Dexion Capital plc (“Dexion Capital”) is authorised and regulated by the Financial Conduct Authority (“FCA”) and provides certain investment services including broker dealer and advisory services in the United Kingdom and certain E.U. and other non-U.S. jurisdictions.
Certain parts of the Dexion Capital website (each a “Subsite” and together with the Dexion Capital website, the “Site”) relate to Dexion Absolute Limited, DCG IRIS Limited, Dexion Equity Alternative Limited (in voluntary liquidation) and Dexion Trading Limited (in voluntary liquidation) (each a “Fund”), which are associated with Dexion Capital and all of which are Guernsey incorporated limited liability companies whose shares are traded on the London Stock Exchange. It is solely Dexion Capital, which is, to the extent set out below, responsible for the content of this Site. None of the Funds accepts any liability for this Site or its content. Dexion Capital and/or its associates may act as investment manager, investment adviser, investment consultant, administrator or otherwise for any of the Funds and may receive remuneration (including remuneration based on the performance of the Funds and/or their assets) for doing so. You must read the following information for your own protection and benefit. It explains certain legal and regulatory restrictions which apply to this Site and the investments and investment activities referred to in it. When you have read the following information, please tick the appropriate boxes below to acknowledge that you have read and understood the information and to proceed to the main part of this Site.
Set out below is certain information relating to specific jurisdictions and certain matters and/or requirements relating to access and/or use of the Site and/or the Subsite and/or the Material by persons resident in and/or accessing from such jurisdictions. You may not use or view the Site, the Subsite and/or the Material unless the jurisdiction in which you are resident and from which you are accessing the Site and/or the Subsite is listed below and you fulfill the requirements for access listed in your particular jurisdiction.
All the material on this Site, including portfolio construction information, net asset values, share price performance information and performance reports (the “Material”) has been prepared for information purposes only without regard to any particular user’s investment objectives, financial situation, needs or means, and neither Dexion Capital nor any of the Funds is soliciting any action based upon such Material. The Material is not to be construed or relied upon as a recommendation or statement of opinion; or an advertisement; or an offer to buy or sell; or the solicitation of, or an inducement to, an offer to buy or sell any security, financial product, or instrument; or to participate in any particular trading strategy in any jurisdiction.
The content of this Site does not constitute business, financial, investment, hedging, trading, legal, regulatory, tax or accounting advice or services and as such, you should not make this Site or the Material the basis for any investment decisions made by or on behalf of you, your accountants, or your managed or fiduciary accounts, and you are advised to consult your business, tax, accounting and legal advisers concerning any contemplated transactions.
The Material is based on information which is otherwise publicly available and whilst the Material is based upon information that Dexion Capital in its reasonable opinion considers reliable and endeavours to keep current, neither Dexion Capital nor any of the Funds has verified this information and neither Dexion Capital nor any of the Funds represents that the Material is accurate, current, or complete and the Material should not be relied upon as such. Neither Dexion Capital nor any of the Funds will have any responsibility to maintain the Material or to supply any corrections, updates or releases concerning the Material. By accessing this Site, you expressly acknowledge and agree that the Material provided to you is on an “as is” basis, used at your sole risk and shall not be relied on by you.
The net asset values for the Funds have been prepared in good faith by the administrators of the Funds, but may subsequently prove to be materially inaccurate and should not be relied upon for any purpose. They are based on the net asset values of the Master Funds into which each Fund is invested (prepared by the master funds’ administrators) and, for Dexion Absolute Ltd, during that Fund’s transition to becoming fully a feeder fund into its master fund, the net asset values of the direct hedge fund investments (prepared by the administrators of the hedge funds). For Dexion Absolute Limited and Dexion Trading Limited (in voluntary liquidation), the net asset values of the master funds are based on the net asset values of the Master Funds’ hedge fund investments (prepared by the administrators of the hedge funds).
The valuations of securities or other assets held by the Funds, directly or indirectly, may be estimated or final, and the securities or other assets may not have a readily ascertainable market price or may otherwise be difficult to value. Each of the Funds’, master funds’ or hedge funds’ administrators (the “Administrators”) may not have determined valuations on a timely or current basis. In order to arrive at a net asset value, the Administrators use the latest available valuations. Valuations may be unaudited or subject to little verification or other due diligence and may not comply with generally accepted accounting practices or other valuation principles. Such valuations may relate to a date before the net asset value date of the relevant Fund, Master Fund or hedge fund. The net asset value performance of a Fund may not be indicative of how such Fund’s investments may perform in the future. Moreover, the valuation of securities or other assets may fluctuate considerably and the historic net asset values shown for the Funds take no account of the costs of realising some or all securities or other assets. More generally, historic information on the Site may no longer be of relevance.
In addition, Dexion Capital will generally not have sufficient information to be able to confirm or review the completeness, genuineness or accuracy of the net asset values of the Funds.
As a result, the actual values of a Fund’s assets may be materially different from published estimated values.
Any information relating to a Fund’s portfolio composition is subject to change without notice.
Past performance is no guide to future returns. The value of shares in a Fund and the income from them, if any, may fall as well as rise. Investing in a Fund involves certain risks, including risks in relation to that Fund, its shares and the underlying funds and the strategies those funds employ. Because the return and principal value of an investment in a Fund will fluctuate with changes in market conditions, changes in rates of exchange between currencies, an investor’s shares, when disposed of, may be worth more or less than their original cost. Investors may also incur a sales charge when purchasing shares, as a result of which, in the absence of investment returns, investors will not get back the amount invested.
There are significant risks associated with an investment in any Fund. An investment in any Fund may not be suitable for all investors. It is intended for sophisticated or sufficiently experienced investors who can accept the risks associated with such an investment including a substantial or complete loss of their investment. There can be no assurance that any of the Funds will achieve their corporate objectives. Each prospective investor should carefully consider the risks associated with an investment in any Fund and make all such independent investigations and enquiries as they deem necessary or appropriate before deciding to invest.
Neither Dexion Capital nor any Manager or Advisor nor any of the Funds shall have any liability to you for any loss or damage which may arise directly or indirectly from any reliance on the Material save in the circumstances where such exclusion or restriction of liability would be expressly prohibited by the rules of the FCA or any other applicable laws or regulations in England and Wales or other relevant jurisdiction.
If your jurisdiction of residence is not listed in the list of countries set out below or if you do not fulfill the requirements in respect of that jurisdiction referred to above, it is not intended for your use and you are not entitled to view this Site.
The Material is not intended for U.S. Persons. No offering of any investments or investment activities or services referred to in this Site is being made in the United States via this Site.
The Site and the Material are not intended for Irish residents and no offering of any investments or investment activities or services referred to in this Site is being made in Ireland via this Site. Neither Dexion Capital nor any of the Funds is supervised or authorised by the Financial Regulator in Ireland. Dexion Capital is incorporated in England and is authorised and regulated by the UK Financial Conduct Authority. Each of the Funds is incorporated in Guernsey and is supervised by the Guernsey Financial Services Commission.
Neither Dexion Capital nor any of the Funds will be liable for any access to the Site in breach of the access criteria.