Important Risk Disclosures

Horizon Kinetics Asset Management LLC (“HKAM”) manages certain private funds that are available to both U.S. and non-U.S. investors. These products are only available to certain qualified investors who meet particular standards.

When considering alternative investments, you should consider various risks, including the fact that some products use leverage and other speculative investment practices that may increase the risk of investment loss, can be illiquid, are not required to provide periodic pricing or valuation information to investors, may involve complex tax structures and delays in distributing important tax information, are not subject to the same regulatory requirements as mutual funds, often charge high fees, and, in many cases, the underlying investments are not transparent and are known only to the investment manager. With respect to alternative investments in general, you should be aware that returns from some alternative investments can be volatile and you may lose all or a portion of your investment.

Past performance of any investment is not necessarily indicative of future results. Alternative investment products, including hedge funds, are not for everyone and entail risks that are different from more traditional investments. You should obtain investment and tax advice from your advisors before deciding to invest.

This website is not an invitation to subscribe for shares in any fund and is intended for informational purposes only. Subscriptions will only be received and shares issued on the basis of the current Prospectus or Private Placement Memorandum for the relevant fund. Nothing contained herein constitutes investment, legal, tax or other advice, nor is it to be relied on in making an investment or other decision. Nothing herein should be construed as a solicitation, offer or recommendation to acquire or dispose of any investment, or to engage in any other transaction.

If you with to obtain more information about our alternative investment products you may contact us at