Please read this important information before proceeding further. It contains legal and regulatory notices relevant to the information contained on this website.

The information within this site is issued by Thames River Capital LLP ("Thames River") for information only. It does not constitute an offer by Thames River to enter into any contract/agreement nor is it a solicitation to buy or sell any investment. Content relating to Unregulated Collective Investment Schemes (Hedge Funds) is aimed solely at investors who meet the Financial Services Authority definitions of Eligible Counterparty or Professional Client or fall into one of the categories of person listed in Conduct of Business Rules Chapter 4.12.1 Rule 4. Click here to access FSA Definitions. Information on unregulated collective investment schemes on this site is unsuitable for and should not be relied upon by any person who does not meet the above-mentioned qualifying categories. If you do not meet any of these categories you should only view information on Traditional Funds plc, TR Property Investment Trust plc and Thames River Hedge+. If you have any doubts about your status please Thames River's Compliance Department.

The information below explains the legal and regulatory restrictions in relation to the Thames River Capital LLP website. If you accept the conditions below and wish to enter the website this page constitutes a binding legal agreement.

Please read the Terms carefully which may be subject to change without notice. By accessing any page of this website, you agree to be bound by the Terms below. If you do not agree to the Terms below, please exit the website. This page is designed to filter out unsuitable categories of investor from accessing the site and as such Thames River cannot be responsible for any misrepresentations you may make in gaining unauthorised access to the site.

These Terms may be amended without notice to you. Your continued use of the website following any changes will mean that you accept such changes.

Regulatory Disclosures

Thames River Capital is a trading name of Thames River Capital LLP which is authorised and regulated by the UK Financial Service Authority. Most if not all of the protections provided by the United Kingdom regulatory structure will not apply to investments in the funds detailed within this site. Thames River Hillside Apex Segregated Portfolio, Thames River Kingsway Segregated Portfolio, Thames River Edo Fund Limited, Nevsky Fund Limited, Thames River Sentinel Fund, Thames River Warrior Fund, Thames River Equity Focus Fund, Thames River Distressed Focus Fund, Thames River Hedge Ventures Limited, Thames River Property Growth & Income Fund Ltd (an open-ended Guernsey Class B Fund) and Thames River Tybourne Fund Limited are unregulated collective investment schemes which are not recognised schemes under s.264 of the Financial Services and Markets Act 2000. Thames River Hedge+ is a cell of Thames River Multi Hedge PCC Limited, listed on the London and Channel Islands Stock Exchanges. TR Property Investment Trust plc is a UK investment trust listed on the London Stock Exchange. The European Fund, High Income Fund, Eastern European Fund, Japan Fund, Global Emerging Markets Fund, Global Bond Fund (£), Global Bond Fund (€) and Global Bond Fund ($) are sub-funds of Traditional Funds plc, an open-ended investment company incorporated in Ireland, authorised by the Irish Financial Services Regulatory Authority and listed on the Irish Stock Exchange. This company is a recognised collective investment scheme under s.264 of the Financial Services and Markets Act.

Many of the protections provided by the United Kingdom regulatory structure may not apply to investments in the Thames River funds, including access to the Financial Services Compensation Scheme and the Financial Ombudsman Service.

Content of Web Site

By proceeding you agree, so far as this is permitted under the provisions of the UK regulatory system, to the exclusion by us of any liability, including without limitation that arising from any loss of profit or any other damage direct or consequential, in respect of any errors and/or omissions by us and/or any relevant third parties in respect of the content. The contents of this website are based upon sources of information believed to be reliable, however, save to the extent required by applicable law or regulations, no guarantee, warranty or representation (express or implied) is given as to its accuracy or completeness and, Thames River, members, officers and employees of the managing member do not accept any liability or responsibility in respect of the information or any views expressed herein. This website may include forward-looking statements that are based upon our current opinions, expectations and projections. We undertake no obligation to update or revise any forward-looking statements. Actual results could differ materially from those anticipated in the forward-looking statements. If you have accessed this site using a link from another site, Thames River does not accept any liability or responsibility for the accuracy of information contained within the sites of other providers who have links to any pages of this site or to whom this site is linked.

Investment Risk

There are significant risks associated with investment in the funds outlined in the site. Investment in the unregulated schemes on this site is intended for sophisticated investors who can accept the risks associated with such an investment including a substantial or complete loss of their investment. Such schemes are permitted to and use gearing as an investment strategy. The effect of such gearing is that movements in the price of the schemes will be more volatile than the movements in the prices of their underlying investments.

Past performance is not necessarily a guide to future performance. The value of investments and any income derived from them can go down as well as up and the value of an investor's investment may be extremely volatile and be subject to sudden and substantial falls. The prices of commodities contracts and all derivatives instruments, including futures and options, are highly volatile. Certain investment positions may be illiquid. The Funds may invest in securities of financially troubled companies, illiquid over-the-counter securities and non-publicly traded securities.

Investment in emerging market funds involves risk factors and special considerations which may not be typically associated with investing in more developed markets. Political or economic change and instability may be more likely to occur and have a greater effect on the economies and markets of emerging countries. Adverse government policies, taxation, restrictions on foreign investment and on currency convertibility and repatriation, currency fluctuations and other developments in the laws and regulations of emerging countries in which investment may be made, including expropriation, nationalisation or other confiscation could result in loss to the fund.

Income from investments may fluctuate. Changes in rates of exchange may have an adverse effect on the value, price or income of investments. You should be aware that investments in higher yielding bonds issued by borrowers with lower credit ratings may result in a greater risk of default and have a negative impact on income and capital value. Income payments may constitute a return of capital in whole or in part. Income may be achieved by foregoing future capital growth. Fund charges may be applied in whole or part to capital, which may result in capital erosion. With the exception of Thames River Hedge+ and TR Property Investment Trust plc, the funds are not traded on an exchange or recognised market and in common with some of their investments may not be readily realisable. This factor can make it difficult to obtain independent verification of the investment value and the extent of the risks to which they are exposed. Investors should be fully aware of the restrictions on transfer of investments.

The foregoing list of risk factors is not complete and reference should be made to the relevant Offering Memorandum.

Solicitation

The site does not constitute an offer by Thames River to enter into any contract/ agreement nor is it a solicitation to buy or sell any investment. It should not be used for the purpose of an offer or solicitation in any jurisdiction or in any circumstances in which such offer or solicitation is unlawful or not authorised. This UK site is not aimed at persons who are residents of any country, including the United States of America ("USA") and South Africa, where the Funds referred to herein are not registered or approved for marketing and/or sale or in which the dissemination of information on the Funds or services is not permitted. This document should not be distributed to any third party without the express approval of Thames River.

United States of America

The provision of the information in this web site does not constitute an offer of securities to any person in the United States or to any U.S. Person as such term is defined under the Securities Act of 1933, as amended. The information contained in this site about Thames River Capital and/or any of its affiliates is not directed to any person in the United States. Funds referred to herein are neither registered under the Securities Act 1933 of the USA, nor are they registered under the Investment Company Act of 1940. Consequently, they cannot be offered for sale or be sold in the USA, its territories, possessions or protectorates under its jurisdiction, nor to nationals, citizens or residents in any of those areas.

Dubai

Thames River Capital DIFC Registered Branch is regulated by the Dubai Financial Services Authority ("DFSA"). The DFSA is a wholesale jurisdiction and the services / products promoted on this website are addressed to a wholesale customer identified as client under the DFSA rules and regulations. Wholesale clients may not be afforded the retail customer protection and compensation rights that may generally be available to them in other jurisdictions.

Advice

No information contained in this website should be deemed to constitute the provision of financial, investment or other professional advice in any way.

Taxation

Taxation will depend on individual financial circumstances and the country of residence.

Ownership and Copyright

The copyright in the website and (unless otherwise indicated) its contents including all information, graphics, code, text and design are owned by Thames River Capital LLP and should not be reproduced or distributed without permission.

Performance Data

Information on performance follows UK standards.

By proceeding you confirm: that if you are entering the site to view any area related to these unregulated schemes, you are a qualifying person as defined by FSA and that you are not subject to any jurisdictional restrictions prohibiting access to information on unregulated collective investment schemes.

To proceed further please select the option that best describes your current status:

If you are unable to agree to the terms outlined above or you are resident in a jurisdiction (e.g. the United States) where access to the site and information contained therein is not permissible then please click on the EXIT SITE option below.