1. Legal Terms, Conditions, & Disclosures
2. Country Regulatory Disclosures
Please read this page before proceeding as it sets out important legal and regulatory information about the material contained in this website, pertaining to Summerfield Asset Management LLC, Summerfield Asset Management (UK) LLP, Summerfield Asset Management (Singapore) Pte. Ltd., or any affiliate thereof (collectively, “Summerfield Asset Management”, “Summerfield”, or the “Summerfield Entities”) which Summerfield may, without notice, change.
By accessing any page of this website, you agree to be bound by the terms below. If you do not agree to such terms, you should exit the website. This page is designed to prevent unsuitable categories of investor from accessing the website and as such Summerfield cannot be responsible for any misrepresentations you may make in gaining access to the website.
THE MATERIAL ON THIS SITE IS INTENDED FOR INSTITUTIONAL USE ONLY - NOT FOR RETAIL DISTRIBUTION - NOT FOR INDIVIDUAL INVESTORS
Professional Investors Only: This website is only directed at professional, institutional or qualified investors and is not suitable for retail or individual investors. If you are a retail or individual investor then please leave this website immediately.
No Advice: The Information is provided for informational purpose only and on the basis that you make your own investment decisions and do not rely upon it. Summerfield is not soliciting any action based on it and it does not constitute investment advice. Should you have any queries about the information referred to on this site, you should contact your financial adviser.
No advice is given as to any federal, state, local, or non-U.S. tax matters. You should consult with your own professional tax adviser before making any investment.
No Liability: No representation, warranty or undertaking is given as to the accuracy or completeness of the Information by Summerfield or any of its associated companies and no liability is accepted by such persons for the accuracy or completeness of such Information. In no event will Summerfield or any of its associated companies be liable to any person for any direct, indirect, special or consequential damages arising out of any use of the Information, or on any other hyper-linked site, including, without limitation, any lost profits, business interruption, loss of programs or data on your equipment, or otherwise, even if Summerfield is expressly advised of the possibility or likelihood of such damages.
You should be aware that the Internet is not a completely reliable transmission medium. Summerfield does not accept 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 products or services referred to herein.
The two prior paragraphs do not affect any rights that may not be disclaimed under applicable law, including rights under federal and state securities laws.
Indemnity: You agree to indemnify, defend, and hold harmless Summerfield, its affiliates and licensors, and the officers, partners, employees, and agents of Summerfield and its affiliates and licensors, from and against any and all claims, liabilities, damages, losses, or expenses, including legal fees and costs, arising out of or in any way connected with your access to or use of this website and the Information.
Readership: This website is intended solely for the addressee(s) and may not be redistributed without the prior permission of Summerfield Asset Management. Its content may be confidential, proprietary, and/or trade secret information. Summerfield and its subsidiaries are not responsible for any unlawful distribution of this information to any third parties, in whole or in part.
Opinions: Any opinions expressed in this website represent the views of the Summerfield Asset Management, are valid only as of the date indicated, and are subject to change without notice. There can be no guarantee that any of the opinions expressed in this website or any underlying position will be maintained at the time of this presentation or thereafter. We are not soliciting or recommending any action based on this material.
Risk Warning: All investments involve risk, including possible loss of principal. If applicable, the offering document should be read for further details including the risk factors. Our investment management services relate to a variety of investments, each of which can fluctuate in value. The investment risks vary between different types of instruments. For example, for investments involving exposure to a currency other than that in which the portfolio is denominated, changes in the rate of exchange may cause the value of investments, and consequently the value of the portfolio, to go up or down. In the case of a higher volatility portfolio, the loss on realization or cancellation may be very high (including total loss of investment), as the value of such an investment may fall suddenly and substantially. In making an investment decision, prospective investors must rely on their own examination of the merits and risks involved.
Governing Law: YOU AGREE THAT YOUR USE OF THIS SITE AND ANY DISPUTE ARISING FROM THE USE OF THIS SITE IS SUBJECT TO ENGLISH LAW. A CONDITION OF USING THIS SITE IS THAT YOU IRREVOCABLY SUBMIT TO THE EXCLUSIVE JURISDICTION OF THE ENGLISH COURTS FOR ANY DISPUTE OR PROCEEDING ARISING FROM THE USE OF THIS SITE AND WAIVE ANY OBJECTION TO PROCEEDINGS IN SUCH COURTS ON THE GROUNDS OF VENUE OR ON THE GROUNDS THAT THEY ARE AN INCONVENIENT FORUM.
Waiver of Jury Trial: You irrevocably waive any right to a jury trial in any dispute or proceeding arising from the use of this site.
Privacy, Data Protection & Cookies: Summerfield Asset Management is committed to safeguarding your Personal Data. You may be asked through this site to provide Personal Data such as your name, address, telephone number, email address and other information in connection with Summerfield's client registration procedures. To the extent that Summerfield collects any Personal Data about you, Summerfield will hold it in confidence and in accordance with applicable data protection legislation.
Telephone calls made to Summerfield may be recorded and recordings may be used to meet Summerfield’s regulatory requirements. Any Personal Data provided during the call will be used and held in accordance with relevant data protection requirements.
Summerfield Asset Management uses cookies: a "cookie" is a small file placed on your device to allow us to recognize and remember your browser. We can use several types: session cookies to help you navigate to the appropriate part of Summerfield's website for the jurisdiction in which you are located - these are temporary and will be removed at the end of your session; persistent cookies if you click on "remember me" to enable you to customise your use of the website - this will be stored on your computer's hard drive until automatic expiry after 30 days or until you delete it; persistent cookies to collect non-personal data for analytic reports and advertising to track your use of the Summerfield website – this is stored on your computer's hard drive until they expire or until you delete them; advertising cookies so we can understand what sort of pages you are interested in and display advertising on your browser to promote Summerfield services based on these interests and show you advertising based on your browsing patterns and interactions on Summerfield’s and other third-party websites. We may share online non-personal data collected through cookies with our advertising partners. By clicking on the acceptance box you hereby give your consent to Summerfield using these cookies.
Performance Notes: Past performance is not indicative of future results. There can be no assurance that any investment objective will be met. Summerfield Asset Management often uses benchmarks for the purpose of comparison of results. Benchmarks are used for illustrative purposes only, and any such references should not be understood to mean there would necessarily be a correlation between investment returns of any investment and any benchmark. Any referenced benchmark does not reflect fees and expenses associated with the active management of an investment. Summerfield, from time to time, show the efficacy of its strategies or communicate general industry views via modeling. Such methods are intended to show only an expected range of possible investment outcomes, and should not be viewed as a guide to future performance. There is no assurance that any returns can be achieved, that the strategy will be successful or profitable for any investor, or that any industry views will come to pass. Actual investors may experience different results.
Information is unaudited unless otherwise indicated, and any information from third-party sources is believed to be reliable, but Summerfield Asset Management cannot guarantee its accuracy or completeness.
Not an Offer of Securities: This website and the information contained herein does not constitute and is not intended to constitute an offer of securities or provision of financial advice and accordingly should not be construed as such. The securities and any other products or services referenced in this document may not be licensed in all jurisdictions, and unless otherwise indicated, no regulator or government authority has reviewed this website or the merits of the products and services referenced herein. This website and the information contained herein has been made available in accordance with the restrictions and/or limitations implemented by any applicable laws and regulations. This website is directed at and intended for institutional and qualified investors (as such term is defined in each jurisdiction in which the security is marketed). This website is provided on a confidential basis for informational purposes only and may not be reproduced in any form. Before acting on any information in this website, prospective investors should inform themselves of and observe all applicable laws, rules and regulations of any relevant jurisdictions and obtain independent advice if required. This website is for the use of the named addressee only and should not be given, forwarded or shown to any other person (other than employees, agents or consultants in connection with the addressee’s consideration thereof).
Anti-Money Laundering Procedures: Obligations are imposed on financial sector professionals to prevent the use of investment funds for money-laundering purposes. Within this context, a procedure for the identification of subscribers has been imposed. Summerfield Asset Management may undertake verification and other relevant security checks in order to meet the obligations imposed on financial sector professionals concerning money laundering and financial crime.
Intellectual Property, Copyright & Trademarks: This website is protected by United States laws and international agreements on intellectual property.
All intellectual and other property information contained in this website shall continue to be held by Summerfield Asset Management and no rights of any kind in it shall pass to the users.
The reproduction, representation, distribution (by electronic or any other means), amendment, or use of all or part of the form or content of this website, through any medium, for public or commercial use, is therefore strictly forbidden, unless Summerfield has given its prior written consent.
The name "Summerfield Asset Management", the Summerfield tree logo, and all other associated logos are trademarks that have been registered by Summerfield Asset Management and its affiliated entities. The reproduction, removal, reuse or modification in any way of the distinctive signs found on the pages of this website is forbidden.
Legal Addresses: Summerfield Asset Management LLC is incorporated in the State of Delaware, with a registered office at 251 Little Falls Drive, Wilmington, Delaware 19808. Summerfield Asset Management (UK) LLP is incorporated in England & Wales, with a registered office at Ground Floor, One George Yard, London EC3V 9DF, United Kingdom, Company Number OC432498. Summerfield Asset Management (Singapore) Pte. Ltd. is incorporated in the Republic of Singapore with a registered office at 68 Circular Road, #02-01, Singapore 049422, Company Registration Number 202019238H.
🇦🇺 Australia: Summerfield Asset Management is exempt from the requirement to hold an Australian financial services license under the Corporations Act 2001 (Cth) in respect of the financial services it provides to wholesale clients, and is not licensed to provide financial services to individual investors or retail clients. Nothing herein constitutes an offer or solicitation to anyone in or outside Australia where such offer or solicitation is not authorized or to whom it is unlawful. This information is not directed to any person to whom its publication or availability is restricted.
🇦🇿 Azerbaijan: The contents of this document are for informational purposes only and are not intended to create or increase interest in, nor do they aim to promote the placement of, foreign securities or of licensable services in the Republic of Azerbaijan. No communication is intended for further dissemination to the public at large in the Republic of Azerbaijan.
🇧🇸 Bahamas: Interests shall not be offered or sold in or from The Bahamas except in circumstances that do not constitute an offer to the public. Interests may only be offered to “accredited investors” as that term is defined in the Securities Industry Regulations, 2012 by an investment fund incorporated, registered or established outside The Bahamas.
🇧🇭 Bahrain: This document has not been reviewed by the central bank of Bahrain (“CBB”). Interests in any service provided by Summerfield Asset Management may not be offered for subscription or sold, directly or indirectly, nor may any invitation or offer to subscribe for any interests in a fund or services be made to persons resident or entities incorporated in the kingdom of Bahrain. The CBB is not responsible for the performance of any such fund or any Summerfield Entities.
The CBB assumes no responsibility for the accuracy and completeness of the statements and information contained in this document and expressly disclaims any liability whatsoever for any loss howsoever arising from reliance upon the whole or any part of the contents hereof.
This document does not constitute, and may not be used in connection with, an offer or solicitation to persons resident or entities incorporated in the kingdom of Bahrain. No action has been or will be taken in the kingdom of Bahrain by Summerfield Asset Management or a fund that would or is intended to, permit a public offering of the interests in the fund or services to persons resident or entities incorporated in the kingdom of Bahrain.
Under no circumstances shall this document constitute an offer to sell or the solicitation of an offer to buy nor shall there by any sale of interests in a fund or services to persons resident or entities incorporated in the kingdom of Bahrain as such an offer, solicitation or sale would be unlawful.
🇧🇲 Bermuda: Services may be offered or sold in Bermuda only in compliance with the provisions of the Investment Business Act of 2003 of Bermuda which regulates the sale of securities in Bermuda. Additionally, non-Bermudian persons (including companies) may not carry on or engage in any trade or business in Bermuda unless such persons are permitted to do so under applicable Bermuda legislation.
🇧🇷 Brazil: Summerfield Asset Management is not accredited with the Brazilian Securities Commission - CVM to perform investment management services. The investment management services may not be publicly offered or sold to the public in Brazil. Documents relating to the investment management services as well as the information contained therein may not be supplied to the public in Brazil.
🇧🇳 Brunei: Summerfield Asset Management is neither licensed under the Mutual Funds of Brunei nor registered under the Companies Act of Brunei. Neither Summerfield Asset Management nor Summerfield Asset Management (Singapore) Pte. Ltd. nor any of its affiliates is licensed as a dealer or investment advisor under the Securities Order of Brunei. The enclosed information has been provided for informational purposes only and is not intended as a solicitation in respect of the purchase or sale of instruments or securities (including funds) or the provision of services. The information has been provided to you solely for your own purposes and must not be copied or redistributed to any person without the prior consent of Summerfield Asset Management.
🇨🇦 Canada: The information on this website is directed only to residents of Canada that are “accredited investors” as defined under section 1.1 of National Instrument 45-106 Prospectus Exemptions (“NI 45-106”) and “permitted clients” as defined under section 1.1 of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations (“NI 31-103”). Therefore, only investors that satisfy this eligibility criteria should be accessing this website.
The content of this website is not, and under no circumstance to be construed as, an advertisement or a public offering of any securities described herein in any province or territory of Canada (each, a “Canadian Jurisdiction”). Under no circumstances are the content of this website to be construed as an offer to sell securities or as a solicitation of an offer to buy securities in any Canadian Jurisdiction. Any offer or sale of any securities described in this website will be made only under an exemption from the requirement to file a prospectus with the relevant securities regulators or securities regulatory authorities in the applicable Canadian Jurisdictions, and only by a dealer properly registered under applicable securities laws or, alternatively, pursuant to an exemption from the registration requirement in the applicable Canadian Jurisdiction in which such offer or sale is made.
The content of this website is not, and under no circumstances are to be construed as, a prospectus, an offering memorandum, an advertisement or a public offering of any securities in a Canadian jurisdiction. No securities regulator or securities regulatory authority in Canada has reviewed or in any way passed upon the information contained in this website or the merits of any securities described in this website, and any representation to the contrary is an offence. Upon review of the information on this website, each prospective Canadian investor will be deemed to have acknowledged and agreed that all offers and sales of securities of any fund managed by Summerfield Asset Management may only be made through the applicable Canadian offering memorandum prepared in connection with and pertaining to the securities described therein, which may be obtained from the applicable Summerfield Entity and/or its authorized dealer agents that are permitted to offer and sell securities in the applicable Canadian Jurisdiction wherein any such offer, sale or activity in furtherance of a trade in the securities is made.
🇨🇳 China: This website is directed only to residents of the People’s Republic of China (“China”) which are institutional investors. Therefore, only investors that satisfy these eligibility criteria should be accessing this website. Unless otherwise approved by the regulations on securities and funds of the People’s Republic of China, any asset management services mentioned in this website shall neither be directly and/or indirectly offered nor sold in the People’s Republic of China (not including Hong Kong SAR, Macau SAR or Taiwan in this regard).
🇨🇱 Chile: Summerfield Asset Management is not registered or licensed in Chile to provide managed account services and is not subject to the supervision of the Comisión para el Mercado Financiero of Chile (“CMF”). Summerfield’s managed account services may not be publicly offered or sold in Chile.
🇨🇴 Colombia: This document does not have the purpose or the effect of initiating, directly or indirectly, the purchase of a product or the rendering of a service by Summerfield Asset Management ("investment adviser") to Colombian residents. The investment adviser’s products and/or services may not be promoted or marketed in Colombia or to Colombian residents unless such promotion and marketing is made in compliance with decree 2555 of 2010 and other applicable rules and regulations related to the promotion of foreign financial and/or securities related products or services in Colombia.
Summerfield Asset Management has not received authorization of licensing from The Financial Superintendency of Colombia or any other governmental authority in Colombia to market or sell its financial products or services in Colombia. By receiving this document, each recipient resident in Colombia acknowledges and agrees that such recipient has contacted the investment adviser at its own initiative and not as a result of any promotion or publicity by the investment adviser or any of its representatives. Colombian residents acknowledge and represent that (1) the receipt of this presentation does not constitute a solicitation from the investment adviser for its financial products and/or services, and (2) they are not receiving from the investment adviser any direct or indirect promotion or marketing of financial products and/or services.
🇨🇷 Costa Rica: Services offered by Summerfield Asset Management made in Costa Rica upon reliance on an exemption from registration before the General Superintendency of Securities (“SUGEVAL”), pursuant to article 6 of the Regulations on the Public Offering of Securities (“Reglamento sobre Oferta Pública de Valores”). This information is confidential, and is not to be reproduced or distributed to third parties as this is NOT a public offering of securities in Costa Rica.
The services being offered are not intended for the Costa Rican public or market and neither is it registered or will be registered before the SUGEVAL, nor can it be traded in the secondary market.
🇸🇻 El Salvador: These materials have been produced for the purpose of providing information about the private fund interests. These materials are made available on the condition that it is for the use only by the recipient and may not be passed on to any other person or be reproduced in any part. The private fund interests have not been and will not be offered in the course of a public offering or of equivalent marketing in El Salvador and therefore, the provisions of the Stock Market Law of 1994 (Ley del Mercado de Valores) as amended, relating to registration requirements and to prospectus requirements do not apply. The private fund interests have thus neither been registered for public distribution in El Salvador with the Stock Superintendency nor been the subject matter of a prospectus compliant with the Stock Market Law. Any subscription application by any person other than the initial recipient of these materials will be rejected.
🇪🇺 European Economic Area: Summerfield Asset Management is not authorised nor regulated by the Financial Conduct Authority. This section of the website is only intended for the information of intermediaries and Institutional Investors (as defined below) resident in the European countries in which Summerfield Asset Management services may not be sold unless otherwise stated and is not suitable for individual investors.
Institutional Investor means a credit institution, investment firm, authorised or regulated financial institution, insurance company, collective investment scheme and management company, pension fund and management company of such fund, commodity and commodity derivatives dealer, a large undertaking with at least two of the following:
Please note, the definition of an Institutional Investor may not be a definition that is provided by the regulator of the home state where the website is being accessed.
If you are an individual investor please leave this website immediately.
🇩🇪 Germany: Summerfield Asset Management is not authorised norregulated by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin).
🇬🇬 Guernsey: This document is only being, and may only be, made available in or from within the Bailiwick of Guernsey and the offer that is the referred to in this document is only being, and may only be, made in or from within the Bailiwick of Guernsey:
The offer referred to in this document and this document are not available in or from within the Bailiwick of Guernsey other than in accordance with the above paragraphs (1) and (2) and must not be relied upon by any person unless made or received in accordance with such paragraphs.
🇭🇰 Hong Kong: This website is not intended to be accessed by and is not targeted towards residents of Hong Kong. However, if you are a “professional investor” as defined under the Hong Kong Securities and Futures Ordinance (Cap. 571) (the SFO) and the Securities and Futures (Professional Investor) Rules (Cap. 571D) (the SFPIR), you may access the website.
Potential investors in any Summerfield fund should note that any subscription for units or shares in an Summerfield fund is subject to the terms of the fund’s offering document, including the jurisdictional statements and any other terms specific to any investor contained therein. Subscriptions for units or shares in an Summerfield fund will only be accepted by investors who are able to comply with the terms of the offering and satisfactorily complete the relevant application form and are able to make the representations and statements contained therein.
By accepting this disclaimer you hereby represent, warrant and certify that you are a “professional investor” under the SFO (Cap.571) and the SFPIR (Cap. 571D) and have confirmed accordingly.
This document has not been reviewed by the Securities and Futures Commission.
🇮🇩 Indonesia: Summerfield Asset Management does not have an operational license from the Indonesian Financial Services Authority (OJK).
🇮🇳 India: The offering documents of Summerfield Asset Management funds have not been and will not be registered as a prospectus with the Registrar of Companies in India, and will not be registered and/or approved by the Securities and Exchange Board of India (“SEBI”) or any other legal or regulatory authority in India. Furthermore, no regulatory or governmental authority in India has confirmed the accuracy or determined the adequacy of any information on this website or any offering document of any Summerfield fund.
Any person resident in India, including a resident individual, institution or company, shall be permitted to make any investment in a Summerfield fund only in accordance with and subject to the provisions of the Foreign Exchange Management Act, 1999 of India and the regulations and rules framed thereunder, and as per applicable Indian law. Any person resident in India, being a resident individual, may make any investment in a Summerfield fund only in accordance with the guidelines prescribed by the Reserve Bank of India from time to time. An investment by an Indian mutual fund in any Summerfield fund shall be in compliance with the SEBI (Mutual Fund) Regulations, 1996 and any other rules and regulations prescribed by SEBI from time to time in this regard.
No information on this website or any offering document must be treated as investment advice, or an inducement to invest, by a Summerfield fund or any member of the Summerfield Entities to any person resident in India.
🇮🇪 Ireland: Summerfield Asset Management is not authorized nor regulated by the Central Bank of Ireland.
🇮🇱 Israel: This document shall not constitute an offer, solicitation or recommendation in relation to any securities or funds sponsored by, or any investment services provided by, Summerfield Asset Management or its affiliates in any jurisdiction where it is unlawful to do so.
This document has not been approved by the Israeli Securities Authority and will only be distributed to Israeli residents in a manner that will not constitute “an offer to the public” under sections 15 and 15a of the Israel Securities Law, 5728-1968 (“the Securities Law”) or section 25 of the Joint Investment Trusts Law, 5754-1994 (“the Joint Investment Trusts Law”), as applicable. The funds are being offered to a limited number of investors (35 investors or fewer during any given 12 month period) and/or those categories of investors listed in the First Addendum (“the Addendum”) to the Securities Law, (“Sophisticated Investors”) namely joint investment funds or mutual trust funds, provident funds, insurance companies, banking corporations (purchasing funds for themselves or for clients who are Sophisticated Investors), portfolio managers (purchasing funds for ,themselves or for clients who are Sophisticated Investors), investment advisors or investment marketers (purchasing funds for themselves), members of the Tel-Aviv Stock Exchange (purchasing funds for themselves or for clients who are Sophisticated Investors), underwriters (purchasing funds for themselves), venture capital funds engaging mainly in the capital market, an entity which is wholly-owned by Sophisticated Investors, corporations, other than formed for the specific purpose of an acquisition pursuant to an offer, with a shareholders equity in excess of NIS 50 million, and individuals in respect of whom the terms of item 9 in the Schedule to the Investment Advice Law hold true investing for their own account, each as defined in the said Addendum, as amended from time to time, and who in each case have provided written confirmation that they qualify as Sophisticated Investors, and that they are aware of the consequences of such designation and agree thereto; in all cases under circumstances that will fall within the private placement or other exemptions of the Joint Investment Trusts Law, the Securities Law and any applicable guidelines, pronouncements or rulings issued from time to time by the Israeli Securities Authority.
This document may not be reproduced or used for any other purpose, nor be furnished to any other person other than those to whom copies have been sent. Any offeree who purchases a fund is purchasing such fund for its own benefit and account and not with the aim or intention of distributing or offering such fund to other parties (other than, in the case of an offeree which is an Sophisticated Investor by virtue of it being a banking corporation, portfolio manager or member of the Tel-Aviv Stock Exchange, as defined in the Addendum, where such offeree is purchasing funds for another party which is an Sophisticated Investor). Nothing in this document should be considered Investment Advice or Investment Marketing defined in the Regulation of Investment Counseling, Investment Marketing and Portfolio Management Law, 5755-1995.
Investors are encouraged to seek competent investment counseling from a locally licensed investment counsel prior to making the investment. As a prerequisite to the receipt of a copy of this document a recipient may be required by the fund to provide confirmation that it is an Sophisticated Investor purchasing funds for its own account or, where applicable, for other Sophisticated Investors.
🇯🇵 Japan: Summerfield Asset Management is obliged to advise you that the information contained in the website is provided only for information purposes and is not provided for the purpose of soliciting investments from Japanese investors, and that the Summerfield funds are not currently registered or authorised for marketing in Japan and no Summerfield Entity is currently licensed to distribute any of the Summerfield funds. As such, please note that if you are resident in Japan, you should not access the website unless you fall under any of “Institutional Investors” as provided in the Financial Instruments and Exchange Act (Act No. 25 of 1948, as amended; “FIEA”) and described below and further represent to such effect by confirming below.
“Institutional Investors” under the FIEA for the above purpose include: the Japanese government, the Bank of Japan, “financial instruments business operators” registered under the FIEA as securities-related business (“Japanese Securities Companies”) and “financial instruments business operators” registered under the FIEA as investment management business (“Japanese Investment Managers”), or certain other financial institutions (banks, trust companies, insurance companies, etc.), as set out in the FIEA, Article 58-2, and the Enforcement Order of the FIEA, Article 17-3, Item 1.
No purchase or subscription of units or shares of the Summerfield funds can be made through this website.
🇰🇿 Kazakhstan: Any fund interests will be offered and provided on a cross-border basis only; and the fund(s) will not be and are not intended to be registered or offered in or from the territory of the Republic of Kazakhstan. An investment into the fund(s) by a Kazakhstan resident may be subject to certain restrictions, limitations and requirements as imposed under Kazakhstan law or applicable under any internal document of the investor, including inter alia limitation of the investment capacity. A Kazakhstan resident making an investment into the fund(s) shall ensure that its investment will be in strict compliance with any of such restrictions, limitations and requirements as established under Kazakhstan law or any applicable internal document.
🇰🇼 Kuwait: The offering of any security in any vehicle has not been approved or licensed by the Kuwait Capital Markets Authority or any other relevant licensing authorities in the State of Kuwait, and accordingly does not constitute a public offer in the State of Kuwait in accordance with Law no. 7 for 2010 regarding the Establishment of the Capital Markets Authority and the Regulating Securities Activities (“CMA Law”). This document is strictly private and confidential and is being issued to a limited number of professional investors: A) who meet the criteria of a Professional Client by Nature as defined in Article 2-6 of Module 8 of the Executive Regulations No. 72 of 2015 of the CMA Law; B) upon their request and confirmation that they understand that the securities have not been approved or licensed by or registered with the Kuwait Capital Markets Authority or any other relevant licensing authorities or governmental agencies in the State of Kuwait; and must not be provided to any person other than the original recipient, and may not be reproduced or used for any other purposes whatsoever.
🇲🇾 Malaysia: As the approval of the Malaysian Securities Commission pursuant to section 212 of the Malaysian Capital Markets and Services Act 2007 has not been / will not be obtained, the Funds hereunder are not being and will not be deemed to be issued, made available, offered for subscription or purchase in Malaysia, and neither this presentation nor any document or other material in connection therewith should be distributed, caused to be distributed or circulated in Malaysia, save and except to individuals or other legal entities who fall under paragraphs 3(a), 4, 5, 6 10, 13 and 24 of Schedule 6 to the Capital Markets and Services Act 2007.
Summerfield Asset Management is neither licensed nor regulated by Malaysian Securities Commission. This material is not reviewed or endorsed by the Malaysian Securities Commission.
🇲🇽 Mexico: The securities offered by Summerfield Asset Management are not and will not be registered in the national securities registry (Registro Nacional De Valores) maintained by the Mexican Banking and Securities Commission (Comision Nacional Bancaria Y De Valores , “CNBV”). These securities may not be publicly offered or sold in Mexico without the applicability of an exemption for the private placement of securities pursuant to the Mexican Securities law. In making an investment decision, you should rely on your own review and examination of the fund / security. These securities are not being offered and may not be offered nor acquired within the territory of the United Mexican States. The information contained herein has not been reviewed or authorized by the CNBV. Any Mexican investor who acquires the securities does so at his or her own risk.
🇳🇿 New Zealand: Asset management services managed by Summerfield Asset Management are available only to wholesale investors within the meaning of the Financial Markets Conduct Act 2013. This includes:
This is not a product disclosure statement under New Zealand Law and does not constitute a regulated offer under the Financial Markets Conduct Act 2013.
🇴🇲 Oman: This material neither constitutes a public offer of securities in the Sultanate of Oman as contemplated by the Commercial Companies Law of Oman (Royal Decree 4/74) or the Capital Market Law of Oman (Royal Decree 80/98), nor does it constitute an offer to sell, or the solicitation of any offer to buy Non-Omani securities in the Sultanate of Oman as contemplated by Article 139 of the Executive Regulations to the Capital Market Law (issued vide CMA Decision 1/2009). Additionally, this material is not intended to lead to the conclusion of any contract of whatsoever nature within the territory of the Sultanate of Oman.
🇵🇦 Panama: Funds managed by Summerfield Asset Management described herein have not been listed with the Superintendence of the Securities Market and neither has any offering, sale or transaction with them. The listing exemption has been made based on Article 83 (3) of Decree Law no. 1 of July 8, 1999 (institutional investors). Consequently the tax treatment established under Articles 269 to 271 of Law Decree 1, dated 8 July 1999, does not apply. These fund(s) do not fall under the supervision of the Superintendence of the Securities Market.
The offering of fund interest may be restricted in certain jurisdictions. The above information is for general guidance only, and it is the responsibility of any person or persons wishing to make application for fund interest to inform themselves of, and to observe, all applicable laws and regulations of any relevant jurisdiction. Prospective applicants for fund interest should inform themselves as to legal requirements also applying and any applicable exchange control regulations and applicable taxes in the countries of their respective citizenship, residence of domicile.
Summerfield Asset Management is not regulated nor supervised by the Superintendencia del Mercado de Valores de Panamá.
🇵🇪 Peru: Summerfield Asset Management services will not be subject to a public offering in Peru. The Interests described herein have not been and will not be approved by or registered with the Peruvian Superintendency of Capital Markets (Superintendencia del Mercado de Valores, or the “SMV”) or the Lima Stock Exchange (Bolsa de Valores de Lima). Accordingly, the Interests may not be offered or sold in Peru except, among others, if such offering is considered a private offer under the securities laws and regulations of Peru. The Interests cannot be offered or sold in Peru or in any other jurisdiction except in compliance with the securities laws thereof. In making an investment decision, institutional investors (as defined by Peruvian law) must rely on their own examination of the terms of the offering of the Interests to determine their ability to invest in the Interests. All content in this document is for information or general use only. The information contained in this document is referential and may not be construed as an offer, invitation or recommendation, nor should be taken as a basis to take (or stop taking) any decision. This document has been prepared on the basis of public information that is subject to change. This information may not be construed as services provided by Summerfield Asset Management within Peru without having the corresponding banking or similar license according to the applicable regulation.
🇵🇭 Philippines: Summerfield Asset Management is neither licensed nor regulated by the Bangko Sentral ng Pilipinas.
🇶🇦 Qatar: This document has not been, and will not be, registered with or reviewed or approved by the Qatar Financial Markets Authority, the Qatar Financial Centre Regulatory Authority or Qatar Central Bank and may not be publicly distributed. It is not for general circulation in the State of Qatar and may not be reproduced or used for any other purpose.
🇷🇺 Russia: Summerfield Asset Management is not licensed nor registered to provide asset management services in Russia. Information contained in this document refers to products and services exclusively available through and provided by Summerfield Asset Management in Europe or another Summerfield entity domiciled outside Russia. Summerfield employees traveling to Russia are neither authorized to conclude contracts nor to negotiate terms thereof while in Russia.
Contracts only become binding on Summerfield once confirmed in Europe or in the location where the Summerfield entity is domiciled. Summerfield Asset Management does not provide services for which banking license is required in Russia.
🇸🇦 Saudi Arabia: Neither this material nor any investment interest in Summerfield Asset Management fund have been approved, disapproved or passed on in any way by the Capital Market Authority or any other governmental authority in the Kingdom of Saudi Arabia, nor has any Summerfield fund received authorization or licensing from the Capital Market Authority or any other governmental authority in the Kingdom of Saudi Arabia to market or sell the investment interests within the Kingdom of Saudi Arabia. This material does not constitute and may not be used for the purpose of an offer or invitation. No services relating to Summerfield Entities, including the receipt of applications and the allotment or redemption of investment interests, may be rendered by Summerfield Asset Management or any investment adviser within the Kingdom of Saudi Arabia.
🇸🇬 Singapore: This website is intended for institutional investors only and the recipient of this presentation may not forward, transmit or otherwise give a copy of this presentation to another person without Summerfield’s prior approval.
This presentation has not been registered as a prospectus under the Securities and Futures Act, Chapter 289 of Singapore (the “SFA”), by the Monetary Authority of Singapore. Accordingly, the Funds may not be offered or sold, or made the subject of an invitation for subscription or purchase, nor may this presentation or any other document or material in connection with the offer or sale, or invitation for subscription or purchase of the Funds be circulated or distributed, whether directly or indirectly, to any person in Singapore other than:
Summerfield Asset Management (Singapore) Private Limited is neither licensed nor regulated by the Monetary Authority of Singapore (MAS). In Singapore, this material is not suitable to a retail investor and is not reviewed or endorsed by the MAS.
🇿🇦 South Africa: Summerfield Asset Management is not currently authorized as a Financial Services Provider (FSP) in South Africa. These materials do not constitute an offer to sell or a solicitation of an offer to buy interests in any fund or investment vehicle (each a “Fund”) managed by Summerfield Asset Management. Such an offer may only be made in accordance with the laws of South Africa and will be made pursuant to the Private Placement Memorandum of the Fund and subscriptions will be accepted solely pursuant to definitive documentation. Offers and sales of interests in the Fund will not be registered under the laws of any jurisdiction and will be made solely to “qualified purchasers” as defined in the US Investment Company Act of 1940, as amended. These materials are highly confidential and must be read in conjunction with the Private Placement Memorandum of the Fund. These materials do not purport to contain all the information relevant to evaluating an investment in the Fund.
🇰🇷 South Korea: Summerfield Asset Management makes no representation with respect to the eligibility of any recipients of this material to acquire the interest therein under the laws of Korea, including but without limitation the Foreign Exchange Transaction Act and Regulations thereunder. The interests may only be offered to Qualified Professional Investors upon their request, as such term is defined under the Financial Investment Services and Capital Markets Act, and none of the interests may be offered, sold or delivered, or offered or sold to any person for re-offering or resale, directly or indirectly, in Korea or to any resident of Korea except pursuant to applicable laws and regulations of Korea.
🇨🇭 Switzerland: In Switzerland, Summerfield Asset Management classes this communication as a financial promotion and is solely intended for Qualified Investors only (as defined below).
This website and its content is strictly restricted to Qualified Investors within the meaning of the Federal Act on Collective Investment Schemes (CISA) and the Federal Ordinance on Collective Investment Schemes (CISO) as well as in accordance with the most recent interpretation by the Swiss Financial Market Supervisory Authority FINMA and the competent courts.
Qualified Investors are defined in art. 10 para. 3 a-d, 3bis, 3ter CISA (such as regulated financial intermediaries, regulated insurance institutions, public entities and retirement benefits institutions with professional treasury, companies with professional treasury operations, high-net-worth individuals who have declared in writing that they wish to be deemed qualified investors and investors who have concluded a written discretionary management agreement).
We would like to remind you that foreign (Non-Swiss) legal and regulatory systems may not provide the same level of protection in relation to client confidentiality and data protection as offered to you by Swiss law.
🇹🇼 Taiwan: Summerfield Asset Management is not licensed nor regulated by Securities and Futures Bureau of Taiwan (SFB). In Taiwan, this material may not be suitable to investors and is not reviewed or endorsed by the SFB.
🇹🇭 Thailand: Please note that neither Summerfield Asset Management, Summerfield Asset Management (Singapore) Pte. Ltd., nor any other entities that provides material and information or enters or will enter into the relevant transactions, maintains any licenses, authorisations or registrations in Thailand nor is any of the material and information contained, or the relevant securities or products specified, herein approved or registered in Thailand.
Interests in the relevant securities or products are not being offered or sold and may not be offered or sold in Thailand, except as permitted by the relevant laws and regulations. The enclosed information is intended to be read by the addressee and has been provided at his/her request for informational purposes only and must not be copied or redistributed to any other person without the prior consent of the relevant Summerfield Entity and in no way constitutes an offer, solicitation, advertisement or advice of, or in relation to, the relevant securities or products by any of Summerfield Entity in Thailand.
🇦🇪 United Arab Emirates: This document, and the information contained herein, does not constitute, and is not intended to constitute, a public offer of securities in the United Arab Emirates and accordingly should not be construed as such. The funds managed by Summerfield Asset Management (“Fund”) is only being offered to a limited number of sophisticated investors in the UAE who are either (a) an investment fund owned by federal or local government entities in the UAE, (b) an entity whose main object or purpose, or one of its objects, is to invest in securities and its investment in the Fund would be for its own account and not for the account of its clients or (c) an investment manager with authority to make and execute investment decisions.
The Fund have not been approved by or licensed or registered with the UAE Central Bank, the Securities and Commodities Authority or any other relevant licensing authorities or governmental agencies in the UAE.
In Dubai, Summerfield Asset Management is not regulated by the Dubai Financial Services Authority. In Abu Dhabi, Summerfield Asset Management is not regulated by the ADGM Financial Services Regulatory Authority. This document has not been approved by, or filed with, the Central Bank of the United Arab Emirates or the Securities and Commodities Authority.
🇬🇧 United Kingdom: This information shall not constitute an offer or solicitation in relation to any Summerfield Asset Management fund (“Fund”) or any investment services provided by Summerfield or its affiliates in any jurisdiction, or to any person, to whom it is unlawful to make an offer or solicitation.
This communication may only be distributed and the Fund may only be offered or placed in the United Kingdom to the extent that:
This communication is directed only at:
This communication must not be acted on or relied on by persons who are not relevant persons. The Fund interests are available only to relevant persons.
Summerfield Asset Management (UK) LLP is not authorized nor regulated by the Financial Conduct Authority (FCA). In the UK, this communication is a financial promotion solely intended for professional clients as defined in the FCA Handbook.
🇺🇸 United States of America: None of the information contained in this website constitutes an offer to sell or a solicitation of any offer to buy any shares in Summerfield funds in the United States or in any other jurisdiction, nor shall it, or the fact of its distribution, form the basis of, or be relied upon, in connection with any contract therefor.
Summerfield Asset Management LLC has not been and will not be registered under the US Investment Company Act of 1940, as amended (the “Investment Company Act”). In addition, the funds of Summerfield have not been and will not be registered under the US Securities Act of 1933, as amended (the “Securities Act”). Consequently, funds of Summerfield may not be offered, sold or otherwise transferred within the United States or to, or for the account or benefit of, US Persons (as defined in the Securities Act). No public offering of any funds of Summerfield is being, or has been, made in the United States.
For US regulatory reasons, US Persons who are not Qualified Purchasers (as defined in Section 2(a)(51) of the Investment Company Act) are not permitted to enter this website, and Summerfield Asset Management LLC is not offering any securities in the United States or to US Persons through this website. By entering this website, users are representing that they are either:
🇺🇾 Uruguay: The sale of the securities qualifies as a private placement pursuant to section 2 of Uruguayan law 18.627. The issuer represents and agrees that it has not offered or sold, and will not offer or sell, any securities to the public in Uruguay, except in circumstances which do not constitute a public offering or distribution under Uruguayan laws and regulations. The securities are not and will not be registered with the Central Bank of Uruguay to be publicly offered in Uruguay. The securities correspond to investment funds that are not investment funds regulated by Uruguayan law 16,774 dated 27 September 1996, as amended.
🇻🇳 Vietnam: Summerfield Asset Management is not regulated by the State Securities Commission. This section of the website is only directed at Vietnamese based institutional investors and is not suitable for individual investors. Individual investors resident in Vietnam and those resident or domiciled in territories other than Vietnam should not access this website.
© 2022
Summerfield Asset Management LLC | Summerfield Asset Management (UK) LLP | Summerfield Asset Management (Singapore) Pte. Ltd.
Our website uses cookies to give you the best browsing experience. By using this website, you consent to our use of cookies.
In order to enter this website, please read the Terms & Conditions page and affirm by clicking the accept button that you have read and understood the information provided.
This website is only directed at professional, institutional, or qualified investors and is not suitable for retail or individual investors.