Website Disclosures:  Nothing on this web site should be considered a solicitation to buy or an offer to sell shares of any mutual fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction. The use of the Tannin Capital, LLC web site www.tannin.com, tannincapital.com, or any affiliated www.tannin.com website link is at your own risk. Tannin Capital, LLC is provided on an "as is" and "as available" basis. Tannin Capital, LLC makes no warranty that www.tannin.com, nor its links will be uninterrupted, timely, secure or error free.

This web site is published solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. References made to third parties are based on information obtained from sources believed to be reliable but are not guaranteed as being accurate. Visitors should not regard it as a substitute for the exercise of their own judgment. Any opinions expressed in this site are subject to change without notice Tannin Capital, LLC is not under any obligation to update or keep current the information contained herein. Tannin Capital, LLC accepts no liability whatsoever for any loss or damage of any kind arising out of the use of all or any part of this material. Our comments are an expression of opinion. While we believe our statements to be true, they always depend on the reliability of our own credible sources. We recommend that you consult with a licensed, qualified investment advisor before making any investment decisions.

Trademarks and Service Marks herein are their owners' property. Third-party data providers make no warranties or representations of the accuracy, completeness, or timeliness of their data and shall not have liability for any damages relating to such data. This report or portions of it may not be reprinted, sold or redistributed without the written consent of Tannin Capital, LLC. Additional information on recommended securities is available on request.

Diversification does not ensure a profit or guarantee against a loss.  There is no assurance that any investment strategy will be successful.  Investing involves risk and you may incur a profit or a loss.  Please carefully consider investment objectives, risks, charges, and expenses before investing.  Characteristics & Risks of Standardized Options link:  https://www.theocc.com/about/publications/character-risks.jsp

Advertisements and Links to Other Websites:  Any link (including a hyperlink, button or referral device of any kind) used on this website are provided for your use and convenience. The appearance of a link on the website does not constitute an endorsement, recommendation or certification by us, nor should the presence of a link in any way be construed as a suggestion that any third-party website has any relationship with us. We do not endorse the content on any third-party websites. We are not responsible for the content of linked third-party websites or third-party advertisements, and do not make any representations regarding their content or accuracy. We do not knowingly link to websites that may infringe on valid and existing trademarks, service marks, copyrights or patents. Your use of third-party websites is at your own risk and subject to the terms and conditions of use for such websites. We do not endorse any product that may be advertised on the website.

The information on this site is intended for informational purposes only and does not constitute, and should not be construed as, professional, legal or tax advice. To determine your individual tax or legal situation and specific needs, please consult a professional tax advisor.

This communication, website, and the information it contains should not be interpreted as an offer by the Firm to provide investment advisory services.

Contact:  Thank you for your inquiry.  Please note, Tannin Capital, LLC does not accept account related orders via email or voicemail, nor through this portal.  Investing involves risk and past performance is no guarantee of future results.  The information on this site is for informational purposes.  Certain strategies are only available to accredited investors. Please contact your financial advisor directly.

GIPS® Firm Definition

Tannin Capital, LLC ("Tannin") is a registered investment adviser with United States Securities and Exchange Commission in accordance with the Investment Advisers Act of 1940.

Tannin first claimed compliance with the GIPS standards on 10/17/2017 from the inception of the firm through present. The inception of the firm was 4/28/2017. Returns presented prior to this date are linked to the firm’s ongoing returns based on the portability requirements of the GIPS standards.

Tannin reviews a total firm AUM report broken out by account prior to updating the AUM reported on any compliant presentation to ensure that only actual assets managed by the firm are included.  All accounts deemed to be advisory only or hypothetical are excluded from total firm AUM.

Tannin Capital, LLC claims compliance with the Global Investment Performance Standards (GIPS®).

To receive a GIPS compliance presentation and / or our firm's list of composite descriptions please email your request to [email protected]

GIPS® is a registered trademark owned by CFA Institute.

cfainstitute.org

This communication and the information contained should not be interpreted as an offer by the Firm to provide investment advisory services.

Past performance is not indicative of future results.  

Actual returns will be reduced by investment advisory fees and other expenses that may be incurred in the management of the account; including, but not limited to, your financial advisor's wealth management fees and Tannin Capital's investment management and / or investment management sub-advisory fees.  As an example, the effect of wealth management and / or investment management fees on the total value of a client’s portfolio assuming (a) quarterly fee assessment, (b) $1,000,000 investment, (c) portfolio return of 8% a year, and (d) 1.00% annual advisory fee would be $10,416 in the first year, and cumulative effects of $59,816 over five years and $143,430 over ten years. Returns presented include the reinvestment of all income such as dividends and other earnings.  Important performance-related disclosures, such as net risk-adjusted returns versus an appropriate benchmark for a given strategy for example, are available upon request through your financial advisor.

Material market or economic conditions, including the evolving Covid-19 pandemic which resulted in aggressive monetary and fiscal stimulus in 2019 and 2020 that supported a material out-performance effect on certain strategy results with more exposure to technology stocks or new corporate debt issuance and an underweight in the energy sector in 2020.  These conditions may or may not persist and may potentially reverse, as we saw with the rebound in energy prices and higher consumer prices in 2021, for example, which has prompted the Federal Reserve to significantly tighten monetary policy in 2022.  The Federal Reserve’s policy outlook for 2023 may result in further tightening to reduce persistent inflationary pressures; although, a slower pace of tightening as the Fed balances unemployment and becomes more data dependent, may result in material differences, higher or lower, in performance and volatility at any time and in any given strategy, sector or sub-sector. 

This communication and the information contained should not be interpreted as an offer by the Firm to provide investment advisory services.