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18.4. Historical Performance

The past performance of the Investment Compartments or any other investment vehicle managed by the Board of Directors is not meant to be an indication of their potential future performance. The nature of and risks associated with the Investment Compartments may differ substantially from those investments and strategies undertaken historically by the Board of Directors or the Investment Compartments themselves. In addition, market conditions and investment opportunities may not be the same for the Investment Compartments as they had been in the past, and may be less favorable. Therefore, there can be no assurance that the Investment Compartments’ assets will perform as well as the past investments managed by the Board of Directors. It is possible that significant disruptions in, or historically unprecedented effects on, the financial markets and/or the businesses in which the Investment Compartments invest could diminish any relevance the historical performance data of the Investment Compartments may have to the future performance of those Investment Compartments.