Terms & Conditions

Please read the following terms of use carefully.

References to ‘you’ or ‘your’ are references to any person accessing this website (the ‘Site’). References to ‘we’, ‘us’ or ‘our’ are references to TwentyFour Asset Management LLP. References to ‘TwentyFour Group’ are references to us and any companies we totally or partly own at any time.

Site Terms

These terms govern your use of this Site and by accessing this Site you agree to be bound by them.

Use of the site

We may in our sole discretion terminate your access to or use of this Site for any reason, including without limitation where we believe that you have not acted in accordance with the terms and conditions of this Site.

Copyright, all rights reserved

The entire content of this Site is subject to copyright with all rights reserved. You may not reproduce or download (all or in part), transmit or modify the Site without our prior permission.

Third Party Products and Services

Where we provide hypertext links to third party internet web-sites, such links are not an endorsement by us of any products or services in such web-sites. You use such links entirely at your own risk and we accept no responsibility or liability for the content, use or availability of such web sites. We have not verified the truth or accuracy of any content of such web-sites.

This Site may also contain some material provided by third parties and we accept no responsibility or liability for the accuracy of such material.

No third party is permitted to link any other web-site to this Site without obtaining our prior written consent.

No Offer

Nothing on this Site should be construed as a solicitation or offer, or recommendation, to acquire or dispose of any investment or to engage in any other transaction, or to provide any investment advice or service. The price and value of the investments referred to herein may fluctuate. Past performance is not a guide to future performance and future returns are not guaranteed.

No Warranty

Although we have taken all reasonable care to ensure that the information provided on this Site is accurate, we give no warranties of any kind, express or implied, with regard to the accuracy, timeliness or completeness of any such information.

Opinions and any other contents at the Site are provided by us for personal use and informational purposes only and are subject to change without notice.

Nothing contained on the Site constitutes investment, legal, tax or other advice and is not to be relied on in making an investment or other decision. You should obtain relevant and specific professional advice before making any investment decision.

No Liability

We will accept no liability in any event including (without limitation) negligence for any damages or loss of any kind, including (without limitation) direct, indirect, incidental, special or consequential damages, expenses or losses arising out of, or in connection with your use or inability to use the Site, or in connection with any error, omission, defect, computer virus or system failure, or loss of any profit, goodwill or reputation, even if expressly advised of the possibility of such loss or damages, arising out of or in connection with the access of, use of, performance of, browsing in or linking to other sites from this Site.

We do not exclude our duties or liabilities under the Financial Services and Markets Act 2000.

We reserve the right to modify, suspend or discontinue, temporarily or permanently, the Site or any part of it, with or without notice, at any time. You agree that we shall not be liable to you or to any third party for any such modification, suspension or discontinuance of the Site.

Governing Law

English law governs these terms and conditions and you agree that the English Courts shall have exclusive jurisdiction to determine any matter or dispute in connection with or arising out of this Site and these terms and conditions.

This Site is designed for use in the UK and is not directed to, nor intended for distribution or use by, any person or entity in any jurisdiction or country where the publication or availability of this Site or such distribution or use would be contrary to local law or regulation. If you choose to access information on this Site, it is your responsibility to comply with the applicable local, national or international laws and any use of this Site outside the UK is entirely at your own risk. For guidance relating to your specific situation, please contact your legal adviser.

The products and services represented within this Site are intended for UK institutional investors/ eligible counterparties only.

Welcome to TwentyFour Asset Management LLP, an active asset manager in the fixed income market.

This website is intended solely for the use of professional investors and/or eligible counterparties and is not for general public distribution. If you are not a professional investor or eligible counterparty you should not view or seek to rely on any information contained in this website and should contact your financial adviser.

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Terms & Conditions

Special Legal Information regarding the Investment Funds / Special Terms and Conditions of Use.

You must read the following information before proceeding. It provides information on some of the laws and regulations applicable to this website. If you do not understand or accept all provisions of the “Special Terms and Conditions of Use”, we kindly request for you to leave the TwentyFour AM website.

This website is directed exclusively at persons who are professional clients or eligible counterparties for the purposes of the handbook of rules and guidance issued from time to time by the FCA. ‘Professional clients’ are typically institutional investors, such as banks, insurance companies, pension funds and managers, collective investment schemes, local authorities, IFAs and large companies. Occasionally TwentyFour AM may be willing to treat an individual as an ‘elective’ professional client, where they have sufficient expertise, experience and knowledge, although where this is the case, it will be explicitly agreed between the relevant client and TwentyFour AM in writing. For the avoidance of doubt, any other individuals should consider themselves to be ‘retail clients’ and therefore should not view or seek to rely on any information contained in this website.

This website may contain information or documents which constitute a financial promotion for the purposes of the Financial Services and Markets Act 2000 and the FCA Rules.

TwentyFour AM neither provides investment advice to, nor receives and transmits orders from, investors in the Funds nor does it carry on any other activities with or for such investors that constitute “MiFID or equivalent third country business” for the purposes of the FCA Rules.

This website is reserved exclusively for non-US persons and should not be accessed by any person in the United States. In case of doubt, please see the end of this document for a definition of “US Person”.

This website is not intended to constitute, and should not be construed as, investment advice. Potential investors in the Funds should seek their own independent financial advice. This website has been provided for informational purposes only and may not be relied upon by you in evaluating the merits of investing in any securities or interests referred to on this website. This website is not intended as and is not to be taken as an offer or solicitation with respect to the purchase or sale of any security or interest, nor does it constitute an offer or solicitation in any jurisdiction, including those in which such an offer or solicitation is not authorised or to any person to whom it is unlawful to make such a solicitation or offer. Any decision to purchase securities or interests with respect to any of the Funds described on this website must be based solely upon the information contained in the Prospectus or Private Placement Memorandum for that Fund, including any supplements thereto, which must be received and reviewed prior to any investment decision. Any person subscribing for an investment must be able to bear the risks involved and must meet the suitability requirements relating to such investments. Some or all alternative investment programmes may not be suitable for certain investors.

Although the information in this website is believed to be materially correct, no representation or warranty is given as to the accuracy of any of the information provided. Certain information included in this website is based on information obtained from sources considered to be reliable. However, any projections or analysis provided to assist the recipient of this website in evaluating the matters described on this website may be based on subjective assessments and assumptions and may use one among alternative methodologies that produce different results. Accordingly, any projections or analysis should not be viewed as factual and should not be relied upon as an accurate prediction of future results. Furthermore, to the extent permitted by law, neither the Funds nor any of their agents, service providers or professional advisers assumes any liability or responsibility nor owes any duty of care for any consequences of any person acting or refraining to act in reliance on the information contained in this website or for any decision based on it.

Past performance is not a guide to future performance. The actual performance realised by any given investor will depend on, amongst other things, the Fund invested into, the class of shares/interests subscribed for, the period during which such shares/interests are held and in what currency such shares/interests are held. This website may include returns for various indices. These indices are not intended to be direct benchmarks for a particular Fund, nor are they intended to be indicative of the type of assets in which a particular Fund may invest. The assets invested in by the Funds will likely be materially different from the assets underlying these indices, and will likely have a significantly different risk profile.

Details of the specific and general risks associated with each Fund are contained within the Prospectus and the Simplified Prospectus of the Fund. Among the risks we wish to call to the particular attention of prospective investors are the following:

  1. past performance is not a guide to future performance;
  2. the value of an investment and any income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested;
  3. in order to offer a higher yield, a proportion of a Fund may be invested in higher risk securities that may increase the risk to your capital;
  4. in order to offer a higher yield, a proportion of a Fund may be invested in higher risk securities that may increase the risk to your capital;
  5. investments in fixed interest securities and bonds are subject to credit and market risk;
  6. the value of the underlying assets and therefore the value of shares in any Fund will be impacted by fluctuations in interest rates and the perceived credit risk of an issuer;
  7. investments may be concentrated in any one country, sector or issuer;
  8. a Fund may have a significant exposure to high yield bonds, emerging market bonds or non investment grade or unrated bonds at any time;
  9. non-investment grade bonds may increase the risk to capital;
  10. derivatives may be used to achieve Fund objectives and allocations may vary significantly over time;
  11. the yield or the capital value of a Fund (or both) can fluctuate and investors may not get back their original investment;
  12. in the case of any new Funds, there is a risk that if the anticipated size of the Fund is not achieved, the proportion of charges and expenses allocated to the investment may be higher and the value of the investment consequently reduced;
  13. investments in foreign markets are subject to special currency, political and economic risks;
  14. exchange rates may cause the value of underlying overseas investments to go down or up; and
  15. investments in emerging markets may be more volatile than other markets and the risk to capital is therefore greater; additionally, the economic and political situations may be more volatile than in established economies which may adversely influence the value of investments made.

You should be aware that the internet is not a completely reliable transmission medium. We shall not have any liability for any data transmission errors such as data loss or damage or alteration of any kind, including, but not limited to, any direct, indirect or consequential damage, arising out of the use of the services provided herein.

Messages that you send to us by e-mail may not be secure. We recommend that you do not send any confidential information to us by e-mail. If you choose to send any confidential information to us via e-mail you do so at your own risk with the knowledge that a third party may intercept this information. Instructions sent by you via e-mail and to the Site are processed exclusively at your risk.

If you are unsure about the meaning of any information provided on this website, then please consult your financial or other professional adviser. We do not offer investment advice.

Otherwise than as specifically set out, the information on this website must in no circumstances be copied, reproduced or redistributed in whole or in part. You may download or print copies of some of the documentation contained on this website for your own private use only, provided that you do not change any copyright, trademark or other proprietary notices. All intellectual and other property information contained in this website shall continue to be held by us and no rights of any kind in it shall pass to you.

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