– – less regulation and higher fees than mutual funds; and risks associated with operations, personnel, and processes of the manager. Individual funds will have specific risks related to their investment programs that will vary from fund to fund. This document contains certain forward-looking statements as defined within the meaning of the Private Securities Litigation Reform Act of 1995, and is subject to the safe harbors created therein. Actual results could differ materially from those projected in the forward looking statements, as a result of risks and other factors discussed in the applicable Confidential Offering Memorandum or Prospectus.   SKYBRIDGE CAPITAL 527 MADISON AVENUE 16TH FLOOR NEW YORK, NEW YORK 10022 PHONE 212 485 3100 FAX 212 485 3137 .