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Passaic Partners LLC (“Passaic”) is an investment adviser registered with the US Securities and Exchange Commission (CRD # 313290). Such registration does not imply a level of skill or training.
The information on Passaic’s website ("Website") is for information, education, and noncommercial purposes only. The information presented herein contains expressions of opinion, which are subjective, may be difficult to prove, and are subject to change without notice. Opinions and estimates offered on the Website constitute our judgment and are subject to change without notice, as are statements of financial market trends, which are based on current market conditions. We believe the information provided on this website is reliable, but do not warrant its accuracy or completeness. Passaic does not provide legal, tax, or accounting advice or services. Investors should consult with their own tax or legal advisor prior to entering into any transaction or strategy described herein.
Information on this Website is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Nothing contained in or on the Website should be construed as an offer to buy or sell, a solicitation of an offer to buy or sell, or recommendation to buy or sell any security, commodity, or investment, or to engage in any other transaction. Nor does this Website constitute an offering or recommendation by Passaic on any investment, investment management service, or advisory service. Nothing contained on the Website should be construed as Passaic providing investment, tax, or legal advice and the Website should be not used for these purposes. The information on the Website is provided solely on the basis that you make your own investment decisions. Unless separately and expressly agreed, Passaic neither provides investment advice to, nor receives and transmits orders from, users of the Website.
Investment involves risk and, in some cases, involves substantial risk of loss. Past performance is no guarantee of future results. Potential for profit is accompanied by possibility of loss. The views and strategies described may not be suitable for all investors. Investing entails risks and there can be no assurance that Passaic (or its affiliates) will achieve profits or avoid incurring losses.
All investment and trading activities risk the loss of capital and no assurance can be given that the investment activities of a client’s account will achieve the investment objectives of such account or avoid losses. Direct and indirect investing in securities involves risk of loss that clients should be prepared to bear.
There is no assurance that any account or fund managed by Passaic (“Account”) will achieve its investment objective. Accounts are subject to market risk, which is the possibility that the market values of the securities in an Account will decline and that the value of the securities may therefore be less than what was paid for them. Market values can change daily due to economic and other events (e.g. natural disasters, health crises, terrorism, conflicts and social unrest) that affect markets, countries, companies or governments. It is difficult to predict the timing, duration, and potential adverse effects (e.g., portfolio liquidity) of events. Accordingly, you can lose money investing in an Account.
Investment strategies that seek to enhance after-tax performance may be unable to fully realize strategic gains or harvest losses due to various factors. Prospective investors should consult with a tax or legal advisor before making any investment decision.
Global market investing, including developed, emerging, and frontier markets, carries additional risks or costs including but not limited to political, economic, financial market, currency exchange, liquidity, accounting, and trading capability risks.
Derivatives such as futures, swaps, and other investment strategies have certain disadvantages and risks. Futures require the posting of initial and variation margin. Therefore, a portion of risk capital must be preserved for this purpose rather than being allocated to investment. Liquid futures may not exist for published benchmarks, which may result in tracking error. Also, some intraperiod mispricing may occur. Swaps require periodic payments, may be less liquid than futures, and may have counterparty credit risk. Some investment strategies require a cash investment equal to the desired amount of exposure.
The value of commodities investments will generally be affected by overall market movements and factors specific to a particular industry or commodity, which may include weather, embargoes, tariffs, health, and political, international, and regulatory developments. Economic events and other events, whether real or perceived, can reduce the demand for commodities, which may reduce market prices and cause their value to fall. The use of derivatives can lead to losses or adverse movements in the price or value of the asset, index, rate, or instrument underlying a derivative due to failure of a counterparty or due to tax or regulatory constraints.
Options are not suitable for all investors and carry additional risks. Investors must ensure that they have read and understood the current options risk disclosure document before entering into any options transactions. In addition, investors should consult with a tax, legal, or financial advisor prior to contemplating any derivative transactions. The options risk disclosure document can be accessed here.
The information provided on the Website is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. All persons and entities accessing the Website do so on their own initiative and are responsible for compliance with applicable local laws and regulations.
The Website is operated from offices within the United States of America. Passaic does not represent that the information on the Website is appropriate or available for use in other locations. Access from certain locations may be strictly prohibited.
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The Materials on this Website are for information, education, and noncommercial purposes only. Although Passaic may provide data, information, and content relating to investment approaches and opportunities to buy or sell securities, you should not construe any such information or other content available through this Website as investment advice, or as legal or tax advice. You alone will bear the sole responsibility of evaluating the merits and risks associated with the use of any Materials on this Website before making any decisions based on such Materials. In exchange for using such Materials, you agree not to hold Passaic and its directors (trustees), officers, employees, or its third-party information providers liable for any possible claim for damages arising from any decision you make based on the Materials made available to you through this Website. By providing access to other websites, neither Passaic nor any of its affiliates is recommending the purchase or sale of securities issued by any company, nor are they endorsing services provided by any website's sponsoring organization.
Charts, graphs, and other visual presentations and text information were derived from internal, proprietary, or service vendor technology sources and may have been extracted from other firm data bases. As a result, the tabulation of certain reports may not precisely match other published data. Data may have originated from various sources.
Although Passaic has made every effort to ensure that the information contained within this Website is accurate, no representation or warranty (including liability towards third parties), expressed or implied, is made as to its accuracy, reliability or completeness by Passaic. This Website contains both current and historical publications. The information, views and content contained in these publications are current only as of the date indicated and are subject to change without notice.
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Data and other materials appearing on this Website that are provided by third parties are believed by Passaic to be obtained from reliable sources, but Passaic cannot guarantee and is not responsible for their accuracy, timeliness, completeness, or suitability for use. Passaic is not responsible for, and does not prepare, edit, or endorse, the content, advertising, products, or other materials on or available from any website owned or operated by a third party that is linked to this Website via hyperlink. The fact that Passaic has provided a link to a third party's website does not constitute an implicit or explicit endorsement, authorization, sponsorship, or affiliation by Passaic with respect to such web site, its owners, providers, or services. You use any such third-party content at your own risk.
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