. For a given accounting period, the weighted average is a fraction whose numerator is obtained by first multiplying i) the beginning-of-period NAVs and ii) the period’s Returns for the Fund to produce the period’s Return dollar value for the fund, and then adding the two Return dollar values together. The denominator of the fraction is obtained by adding the beginning-of-period NAV for the Fund. Gross Returns represent Returns after all ongoing expenses and brokerage costs, as well as the reinvestment of all dividends and other earnings, if any. Net Returns deduct from Gross Returns the 2% management fee and 20% incentive fee. None of returns have been audited. Returns between the dates of October 2012 and August 2018 are produced by a backtest and are hypothetical. Fund Returns are stated to measure total pretax returns to a hypothetical U.S. taxable investor who i) invested in the Fund at inception, ii) participated in the current fee structure for the duration of the investment, and iii) made no additional subscriptions or withdrawals. Investment results may vary for investors depending on their respective high water marks and elections with respect to new issues. Past performance is not indicative of future results and the Results listed herein should be viewed for comparative and illustrative purposes only. No representation is made that the Fund or Investment Adviser or any other investment vehicle will, or is likely to, achieve a record similar to that shown. The Investment Adviser's investment activities involve a high degree of risk. Investors may incur substantial losses on their investments. Please refer to the sections entitled “General Notes and Definitions” and “Certain Risk Factors” in the official subscription documents for the Fund when reviewing the performance herein. When the Fund participates in initial public offerings registered under the Securities Act (i.e., new issues), investors who are “restricted persons” under FINRA rules, as well as executive officers and directors of certain companies that have or may have certain investment banking relationships with broker-dealers selling new issues, will be limited in the amount of profits (if any) that they may be allocated from such new issues in which the Fund invests or prohibited entirely from participating in such new issues. To the extent an investor is subject to these limitations, an investment in the Fund has the potential to produce lower performance than that experienced by investors who are not subject to such restrictions. The performance information herein reflects new issues profits and/or losses. Any investor that does not provide satisfactory notification to show that it is not subject to FINRA-related limitations on participation in new issues will be presumed to be subject to them.
The "Inception Date" is that of the GCM fund managed by Mark Gaffney, a current member of the Investment Adviser. and which invested in a parallel fashion to the Fund, which was launched on August 2005. Therefore 8/2005 - 9/2012 Performance Results, as defined above, are those of the GCM fund. The GCM fund ceased operations from 10/2012 - 8/2018 and was re-launched in September 2018. The results for this period of 10/2012 - 8/2018 are backtested results. Backtested results are based on the strategy criteria employed real-time by the GCM fund from 8/2005 - 9/2012 and more recently from 9/2018 - 10/2019. The backtested returns reflect a 33% cash holding, which is typical of the GCM fund's average real-time cash allocation. Backtested performance is hypothetical: The results may not reflect the impact that market factors might have had on the manager's real-time execution of the back-tested model.
The Performance Results from 10/2012 - 8/2018 are backtested, hypothetical or simulated performance results. These Performance Results were calculated using the same trading strategy used from 8/2005 - 9/2012 and from 9/2018 - 10/2019. Additionally, ⅓ or 33% cash holding was applied. However, sales and tax charges, including those required in the event of transfers between assets, have not been taken into account. Please note, hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading or the costs of managing the portfolio. Also, since the trades have not actually been executed, the results may have under or over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.
The S&P 500 Index (“S&P 500”) is a broad-based index which is used for comparative purposes only and has been selected because it is well known and easily recognized by investors. The S&P 500 is considered to be generally representative of the U.S. large capitalization stock market as a whole. There are significant differences between the S&P 500 and the Fund. The S&P 500 is not actively managed, represents a fixed group of securities, includes the reinvestment of all income, and does not reflect the deduction of any expenses or fees. The Fund does not invest in all or necessarily any of the securities in the S&P 500. In addition, the Fund may have different and higher levels of risk, including through the use of leverage and concentrated positions, and volatility. The performance of the funds may not be comparable to the performance of the S&P 500. It is not possible to invest directly in this index. The S&P 500 returns presented herein include dividends and the data was obtained from Yahoo! Finance.