DISCLOSURES

Ackerman Capital Management, LP is an SEC registered investment adviser located in Dallas, Texas. Ackerman Capital Management, LP and its representatives are in compliance with the current filing requirements imposed upon SEC registered investment advisers by those states in which Ackerman Capital Management, LP maintains clients. Ackerman Capital Management, LP may only transact business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements. Ackerman Capital Management, LP's web site is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of Ackerman Capital Management, LP's web site on the Internet should not be construed by any consumer and/or prospective client as Ackerman Capital Management, LP's solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation. Any subsequent, direct communication by Ackerman Capital Management, LP 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.

Ackerman Capital Management, LP does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to Ackerman Capital Management, LP's web site or incorporated herein, and takes no responsibility therefor. All such information is provided solely for convenience purposes only, and all users thereof should be guided accordingly.

Certain portions of Ackerman Capital Management, LP's web site (i.e. newsletters, articles, commentaries, etc.) may contain a discussion of, and/or provide access to, Ackerman Capital Management, LP's (and those of other investment and non-investment professionals) 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) and/or recommendation(s). Moreover, no client or prospective client should assume that any such discussion serves as the receipt of, or a substitute for, personalized advice from Ackerman Capital Management, LP or from any other investment professional. Ackerman Capital Management, LP is neither an attorney nor an accountant, and no portion of the web site content should be interpreted as legal, accounting or tax advice.

This web site is for informational purposes only and does not constitute a complete description of our investment services or performance. Information throughout this site, whether charts, articles, or any other statement or statements regarding market or other financial information, is obtained from sources which we believe reliable, but we do not warrant or guarantee the timeliness or accuracy of this information. Nothing on this web site should be interpreted to state or imply that past results are an indication of future performance. Neither we nor our information providers shall be liable for any errors or inaccuracies, regardless of cause, or the lack of timeliness of, or for any delay or interruption in the transmission thereof to the user. There are no warranties, expressed or implied, as to accuracy, completeness, or results obtained from any information posted on this or any linked web sites.

For information pertaining to the registration status of Ackerman Capital Management, LP, please contact the SEC or the state securities regulators for those states in which Ackerman Capital Management, LP maintains a notice filing.

FORM ADV

Form ADV Part I 
Filed electronically with the Securities and Exchange Commission and is available at: www.sec.gov

Form ADV Part II 
Available upon request. Please contact us at (214) 361-5383.