Terms of Use/Disclosure

Access to this web site is subject to the terms and conditions herein. This site is limited to the dissemination of general information concerning Dern Capital and its investment advisory services, which includes the management of the hedge fund. It does not constitute a complete description of our investment services or performance and does not create a business or professional services relationship between us. The site should not be used or relied upon by you as a substitute for independent research or professional advice provided to you in direct consultation with Dern Capital. The publication of this site should not be construed by anyone as Dern Capital's solicitation to effect or attempt to effect transactions in securities or the rendering of personalized investment advice (or an offer thereof) for compensation over the internet. Dern Capital, a Florida corporation, is registered as an investment advisor with the State of Florida.  Dern Capital may only transact business or render personalized advice and offers of service can only be made in those states or international jurisdictions where Dern Capital is registered or where an exemption or exclusion from registration is available. Any direct communication by Dern Capital with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. Any communications with prospective clients residing in states or international jurisdictions where Dern Capital and its representatives are not registered or licensed shall be limited so as not to trigger registration or licensing requirements. Certain portions of Dern Capital's site may contain a discussion of its (and others) positions and/or recommendations as of a specific prior date. Due to various factors, including changing market conditions, such discussion may no longer be reflective of current position(s). Information may be dated and may no longer reflect Dern Capital's current position and recommendations. Inherent in any investment is the potential for loss as well as profit. A list of all recommendations made within the immediately preceding twelve months is available upon written request. Although the information on this site was gathered from sources that we believe are reliable, its accuracy and completeness cannot be guaranteed and is provided for informational purposes only. Dern Capital does not represent or endorse the accuracy, timeliness, suitability, completeness, relevance or reliability of any of the information or content contained on, distributed through, or linked, downloaded or accessed from any of the services contained on this site, nor the quality of any products, funds, information or other materials displayed, invested in, or obtained by you as a result of any information or offer in or in connection with this site. Any reliance upon any materials shall be at your own risk. Dern Capital reserves the right, in its sole discretion and without any obligation, to make improvements to, or correct any error or omissions in any portion of the content of this site. Dern Capital assumes no responsibility for any errors in the text. All information in this site is subject to change without notice. Your use of the site shall be on an "as is basis" entirely at your own risk. Neither Dern Capital nor any affiliated company, officer, director or employee thereof, shall be liable or responsible to any person for any damage (direct, indirect, special, third party, or consequential) that may arise in any connection with your use of the site. Neither Dern Capital nor its internet vendors collect, sell, or use information of people who visit our website aside from Dern Capital at times looking at who signs on to the password protected portion of the site for the purpose of determining who is trying to learn more about Dern Capital.  Dern Capital's Form ADV is available upon request. Information provided by you through this site may be used by Dern Capital to service your needs as a customer. All trademarks referred to on this website are the properties of their respective owners. Neither Dern Capital nor its employees, agents or officers are affiliated with Brinson, Hood and Beebower, whose studies are referred to herein for informational purposes only. Comparisons of investment results should consider qualitative circumstances and should only be made for portfolios with generally similar investment objectives.

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