INTERNATIONAL MARKET INTELLIGENCE | MORNING BRIEFING

Research evidence excerpt

INTERNATIONAL MARKET INTELLIGENCE | MORNING BRIEFING

An investor in hedge funds could lose all or a substantial amount of its investment. While hedge funds are subject to market risks

common to other types of investments, including market volatility, hedge funds employ certain trading techniques, such as the use of

leveraging and other speculative investment practices that may increase the risk of investment loss.

J.P. Morgan may (as agent or principal) have positions (long or short), effect transactions or make markets in securities or financial

instruments mentioned herein (or derivatives with respect thereto), or provide advice or loans to, or participate in the underwriting or

restructuring of the obligations of, issuers mentioned herein. JPMorgan may engage in transactions in a manner inconsistent with the

views discussed herein.

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