To enter Fenice website you must accept the following disclaimer:

Disclaimers

The present website is provided by Fenice GP, the management company of Fenice SICAV SIF, an investment fund incorporated in Luxembourg.
Nothing on this website should be construed as an offer or solicitation or a recommendation to invest in Fenice or in any other product or to dispose of your interests therein nor to engage in any transaction in relation thereto. By accepting the present terms of use, you acknowledge that you are not in a jurisdiction where there are any restrictions on the distribution of information such as that on this site, for example the US or Canada. Indeed, the SICAV is in particular not open to investment by US or Canada persons. Should you not agree with any of the provisions contained in the present disclaimer, you must discontinue from using this website.

Liability

The content posted on this website is for informational purposes only, and aims to provide you with a general overview of Fenice’s activities. It does not in any way constitute advice on investments. Fenice aim is to keep the information on this website timely and accurate and if errors are bought to its attention, it will try to correct them. However, although Fenice reviews the content of the website from time to time, it cannot constantly monitor such content and it makes no warranties of any kind regarding the content of the website, including the accuracy, exhaustiveness, timeliness, availability and reliability of content. It may also not be held liable for any loss or damage of any kind whatsoever (including without limitation indirect or consequential loss or damage) arising out of or in connection with the access of, use of or browsing in the website. Should you choose to rely on such information, you shall do so at your own risk. Opinions, even formulated as mathematical calculations, are opinions only and do not warranty any usefulness. Users should always look out for statistical black swans as past history is not a guarantee of continuation or reliability in the present or future. Before making any investment in products such as those referred to on the website, you should seek professional advice from your financial advisor.

Targeted investors

Although the present website is for informational purposes only and does not constitute an offer or solicitation or a recommendation to invest in Fenice, please note that Fenice is exclusively targeted at well-informed investors who can be deemed to be advised investors in the sense of the Luxembourg law dated 13 February 2007 on specialised investment funds, as may be amended from time to time.

General Fund Risk Disclosure

The SIFs (Specialised Investment Funds) ‘’the fund(s)’’ described in this website are not subject to the same regulatory requirements as mutual funds, including mutual fund requirements to provide certain periodic and standardised pricing and valuation information to investors.
There are substantial risks in investing in a fund. Persons interested in investing in a fund should carefully note the following:

• A fund represents a speculative investment and involves a high degree of risk. An investor could lose all or a substantial portion of his/her investment. Investors must have the financial ability, sophistication/experience and willingness to bear the risks of an investment in a fund.
• An investment in a fund should be discretionary capital set aside strictly for speculative purposes.
• An investment in a fund is not suitable or desirable for all investors. Only certain persons meeting certain additional eligibility criteria may invest in a fund.
• A fund may employ leverage and other investment techniques, and such leverage and other investment techniques may result in increased volatility of the fund's performance and increased risk of loss.
• A fund may trade in commodities, futures and other derivatives, which may increase the risk of loss of the fund.
• A fund may have limited or no operating history.
• The investment manager of a fund may have certain discretionary authority over the fund's assets.
• A fund may invest in a limited number of securities or instruments, which could result in a limited degree of diversification and higher risk.
• A fund generally involves a complex tax structure, which should be reviewed carefully. A fund's investment strategy may cause delays in important tax information being sent to investors.
The management fees of a fund's investment manager may be substantial regardless of whether the fund has a positive return, and will offset the fund's profits.A fund is not required by regulators to provide periodic pricing or valuation information to investors.
• There are likely to be a number of conflicts of interest or potential conflicts of interest in connection with an investment manager’s management of fund assets.

Hyperlinks

Any hyperlinks on the present website are for your convenience only, and Fenice may not be held liable in any way whatsoever for information on websites referred to via such hyperlinks. Use of hyperlinks does not imply any recommendation or endorsement by Fenice of the website(s) referred to, nor of any of the products or services offered through such website(s).

Cookies

In accordance with applicable data protection legislation, you are hereby informed that this website may use cookies or other information software solely in order to optimise your navigation on the website, to help Fenice better understand how visitors use the site and to thus enable it to make improvements where appropriate.
You may refuse the use of cookies by selecting the appropriate settings on your browser, but please note that this may affect your ability to use the full functionality of the website.

Intellectual Property

Unless stated otherwise, Fenice holds the copyright for all content on this website. No commercial use of any content of this website or of the trademarks used on this website may be made without prior authorisation from Fenice.

Applicable law and jurisdiction

Your use of this website is subject to Luxembourg law, and any disputes arising from use of the website shall be subject to the exclusive jurisdiction of the courts of the judiciary district of Luxembourg city.