​The information provided herein is for educational purposes only and does not constitute investment advice. It is not tailored to the individual circumstances of the recipient and is neither the result of objective nor independent research. This material is not legally binding and does not constitute an offer or invitation to engage in any financial transaction. The information has been prepared by the Hedge Fund Club St. Gallen with the utmost care and to the best of its knowledge and belief. The views expressed reflect the perspective of the Hedge Fund Club St. Gallen at the time of writing and are subject to change without notice. While the sources used are deemed reliable, the Hedge Fund Club St. Gallen makes no guarantees regarding the accuracy, completeness, or timeliness of the information provided. The Hedge Fund Club St. Gallen does not manage assets, does not provide investment advice, and assumes no fiduciary duty toward recipients or members. The Club operates solely as an educational initiative focused on fostering financial literacy and understanding hedge fund strategies. It manages a virtual multi-manager portfolio for learning purposes only. The Club’s website may present specific strategies and individuals associated with hedge fund-related discussions. However, no individual, including the Club itself, assumes any liability for statements made or strategies outlined. Nothing on the website or in any of the Club’s materials should be interpreted as financial advice, an endorsement, or a guarantee of future performance. All figures, unless otherwise stated, are unaudited. The information contained herein is intended for the exclusive use of the recipient and may not be reproduced, distributed, or shared with third parties without the explicit consent of the Hedge Fund Club St. Gallen. Any reproduction, whether partial or complete, requires prior written approval from the Club. This material does not establish any business relationship between the Hedge Fund Club St. Gallen and the recipient. The Club does not receive compensation from, nor maintain business relationships with, any mentioned entities unless explicitly stated otherwise.