Legal 

Blackheath Fund Management Inc. manages and provides alternative investment solutions designed for Accredited Investors or investors who meet the minimum investment requirements for the vehicle in which they wish to invest. Investors must comply with the rules and regulations specific to their province or country of residence. US Residents must be Qualified Eligible Persons ("QEPs") under CFTC Regulation 4.7.
There can be no assurance that Blackheath Fund Management Inc. or any of its Funds or Separately Managed Accounts will achieve their investment objectives. Blackheath Fund Management Inc. Funds and Separately Managed Account products are not guaranteed, their values change frequently, and past performance may not be repeated.
The risk of loss in trading commodities can be substantial. You should therefor carefully consider whether such trading is suitable for you in light of your financial condition. the high degree of leverage that is often obtainable in commodity trading can work against as well as for you. The use of leverage can lead to large losses as well as gains.
Within each Fund, the Investment Manager may at any time adopt new strategies or deviate from existing guidelines as market conditions dictate. In the event of any material deviation from its current intended strategies, the Investment Manager will advise the General Partner for each Fund immediately and the General Partner will thereafter advise the Limited Partners in writing. In the case of Separately Managed Accounts, Blackheath Fund Management Inc.will contact each client individually.
While the Investment Manager typically will try to minimize risk in selecting investments, it should be understood that the risk management techniques used cannot provide any assurance that the Unitholders of any Fund, or any Client with a Separately Managed Account, will not be exposed to the risk of significant investment losses.