Disclaimer

“The information included in this website are provided by Theorema Advisors UK LLP (the ”Investment Manager”), which is an asset management company authorised and regulated by the Financial Conduct Authority (“FCA”).

The Investment Manager manages Theorema Europe Fund Ltd, Theorema Europe Fund + Ltd, Theorema European Equity Long Short UCITS Fund and Theorema Credit Equity Opportunity Fund.

Theorema Europe Fund Ltd. and Theorema Europe Fund + Ltd. are exempted companies incorporated with limited liability under the laws of the Cayman Islands. Such funds are unregulated collective investment schemes for the purposes of the Financial Services and Markets Act 2000 of the United Kingdom (the “Act”) and whose promotion is accordingly restricted by law.

Any offer of Theorema Europe Fund Ltd. and Theorema Europe Fund + Ltd. in Italy remains subject to the prior approval of the Bank of Italy in accordance with Italian applicable regulation. Therefore, nothing in this website shall be construed as an offer or promotion of such funds to any Italian investors.

The various portfolio managed by the Investment Manager are speculative and entail substantial risks. An investment in any portfolio managed by the Investment Manager is suitable only for sophisticated investors. The shares of the funds under management may be subject to sudden and large falls in price or value and there could be a large loss on realisation which could equal the amount invested. As there is no recognised market for the shares, it may be difficult for an investor to sell or realise the shares or to obtain reliable information about their value or the extent of the risks to which they are exposed. Changes in rates of exchange may have an adverse effect on the value, price or income of the shares. References to future returns are not promises or even estimates of actual returns an investor may achieve. The forecasts contained herein are for illustrative purposes only and are not to be relied upon as advice or interpreted as a recommendation. The information herein reflects prevailing conditions and the Investment Manager’s judgment as of this date, all of which are subject to change. Past performance or experience does not necessarily give a guide for the future.

The information and opinions contained in this website are for background purposes only and do not purport to be full or complete. No reliance may be placed for any purpose on the information or opinions herein or their accuracy or completeness. No representation, warranty or undertaking, express or implied, is given as to the accuracy or completeness of the information or opinions contained in this website by the Investment Manager and no liability is accepted by the Investment Manager for the accuracy or completeness of any such information or opinions.

The information included under this website do not disclose all of the risks and other significant aspects of entering into any particular transaction; any investment decision should be made solely upon the information contained in the final offering documents relating to the relevant transaction.

These information are exempt from the scheme promotion restriction in Section 238 of the Act on the communication of invitations or inducements to participate in unregulated collective investment schemes on the grounds that it is being issued only to persons who are both (a) professional clients or eligible counterparties for the purposes of the FCA Conduct of Business Sourcebook (“COBS”) and (b) of a kind to whom the funds may lawfully be promoted by a person authorised under the Act by virtue of Section 238(5) of the Act and COBS4 and the Collective Investment Schemes Sourcebook (COLL). The investments and investment services to which this web-site relates are only available to the persons referred to above and other persons should not act or rely on these.

The information provided herein are for private use of the recipient and may not be disclosed directly or indirectly to any third party, not may it be reproduced or circulated in whole or in part for any purpose. The law may restrict distribution of this information in certain jurisdictions; therefore, persons into whose possession this information come should inform themselves about and observe any such restrictions.”

STEWARDSHIP CODE

Under the FSA Rule COBS 2.2.3R, Theorema Advisors UK LLP. (the "Firm") is required to include on this website a disclosure about the nature of its commitment to the UK Financial Reporting Council's Stewardship Code (the "Code") or, where it does not commit to the Code, its alternative investment strategy. The Code is a voluntary code and sets out a number of principles relating to engagement by investors with UK equity issuers. Investors that commit to the Code can either comply with it in full or choose not to comply with aspects of the Code, in which case they are required to explain their non compliance.

The Firm pursues various equity investment strategies (long, short, market neutral etc.) that involves it investing in global equities, including UK equities. The Code is therefore relevant to some aspects of the Firm's investment activities. While the Firm generally supports the objectives that underlie the Code, the Firm has chosen not to commit to the Code. The Firm takes a global approach to engagement with issuers and their management in all of the jurisdictions in which it invests and, consequently, does not consider it appropriate to commit to any particular voluntary code of practice relating to corporate governance in any individual jurisdiction.