The following factors may contribute to increasing the risk associated with the fund:

a) The fund is designed for a limited number of individuals or family offices, for example a private fund or single investor fund;

b) It is possible to subscribe to the fund and then quickly redeem the investment without the investor incurring significant administrative costs;

c) Units of or shares in the fund can be treated without the fund or fund manager being notified at the time of the trade;

d) Information about the investor is divided among several subjects.