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MS PSAM Global Event UCITS Fund

MS PSAM Global Event UCITS Fund Strategy Overview

The MS PSAM Global Event UCITS Fund (the “Fund”) seeks to provide shareholders with access to a Global Event-Driven investment strategy (the “PSAM Investment Strategy”). The strategy seeks to achieve superior risk adjusted returns associated with exposure to the equity, debt and other securities (including, without limitation, convertible or preferred stock and bonds) of companies which, in the opinion of the Investment Manager, are mispriced relative to their inherent or embedded value. As Investment Manager, P. Schoenfeld Asset Management LP (“PSAM”) will also gain exposure to such securities through the use of financial derivative instruments in relation to such securities. PSAM further believes that the mispricings are generally attributable to a corporate action or corporate event including, but not limited to: merger activities, credit activities and special situation activities.

PSAM was founded in 1997 by Peter Schoenfeld who has over 30 years of experience managing global event driven portfolios. PSAM, which managed $2.2 billion of assets as of 01 July 2018, has offices in New York and London and has a long tenured and highly skilled team which has managed money through multiple market cycles (45 employees, including 22 investment professionals of which 4 Portfolio Managers and 1 Deputy Portfolio Manager). PSAM’s focus is on global event driven investments composed of both equity and credit instruments. PSAM’s international expertise uniquely positions itself to be able to achieve attractive absolute returns by investing in international consolidations, corporate restructurings, spin-offs and bankruptcies.

  • Focus on capital preservation: history of investing successfully through various market cycles
  • Acute focus on event opportunities
  • Experience investing throughout the capital structure and allocating among equity and credit investments: opportunistic approach provides the ability to source event driven investments across a variety of market conditions
  • Allocation amongst 3 buckets:
    • Merger Arbitrage
    • Special Situations
    • Distressed and Stressed Credit

Performance as of 14/02/2019

NAVMTDYTDLTD
1,357.58€0.86%1.64%35.76%
Loading

Past performance is not an indicator of future performance.

Details

Strategy
  • Global Event-Driven allocating across Merger Arbitrage, Credit Opportunities (e.g., Distressed and Stressed), Special Situations
Philosophy
  • Belief that the mispricings are generally attributable to a corporate action or corporate event including, but not limited to, mergers activities, credit activities and special situations activities
General Fund Guidelines
  • Low volatility, low correlation to equity and credit indices
  • Combine bottom up and top down analysis to create a portfolio with strong risk-reward dynamics
  • Number of positions : generally 50 to 80 situations
  • Risk tolerance: target maximum potential loss of 1.5% of capital per situation
Instruments & Geography
  • Exposure to a variety of equity and credit instruments
  • Up to 100% in the U.S., 75% in Europe and 20% in Asia

Fund Facts

Legal Structure:UCITS Irish OEIC
Umbrella Fund:FundLogic Alternatives PLC
Fund Manager:P. Schoenfeld Asset Management LP (PSAM)
Passporting:Approved in UK, Spain, Italy, Germany, France, Switzerland, Sweden, Austria, Singapore, Nertherlands, Finland, Norway, Belgium and Luxembourg
Base Currency:EUR
Other Currency Share Classes:USD, GBP
Liquidity:Weekly (every Friday that is a Business Day)
Dealing Deadline (Subscription):by 12 midday Irish time 3 Business Days prior to the relevant Dealing Day
Dealing Deadline (Redemption):by 12 midday Irish time 3 Business Days prior to the relevant Dealing Day
Settlement Date (Subscription):within 3 Business Days after the relevant Dealing Day
Settlement Date (Redemption):within 3 Business Days after the relevant Dealing Day

Key Professionals

Peter M. Schoenfeld
Founder, CEO and CIO

Mr. Schoenfeld is the Founder, Chief Executive Officer and Chief Investment Officer of the Investment Manager and the General Partner. He served as Vice Chairman of Schroder & Co. Inc. (together with its predecessors, including Wertheim & Co. Inc., “Schroder”) from 1989 to 1996 and as a Managing Director of Schroder from 1986 to 1989. During Mr. Schoenfeld’s career at Schroder, beginning in 1978, he managed proprietary trading activities and oversaw the arbitrage and convertible securities area, which included asset management for outside capital. Mr. Schoenfeld was also a member of Schroder’s Executive Committee and Risk Management Committee. Prior to joining Schroder, Mr. Schoenfeld managed the arbitrage department of White Weld & Co. for six years as First Vice President. He received a B.A. from New York University in 1966, an M.B.A. from New York University’s school of business in 1968, and pursued post-graduate studies at the school of business from 1969 to 1973. Mr. Schoenfeld is a Member of the Board of Overseers at New York University’s Stern School of Business.

Peter M. Faulkner
Portfolio Manager, Credit

Mr. Faulkner joined PSAM in 2002 and is currently a Portfolio Manager for Credit. Mr. Faulkner has been investing in the distressed securities and special situations arena since 1983. Prior to joining the firm, Mr. Faulkner worked for M.J. Whitman from 1994 to 2001 where he was a Senior Managing Director and Portfolio Manager. From 1992 to 1994, he was the Head of Distressed Debt Trading at Alex Brown & Sons. Mr. Faulkner began his career at Herzog, Heine Geduld/Mutual Shares in 1983. Mr. Faulkner is a graduate of Georgetown University’s School of Foreign Service and International Finance and Commerce.

Richard Bilotti
Portfolio Manager, Special Situations

Mr. Bilotti joined PSAM in July 2010. Prior to joining PSAM, Richard was a Managing Director with GSO Capital Partners where he focused on public and private investments in the media and telecom sectors. From 1994 to 2006 Mr. Bilotti worked at Morgan Stanley where he held positions as an equity research analyst, Executive Director and most recently Managing Director, focusing on the communications and entertainment industries. Mr. Bilotti also held positions at Prudential Bache Securities, L.F. Rothschild and Kidder, Peabody. Mr. Bilotti holds a BS in Economics from the Wharton School of the University of Pennsylvania.

Omar Sayed
Portfolio Manager, Asian and European Equity

Mr. Sayed joined PSAM’s London office in April 2011 and is currently a Portfolio Manager for Asian and European Equities. Prior to joining the firm, Mr. Sayed worked for Ramius LLC for 11 years, where he was most recently the portfolio manager responsible for Asian and European event driven investments. Mr. Sayed began his career in Ramius’ New York office as Head of Event Driven Research before moving to London in 2002 to research and manage European and Asian event driven investments. Mr. Sayed began his career in 1996 as an M&A analyst at BT Wolfensohn and then as a risk arbitrage research associate at Bankers Trust’s proprietary trading desk and an event driven research associate at Seneca Capital. Mr. Sayed received a B.A. in Economics and Political Science from Columbia College of Arts and Sciences and received departmental honors.

Rick Weber
Portfolio Manager, U.S. M&A

Mr. Weber joined PSAM in 2008 as Chief Risk Officer and is currently Portfolio Manager for U.S. M&A investments. Prior to joining PSAM, Mr. Weber was the Founder and Managing Principal at Buckeye Capital Partners, LP. Before that, Mr. Weber spent thirteen years at Angelo Gordon, where he was a Managing Director involved in distressed debt and merger investments. From 1985 to 1988, he served as a Senior Vice President at L.F. Rothschild, Inc in their Mergers and Acquisitions/High Yield Group as well as their Risk Arbitrage Group. He began his career at Cravath, Swaine & Moore as a corporate lawyer. Mr. Weber received his B.A. in economics from Stanford University and his J.D. from the University of Virginia Law School.

John McVeigh
Deputy Portfolio Manager of U.S. Merger Arbitrage

Mr. McVeigh joined  PSAM in June 2017. Prior to PSAM, Mr. McVeigh was a Managing Director at TIG Advisors, where his primary focus was on U.S. M&A situations. Prior to joining TIG Advisors, he spent five years at Bear, Stearns & Co. where he was an Associate Director in the Risk Arbitrage group. John began his career as an Investment  Banking Analyst at CIBC World Markets. Mr. McVeigh has a BA in Physics from Colgate University.

Philip Brown
Head of Credit Research

Mr. McVeigh joined  PSAM in June 2017. Prior to PSAM, Mr. McVeigh was a Managing Director at TIG Advisors, where his primary focus was on U.S. M&A situations. Prior to joining TIG Advisors, he spent five years at Bear, Stearns & Co. where he was an Associate Director in the Risk Arbitrage group. John began his career as an Investment  Banking Analyst at CIBC World Markets. Mr. McVeigh has a BA in Physics from Colgate University.

Fund Share Class Details

* Reference share classes used to report NAVs, Daily, MTD, YTD and LTD performances.
Includes 0.37% p.a. administration fee covering services providers, audit, passporting, KIID management costs and Risk Management responsibilities performed by Morgan Stanley International plc. 

Overview

MS PSAM Global Event UCITS Fund Strategy Overview

The MS PSAM Global Event UCITS Fund (the “Fund”) seeks to provide shareholders with access to a Global Event-Driven investment strategy (the “PSAM Investment Strategy”). The strategy seeks to achieve superior risk adjusted returns associated with exposure to the equity, debt and other securities (including, without limitation, convertible or preferred stock and bonds) of companies which, in the opinion of the Investment Manager, are mispriced relative to their inherent or embedded value. As Investment Manager, P. Schoenfeld Asset Management LP (“PSAM”) will also gain exposure to such securities through the use of financial derivative instruments in relation to such securities. PSAM further believes that the mispricings are generally attributable to a corporate action or corporate event including, but not limited to: merger activities, credit activities and special situation activities.

PSAM was founded in 1997 by Peter Schoenfeld who has over 30 years of experience managing global event driven portfolios. PSAM, which managed $2.2 billion of assets as of 01 July 2018, has offices in New York and London and has a long tenured and highly skilled team which has managed money through multiple market cycles (45 employees, including 22 investment professionals of which 4 Portfolio Managers and 1 Deputy Portfolio Manager). PSAM’s focus is on global event driven investments composed of both equity and credit instruments. PSAM’s international expertise uniquely positions itself to be able to achieve attractive absolute returns by investing in international consolidations, corporate restructurings, spin-offs and bankruptcies.

  • Focus on capital preservation: history of investing successfully through various market cycles
  • Acute focus on event opportunities
  • Experience investing throughout the capital structure and allocating among equity and credit investments: opportunistic approach provides the ability to source event driven investments across a variety of market conditions
  • Allocation amongst 3 buckets:
    • Merger Arbitrage
    • Special Situations
    • Distressed and Stressed Credit
Performance

Performance as of 14/02/2019

NAVMTDYTDLTD
1,357.58€0.86%1.64%35.76%
Loading

Past performance is not an indicator of future performance.

Details

Details

Strategy
  • Global Event-Driven allocating across Merger Arbitrage, Credit Opportunities (e.g., Distressed and Stressed), Special Situations
Philosophy
  • Belief that the mispricings are generally attributable to a corporate action or corporate event including, but not limited to, mergers activities, credit activities and special situations activities
General Fund Guidelines
  • Low volatility, low correlation to equity and credit indices
  • Combine bottom up and top down analysis to create a portfolio with strong risk-reward dynamics
  • Number of positions : generally 50 to 80 situations
  • Risk tolerance: target maximum potential loss of 1.5% of capital per situation
Instruments & Geography
  • Exposure to a variety of equity and credit instruments
  • Up to 100% in the U.S., 75% in Europe and 20% in Asia
Fund Facts

Fund Facts

Legal Structure:UCITS Irish OEIC
Umbrella Fund:FundLogic Alternatives PLC
Fund Manager:P. Schoenfeld Asset Management LP (PSAM)
Passporting:Approved in UK, Spain, Italy, Germany, France, Switzerland, Sweden, Austria, Singapore, Nertherlands, Finland, Norway, Belgium and Luxembourg
Base Currency:EUR
Other Currency Share Classes:USD, GBP
Liquidity:Weekly (every Friday that is a Business Day)
Dealing Deadline (Subscription):by 12 midday Irish time 3 Business Days prior to the relevant Dealing Day
Dealing Deadline (Redemption):by 12 midday Irish time 3 Business Days prior to the relevant Dealing Day
Settlement Date (Subscription):within 3 Business Days after the relevant Dealing Day
Settlement Date (Redemption):within 3 Business Days after the relevant Dealing Day
Key Professionals

Key Professionals

Peter M. Schoenfeld
Founder, CEO and CIO

Mr. Schoenfeld is the Founder, Chief Executive Officer and Chief Investment Officer of the Investment Manager and the General Partner. He served as Vice Chairman of Schroder & Co. Inc. (together with its predecessors, including Wertheim & Co. Inc., “Schroder”) from 1989 to 1996 and as a Managing Director of Schroder from 1986 to 1989. During Mr. Schoenfeld’s career at Schroder, beginning in 1978, he managed proprietary trading activities and oversaw the arbitrage and convertible securities area, which included asset management for outside capital. Mr. Schoenfeld was also a member of Schroder’s Executive Committee and Risk Management Committee. Prior to joining Schroder, Mr. Schoenfeld managed the arbitrage department of White Weld & Co. for six years as First Vice President. He received a B.A. from New York University in 1966, an M.B.A. from New York University’s school of business in 1968, and pursued post-graduate studies at the school of business from 1969 to 1973. Mr. Schoenfeld is a Member of the Board of Overseers at New York University’s Stern School of Business.

Peter M. Faulkner
Portfolio Manager, Credit

Mr. Faulkner joined PSAM in 2002 and is currently a Portfolio Manager for Credit. Mr. Faulkner has been investing in the distressed securities and special situations arena since 1983. Prior to joining the firm, Mr. Faulkner worked for M.J. Whitman from 1994 to 2001 where he was a Senior Managing Director and Portfolio Manager. From 1992 to 1994, he was the Head of Distressed Debt Trading at Alex Brown & Sons. Mr. Faulkner began his career at Herzog, Heine Geduld/Mutual Shares in 1983. Mr. Faulkner is a graduate of Georgetown University’s School of Foreign Service and International Finance and Commerce.

Richard Bilotti
Portfolio Manager, Special Situations

Mr. Bilotti joined PSAM in July 2010. Prior to joining PSAM, Richard was a Managing Director with GSO Capital Partners where he focused on public and private investments in the media and telecom sectors. From 1994 to 2006 Mr. Bilotti worked at Morgan Stanley where he held positions as an equity research analyst, Executive Director and most recently Managing Director, focusing on the communications and entertainment industries. Mr. Bilotti also held positions at Prudential Bache Securities, L.F. Rothschild and Kidder, Peabody. Mr. Bilotti holds a BS in Economics from the Wharton School of the University of Pennsylvania.

Omar Sayed
Portfolio Manager, Asian and European Equity

Mr. Sayed joined PSAM’s London office in April 2011 and is currently a Portfolio Manager for Asian and European Equities. Prior to joining the firm, Mr. Sayed worked for Ramius LLC for 11 years, where he was most recently the portfolio manager responsible for Asian and European event driven investments. Mr. Sayed began his career in Ramius’ New York office as Head of Event Driven Research before moving to London in 2002 to research and manage European and Asian event driven investments. Mr. Sayed began his career in 1996 as an M&A analyst at BT Wolfensohn and then as a risk arbitrage research associate at Bankers Trust’s proprietary trading desk and an event driven research associate at Seneca Capital. Mr. Sayed received a B.A. in Economics and Political Science from Columbia College of Arts and Sciences and received departmental honors.

Rick Weber
Portfolio Manager, U.S. M&A

Mr. Weber joined PSAM in 2008 as Chief Risk Officer and is currently Portfolio Manager for U.S. M&A investments. Prior to joining PSAM, Mr. Weber was the Founder and Managing Principal at Buckeye Capital Partners, LP. Before that, Mr. Weber spent thirteen years at Angelo Gordon, where he was a Managing Director involved in distressed debt and merger investments. From 1985 to 1988, he served as a Senior Vice President at L.F. Rothschild, Inc in their Mergers and Acquisitions/High Yield Group as well as their Risk Arbitrage Group. He began his career at Cravath, Swaine & Moore as a corporate lawyer. Mr. Weber received his B.A. in economics from Stanford University and his J.D. from the University of Virginia Law School.

John McVeigh
Deputy Portfolio Manager of U.S. Merger Arbitrage

Mr. McVeigh joined  PSAM in June 2017. Prior to PSAM, Mr. McVeigh was a Managing Director at TIG Advisors, where his primary focus was on U.S. M&A situations. Prior to joining TIG Advisors, he spent five years at Bear, Stearns & Co. where he was an Associate Director in the Risk Arbitrage group. John began his career as an Investment  Banking Analyst at CIBC World Markets. Mr. McVeigh has a BA in Physics from Colgate University.

Philip Brown
Head of Credit Research

Mr. McVeigh joined  PSAM in June 2017. Prior to PSAM, Mr. McVeigh was a Managing Director at TIG Advisors, where his primary focus was on U.S. M&A situations. Prior to joining TIG Advisors, he spent five years at Bear, Stearns & Co. where he was an Associate Director in the Risk Arbitrage group. John began his career as an Investment  Banking Analyst at CIBC World Markets. Mr. McVeigh has a BA in Physics from Colgate University.

Shares

Fund Share Class Details

* Reference share classes used to report NAVs, Daily, MTD, YTD and LTD performances.
Includes 0.37% p.a. administration fee covering services providers, audit, passporting, KIID management costs and Risk Management responsibilities performed by Morgan Stanley International plc. 

    Access to the products presented on this website may be subject to restrictions regarding certain investor profiles and / or countries. REMINDER OF COUNTRIES HAVING AUTHORIZED PASSPORTING Information about products described in this website is exclusively dedicated to sophisticated prospective, institutional or qualified investors in jurisdictions where distributing these products would not be contrary to local laws and regulations. Please find here below a list of the “Passporting” status of the products for which information is provided on this website:   NO OFFER None of the information contained in this website constitutes a solicitation or offer by Longchamp Asset Management or its affiliates (together “Longchamp Asset Management”) to buy or sell any securities, futures, options or other financial instruments or to participate in any other strategy. Information about products described in this website is exclusively dedicated to sophisticated prospective, professional clients or institutional or qualified investors in jurisdictions where distributing these products would not be contrary to local laws and regulations. Pricing and other information generated through the use of data made available herein may not reflect actual prices or values that would be available in the market at the time provided or at the time that the user may want to purchase or sell a particular security or other instrument. Information contained in the website does not constitute an offer to buy any securities in any jurisdiction in which such distribution or offer is not authorized or where they are not available for distribution in the jurisdiction of the reader of this information. In particular, the information in the Website is not for distribution in the United States. SELLING RESTRICTIONS No offering of the products described on this website, or possession or distribution of any offering material in relation thereto, is permitted in any jurisdiction unless in compliance with all applicable laws, regulations, codes, directives, orders and/or regulatory requirements, rules and guidance in force. The products described in this website may be subject to restrictions with regard to (i) persons or (ii) countries under national regulations. As a visitor of this website, it is your responsibility to be aware of and to respect all applicable laws and regulations. The visitor of this website should make its own assessment to invest into any product presented in this website. Any securities referred to on this website, or any offering material in relation thereto, will not be registered under the Securities Act. This Website is not directed to persons who are residents of the United States or to any country where the FundLogic Funds are not authorised for distribution or in which the dissemination of information regarding the FundLogic Funds on the World Wide Web is not permitted. The products described on this website may not be offered, sold, transferred or delivered directly or indirectly in the United States to, or for the account or benefit of, any U.S. Person (as defined in Regulation S under the Securities Act). Should an Internet Protocol resolution search indicate that your access to this website is coming from the United States, it is therefore subject to certain restrictions. The securities on this website have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered, sold or delivered within the United States or to or for the account of U.S persons. Please contact us, should you evaluate this information is incorrect, and for any further information request. Longchamp Asset Management Email : ir@longchamp-am.com Tel : +33 1 71 70 40 30 The information contained in the website is for information purposes only and is not an offer (or solicitation of an offer) to buy/sell or borrow/lend the securities mentioned or to participate in any particular trading strategy. By clicking this box, I expressly acknowledge and confirm that I am not a U.S. Person (as defined in Regulation S of the U.S. Securities Act of 1933, as amended), nor am I acting on behalf of a U.S. Person. OFFERING CIRCULAR OR PROSPECTUS An offering circular or prospectus (the “Offering Documents”) referring to a specific product will be available on this website. Potential investors should base any investment decision they make solely on the basis of information contained in the Offering Documents and should read the information contained therein carefully, in particular the description of risk factors associated with any structured products. The products described on this website have been issued by Longchamp Asset Management or third party issuers. All information on this website and the Offering Documents with respect to any third party entity not affiliated with Longchamp Asset Management has been provided by, and is the sole responsibility of, such third party and has not been independently verified by Longchamp Asset Management or any other independent third party and Longchamp Asset Management accepts no liability for such information. NO INVESTMENT ADVICE Information made available on this website should not be considered as investment advice or any form of personal recommendation to purchase products described thereon. Users should consult their independent financial or other applicable advisor(s) before investing in the products described on this website. HISTORICAL PERFORMANCE Past performance information contained on this website is not indicative of future results. INDICATIVE PRICES All prices or values are indicative only, and may vary significantly from executable prices or from prices obtained from elsewhere. Price and availability of the securities are subject to change without notice. USE OF LINKS This website contains links to third party websites. These links are provided only as a convenience. The inclusion of any link is not and does not imply an affiliation, sponsorship, endorsement, approval, investigation, verification or monitoring by Longchamp Asset Management of any information contained in any third party website. In no event shall Longchamp Asset Management be responsible for the information contained on that site or your use of or inability to use such site. You should also be aware that the terms and conditions of such site and the site’s privacy policy may be different from those applicable to your use of this website. LIMITATION OF LIABILITY Neither Longchamp Asset Management, nor any of its affiliates, directors, officers or employees, will be liable or have any responsibility of any kind for any loss or damage that you incur in the event of any failure or interruption of this website, or resulting from interception by third parties of any information or services made available to you via this website or the act or omission of any other party involved in making this website, the data contained herein or the products or services offered on this website available to you, or from any other cause relating to your access to, inability to access, or use of the website or these materials, whether or not the circumstances giving rise to such cause may have been within the control of Longchamp Asset Management. Neither Longchamp Asset Management, nor any of its affiliates, directors, officers or employees, will be liable or have any responsibility of any kind for any loss or damage that you incur if you use a link to this site. Longchamp Asset Management shall prohibit anyone from creating such a link without its prior express authorization. In no event will Longchamp Asset Management or any such parties be liable to you, whether in contract or tort, for any direct, special, indirect, consequential or incidental damages or any other damages of any kind even if Longchamp Asset Management or any other such party has been advised of the possibility thereof. This limitation on liability includes, but is not limited to, the transmission of any viruses which may infect a user’s equipment, failure of mechanical or electronic equipment or communication lines, telephone or other interconnect problems (e.g., you cannot access your internet service provider), unauthorized access, theft, operator errors, strikes or other labor problems or any force majeure.

    To continue your navigation, please select your investor type:

    Institutional Investor

    Private Investor


    By clicking “Accept” you confirm that (i) you do not have your legal residence in the United States, (ii) you are not a U.S.-Person; (iii) you have been informed of the countries where the products have been passported, (iv) and that you have read the Terms of Use above and agree with them.

    Access to the products presented on this website may be subject to restrictions regarding certain investor profiles and / or countries. REMINDER OF COUNTRIES HAVING AUTHORIZED PASSPORTING Information about products described in this website is exclusively dedicated to sophisticated prospective, institutional or qualified investors in jurisdictions where distributing these products would not be contrary to local laws and regulations. Please find here below a list of the “Passporting” status of the products for which information is provided on this website:   NO OFFER None of the information contained in this website constitutes a solicitation or offer by Longchamp Asset Management or its affiliates (together “Longchamp Asset Management”) to buy or sell any securities, futures, options or other financial instruments or to participate in any other strategy. Information about products described in this website is exclusively dedicated to sophisticated prospective, professional clients or institutional or qualified investors in jurisdictions where distributing these products would not be contrary to local laws and regulations. Pricing and other information generated through the use of data made available herein may not reflect actual prices or values that would be available in the market at the time provided or at the time that the user may want to purchase or sell a particular security or other instrument. Information contained in the website does not constitute an offer to buy any securities in any jurisdiction in which such distribution or offer is not authorized or where they are not available for distribution in the jurisdiction of the reader of this information. In particular, the information in the Website is not for distribution in the United States. SELLING RESTRICTIONS No offering of the products described on this website, or possession or distribution of any offering material in relation thereto, is permitted in any jurisdiction unless in compliance with all applicable laws, regulations, codes, directives, orders and/or regulatory requirements, rules and guidance in force. The products described in this website may be subject to restrictions with regard to (i) persons or (ii) countries under national regulations. As a visitor of this website, it is your responsibility to be aware of and to respect all applicable laws and regulations. The visitor of this website should make its own assessment to invest into any product presented in this website. Any securities referred to on this website, or any offering material in relation thereto, will not be registered under the Securities Act. This Website is not directed to persons who are residents of the United States or to any country where the FundLogic Funds are not authorised for distribution or in which the dissemination of information regarding the FundLogic Funds on the World Wide Web is not permitted. The products described on this website may not be offered, sold, transferred or delivered directly or indirectly in the United States to, or for the account or benefit of, any U.S. Person (as defined in Regulation S under the Securities Act). Should an Internet Protocol resolution search indicate that your access to this website is coming from the United States, it is therefore subject to certain restrictions. The securities on this website have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered, sold or delivered within the United States or to or for the account of U.S persons. Please contact us, should you evaluate this information is incorrect, and for any further information request. Longchamp Asset Management Email : ir@longchamp-am.com Tel : +33 1 71 70 40 30 The information contained in the website is for information purposes only and is not an offer (or solicitation of an offer) to buy/sell or borrow/lend the securities mentioned or to participate in any particular trading strategy. By clicking this box, I expressly acknowledge and confirm that I am not a U.S. Person (as defined in Regulation S of the U.S. Securities Act of 1933, as amended), nor am I acting on behalf of a U.S. Person. OFFERING CIRCULAR OR PROSPECTUS An offering circular or prospectus (the “Offering Documents”) referring to a specific product will be available on this website. Potential investors should base any investment decision they make solely on the basis of information contained in the Offering Documents and should read the information contained therein carefully, in particular the description of risk factors associated with any structured products. The products described on this website have been issued by Longchamp Asset Management or third party issuers. All information on this website and the Offering Documents with respect to any third party entity not affiliated with Longchamp Asset Management has been provided by, and is the sole responsibility of, such third party and has not been independently verified by Longchamp Asset Management or any other independent third party and Longchamp Asset Management accepts no liability for such information. NO INVESTMENT ADVICE Information made available on this website should not be considered as investment advice or any form of personal recommendation to purchase products described thereon. Users should consult their independent financial or other applicable advisor(s) before investing in the products described on this website. HISTORICAL PERFORMANCE Past performance information contained on this website is not indicative of future results. INDICATIVE PRICES All prices or values are indicative only, and may vary significantly from executable prices or from prices obtained from elsewhere. Price and availability of the securities are subject to change without notice. USE OF LINKS This website contains links to third party websites. These links are provided only as a convenience. The inclusion of any link is not and does not imply an affiliation, sponsorship, endorsement, approval, investigation, verification or monitoring by Longchamp Asset Management of any information contained in any third party website. In no event shall Longchamp Asset Management be responsible for the information contained on that site or your use of or inability to use such site. You should also be aware that the terms and conditions of such site and the site’s privacy policy may be different from those applicable to your use of this website. LIMITATION OF LIABILITY Neither Longchamp Asset Management, nor any of its affiliates, directors, officers or employees, will be liable or have any responsibility of any kind for any loss or damage that you incur in the event of any failure or interruption of this website, or resulting from interception by third parties of any information or services made available to you via this website or the act or omission of any other party involved in making this website, the data contained herein or the products or services offered on this website available to you, or from any other cause relating to your access to, inability to access, or use of the website or these materials, whether or not the circumstances giving rise to such cause may have been within the control of Longchamp Asset Management. Neither Longchamp Asset Management, nor any of its affiliates, directors, officers or employees, will be liable or have any responsibility of any kind for any loss or damage that you incur if you use a link to this site. Longchamp Asset Management shall prohibit anyone from creating such a link without its prior express authorization. In no event will Longchamp Asset Management or any such parties be liable to you, whether in contract or tort, for any direct, special, indirect, consequential or incidental damages or any other damages of any kind even if Longchamp Asset Management or any other such party has been advised of the possibility thereof. This limitation on liability includes, but is not limited to, the transmission of any viruses which may infect a user’s equipment, failure of mechanical or electronic equipment or communication lines, telephone or other interconnect problems (e.g., you cannot access your internet service provider), unauthorized access, theft, operator errors, strikes or other labor problems or any force majeure.

    To continue your navigation, please select your investor type:

    Institutional Investor

    Private Investor


    By clicking “Accept” you confirm that (i) you do not have your legal residence in the United States, (ii) you are not a U.S.-Person; (iii) you have been informed of the countries where the products have been passported, (iv) and that you have read the Terms of Use above and agree with them.

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