Fund Eligibility & Risk

 

Only accredited investors and qualified clients will be admitted as limited partners to a Hirschmann Capital ("HC") fund, including the Hirschmann Partnership LP (the "Fund"). For natural persons, investors must meet SEC requirements, including minimum annual income or net worth thresholds.

 

Please read this legal disclaimer in full before reading our online content.

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By accessing our website, electronic communications (including emails), and social media platforms, you acknowledge that we are not utilizing these mediums to provide investment or other advice. Nothing that HC posts on these sites or includes in its emails should be construed as personalized investment advice or a recommendation that you buy, sell, or hold any security or other investment or that you pursue any investment style or strategy.

 

Performance data represent past performance, and past performance is not indicative of future results. Performance data may be revised following monthly reconciliation or annual audit. Current performance may be higher or lower than the performance presented. Performance calculations are based on the methodology described on this page and may not be directly comparable with performance presented by other private funds or registered investment companies. Unless otherwise stated, performance data are unaudited. Investors may request the Fund’s most current performance information and applicable Confidential Offering Memorandum by emailing info@hcapital.llc

 

Returns are presented net of all fees and expenses, including performance allocations, brokerage commissions, and other operating expenses. The currency used to express performance is U.S. dollars. Performance includes reinvestment of dividends and other earnings. 

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HC manages a private hedge fund. HC’s registration as an exempt reporting adviser does not imply a certain level of skill or training. Before making any investment or hiring any investment manager, you should strive to understand the strategy or private fund’s investment objectives, risks, fees, and expenses carefully.

 

HC’s private fund is being offered in reliance on an exemption from the registration requirements of the Securities Act of 1933 and is not required to comply with specific disclosure requirements that apply to registration under the Securities Act or under the securities laws of any state. The SEC has not approved HC’s private fund, offering terms, or the accuracy or completeness of any offering materials. A registration statement has not been filed with the SEC for HC’s private fund.

 

Interests in private funds are typically not listed on an exchange and are subject to legal restrictions on transfer and resale. Investors should not assume they will be able to sell their securities. Private funds are speculative investments, and are not suitable for all investors, nor do they constitute a complete investment program. Furthermore, the Fund operates a highly concentrated portfolio; this lack of diversification may result in higher volatility and increased risk of loss compared to broader market indices. Investing in securities involves risk. Investors should be able to bear the loss of their investments. See the private offering memorandum for HC’s fund for complete information and risk factors.

 

Performance & Marketing Claims

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The content on our website and other social media platforms contains forward-looking statements, which reflect our current views with respect to, among other things, the market. You can identify these forward-looking statements by the use of words such as “outlook,” “believe,” “expect,” “potential,” “may,” “should,” “seek,” “approximately,” “predict,” “intend,” “will,” “plan,” “estimate,” “anticipate” or the negative version of these words or other comparable words. Forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. We undertake no obligation to publicly update or review any forward-looking statement, whether because of new information, future developments or otherwise.

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You should assume that as of the publication date of any tweet, post or communication referencing any publicly traded security, HC may have a position in that security and therefore stands to realize significant gains if the price of the security moves. Following publication of any report or letter, we intend to continue transacting in the securities covered therein, and we may be long, short, or neutral at any time thereafter regardless of our initial position or recommendation. Securities discussed may not represent the Fund’s entire portfolio and may not remain in the Fund’s portfolio at the time you view the content. Do not assume any of the securities discussed were or will be profitable, or that future investment decisions will equal the investment performance of the securities discussed.

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Performance Table Benchmarks: Unless otherwise stated, Fund and benchmark returns are stated in U.S. dollars and cover the same periods. The S&P 500 Total Return Index is presented on a gross total return basis, without deduction for dividend withholding taxes. The MSCI World Net Total Return Index, NYSE Arca Gold Miners Index (NTR), and MVIS Global Junior Gold Miners Total Return Net Index are presented on a net total return basis, after deduction of applicable dividend withholding taxes. Gold (US$) reflects changes in the LBMA Gold Price PM and does not include income.

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The benchmarks are provided for informational context and are not intended as directly comparable measures of the Fund’s performance. Equity-index returns include reinvested dividends. Indices are unmanaged, do not incur the Fund’s fees and expenses, and cannot be invested in directly. The Fund is actively managed, and its strategy, holdings, concentration, liquidity, volatility, returns, and other risk characteristics may differ materially from those of the benchmarks shown.

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Case Studies: Case studies are provided solely to illustrate aspects of HC's investment process and are not indicative of actual or future Fund performance. Case studies may be selected based on their relevance to the matter being discussed and may not be representative of the Fund’s entire portfolio, investment strategy, or investment experience, including unsuccessful investments. There is no assurance that the Fund will identify or invest in comparable opportunities or achieve similar results. HC’s investment process and methodologies may change over time.

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Third-Party Endorsements Disclosure: The statements made by interviewers regarding the historical performance of the Fund constitute a third-party endorsement. Interviewers are not current clients or investors in the Fund. No cash or non-cash compensation was provided to the interviewers or their associated organizations by HC in exchange for any interview or endorsement. Consequently, there are no material conflicts of interest related to compensation.

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Third-Party Rankings and Accolades: Any references to third-party rankings, awards, or accolades (such as those from ValueWalk or other publications) are for informational purposes only. The "World's Most Bearish Hedge Fund" designation by ValueWalk was published on May 2, 2017, and is based on the publication's own criteria. Third-party rankings and recognitions are no guarantee of future investment success, do not ensure that a client or prospective client will experience a higher level of performance, and should not be construed as an endorsement of HC. HC did not pay a fee to participate in or receive this designation.

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Prior Experience and Affiliations: References to the Managing Partner’s prior employment history, including tenure at Goldman Sachs Principal Strategies and Hotchkis and Wiley Capital Management, are provided strictly for biographical purposes. Any figures regarding capital deployed or investments made at prior firms belong to those respective entities. The investment performance, strategies, and scale of those prior firms are distinct from those of HC and the Fund. Past success or experience at prior firms is not indicative of future results for HC.

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Social Media Policies

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HC is pleased to offer you access to our website, social media networks, and other services that we may provide online. Social media networks include a range of online activity, including participation on X (formerly Twitter), LinkedIn, and YouTube.

 

HC may provide retweets, links, likes, shares, comments, and similar engagement with other social media content and websites as part of our social media activity to provide additional perspective for information purposes only. HC is not responsible for the content of these third-party websites, and HC does not endorse the products, services, or investment recommendations described or offered in third-party social media posts and websites.

 

Likes, comments, retweets, or other reactions to HC’s online content do not necessarily indicate approval or endorsement of HC’s services or funds.

 

Website Terms of Use

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We have compiled our research in good faith, and while we use reasonable efforts to include accurate and up-to-date information, our website and social media posts are provided on an “as is” basis with no warranties of any kind. We do not warrant that the information on the website or social media posts is accurate, reliable, or up to date. In no event should HC be responsible or liable for the correctness of any such research or for any damage or lost opportunities resulting from use of our data.

 

All content posted to the website and our networks such as graphics, logos, articles and other materials, is the property of HC or others and is protected by copyright and other laws. All trademarks and logos are the property of their respective owners, who may or may not be affiliated with HC. Nothing contained in this website should be construed as granting, by implication, estoppel, or otherwise, any license or right to use any content or trademark displayed on any site without the written permission of HC or such other third party that may own the content or trademark displayed on any site.

 

You should be aware that the internet, being an open network, is not secure. If you choose to send any electronic communications to us, you do so at your own risk. HC cannot guarantee that such communications will not be intercepted or changed or that they will reach us safely. We will endeavor to use reasonable measures to ensure that our website and electronic platforms are reasonably secure. However, we cannot guarantee that any information displayed has not been interfered with without our consent.

 

We do not guarantee that the website and other electronic platforms, applications or other materials will be free from viruses (including, without limitation, spyware, malicious software, worms, trojan horses and harmful or contaminating code).

 

Users of HC’s online content shall not use the content at any time for any purpose that is unlawful or prohibited and shall comply with any applicable local, state, national or international laws or regulations when using the online content.

 

If any above provision is held to be invalid or unenforceable, then the remaining provisions shall continue in full force and effect.