This website is prepared by Craven Street Capital Limited. Craven Street Capital Limited is registered in England and Wales and is an Appointed Representative of Resolution Compliance Limited which is authorised and regulated by the Financial Conduct Authority (FRN: 574048). The website constitutes a financial promotion as defined by the Financial Conduct Authority and has accordingly been approved for distribution by Resolution Compliance Limited. The information in the website is not intended as financial advice and is intended for professional clients only with appropriate investment knowledge that Craven Street Capital Limited is satisfied meet the regulatory criteria to be a ‘Professional Client’ as defined under the Rules of the Financial Conduct Authority. Moreover, none of the website is intended as a prospectus within the meaning of the applicable laws of any jurisdiction and none of the presentation is directed to any person in any country in which the distribution of such report is unlawful. The website provides general information only. The information and opinions in the website constitute a judgment as at the date indicated and are subject to change without notice. The information may therefore not be accurate or current. The information and opinions contained in the website have been compiled or arrived at from sources believed to be reliable in good faith, but no representation or warranty, express, or implied, is made by Craven Street Capital Limited, as to their accuracy, completeness or correctness and Craven Street Capital Limited does also not warrant that the information is up to date. We accept no liability for any loss arising from the use of material presented in the website. The website has not been reviewed by, approved by or filed with the Financial Conduct Authority. The website or any portion hereof may not be reprinted, sold or redistributed without our prior written consent.