Swan Asset Management SA is a regulated Swiss Asset Management company, established in 2008 and headquartered in Lugano Paradiso, Switzerland. Swan is regulated by the Swiss Financial Market Supervisory Authority FINMA and authorized under the CISA (Collective Investment Schemes Act) since September 2009.
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We believe the targets of an Asset Manager should form its vision and the process to achieve them its investment philosophy. The name total return is often used in the marketplace in a misleading way, to the benefit of plain flexible products whose ability to avoid capital losses is confined to market timing only.
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These specific legal notes for investment funds and SICAV supplement the generic legal notes, which we would also ask you to read carefully. By accessing the Swan Asset Management site and in particular the web pages dedicated to the investment funds and SICAV, you expressly declare that you have read, understood and accepted the generic legal notes and the following specific legal notes.
Restrictions on distribution
The website may contain various information relating to collective investment schemes which shall not, in any case, constitute any distribution, offer or solicitation.
The website may contain information on several collective investment schemes which are registered in different jurisdictions. As a matter of fact, in accordance with the applicable law, some users of the website could be subject to regulations and laws restricting the access to such kind of information, in particular for reasons of nationality, residence and domicile. Therefore, the users shall be obliged to respect any applicable restriction.
None of the information in the website shall be considered as investment, legal or tax advice. No decision shall be made solely based on the website content. In particular, it is strongly recommended to seek for qualified advice.
Currently, the following collective investment schemes have been authorized by the Swiss Financial Market Supervisory Authority FINMA (hereinafter “FINMA”) for public distribution purposes in or from Switzerland:
CB-Accent LUX - Swan Bond Opportunity
CB-Accent LUX - Swan High Yield
In Italy distribution is restricted, for some sub-funds, either to professional investors (Institutional client) or to private clients (Public). Additional information is available in the correspondent Italian subscription form.
United States of America
The collective investment schemes contained in the website are not meant for US Persons, as defined under the United States Securities Act of 1933, as amended (hereinafter "Securities Act"). In particular, the collective investment schemes described on the website shall not be registered under the Securities Act or any other applicable United States securities laws (including, without limitation, any applicable law of any of the states of the United States). Such collective investment schemes may not be, directly or indirectly, offered or sold in the United States or any of its territories and possessions or areas subject to its jurisdiction or to or for the benefit of a US Person. By proceeding, users warrant not to be a US Person.
The Swan Asset Management’s website is not directed to any person in any jurisdiction where (by reason of that person's nationality, residence or otherwise) the publication or availability of the Swan Asset Management's website is prohibited. Persons in respect of whom such prohibitions apply must not access the Swan Asset Management's website.
Collective investment schemes not authorized for distribution
The following collective investment schemes contained in the website have not been authorized for public distribution in or from Switzerland by FINMA:
Swan Sicav-SIF - Bond Fund
Swan Sicav-SIF - Bond Enhanced Fund
Swan Sicav-SIF - Long Short Credit Fund
Swan Sicav-SIF - Multistrategy Fund
Consequently, the information relating to such collective investment schemes may only be accessible to qualified investors. Potential users are informed that the applicable Swiss regulations and FINMA’s practice may be subject. Therefore if you access the following pages, you acknowledge to be informed about the relating restrictions and to fully comply with the terms and conditions of the rules and regulations valid from time to time.
Swan Asset Management makes all reasonable efforts to obtain information it believes to be reliable. However, it does not give any guarantee that the information and opinions contained in the site and/or in the newsletters sent after subscription to the relevant service are accurate, complete, correct and truthful. Said information and opinions may be amended at any time without notice. Consequently, the information and opinions contained in the site and/or newsletters are provided for information purposes only and do not in any way constitute investment, legal or fiscal advice or advice of any kind. In any event, persons who access the site may not rely on the information and opinions contained in the site to make any investment or take any other decision. We suggest you speak to your financial adviser before making any investment decision. Consequently, the information and opinions contained in the site are provided without any express or implied guarantee.
Information on risks
The prices of the units of an investment fund or the shares of a SICAV and the income distributed in respect of those units or shares may fluctuate, because equity and money markets are generally volatile. A positive performance in the past is not a guarantee of a positive performance in the future. The redemption value of units may be lower than the initial investment value. Investments in foreign currencies may fluctuate in value owing to fluctuations in exchange rates. The equity markets and economies of developing countries often fluctuate significantly in value. Consequently, there is a higher level of risk associated with investments in investment funds with sub-funds investing in those markets. It may be impossible to realise an investment immediately and you may encounter temporary difficulties in selling it, realising the profits or obtaining accurate information as to its value or the degree of risk. Before making any investment in the funds on this site, you must carefully read the prospectus, any appendices and the warnings contained therein.
Swan Asset Management has no responsibility and provides no guarantee on the functioning of its web site neither assures that these shall not suffer from any interruption or may be error exempt, that possible errors shall be corrected or that the website or the servers used to make these publicly available are free of viruses or other potentially dangerous components.
Exclusion of liability
In no circumstances, including negligence, may Swan Asset Management be held liable for any damage of any kind, whether direct or indirect, arising out of or in relation to the access to, use of, services of, browsing or linking from and to other sites.
Swan Sicav-SIF - Bond Fund and Swan Sicav-SIF - Swan Long Short Credit Fund have not been authorized to be offered to the public in and out of Switzerland, and the information contained in the following pages do not constitute an offer or solicitation for the sale of the Funds.
Limitation of liability
Swan Asset Management refuses, without limitation, any and all liability for any loss or damage of any kind, including any direct, indirect or consequential damages, which might be incurred through the use of or access to Swan Asset Management's website, or any links to third-party websites. Furthermore, Swan Asset Management refuses any and all liability for any tampering with the Internet user's computer system by unauthorized parties. In this regard, Swan Asset Management expressly alerts you to the risk of viruses, and the possibility of targeted attacks by hackers. In order to combat viruses, it is recommended that the most recent browser versions be used, and that antivirus software be installed and continually updated. As a rule, the opening of any e-mail from an unknown source as well as any unexpected attachment to an e-mail message should be avoided.
Some links on Swan Asset Management's website may lead to third-party websites, whose management are completely out of Swan Asset Management's control. Accordingly, Swan Asset Management does not assume any responsibility for the accuracy, completeness and legality of the contents of such websites, or for any offers and services contained.
Use of Swan Asset Management’s website
All of the content in Swan Asset Management's website is subject to copyright with all rights reserved. You may save or print out a hard copy of individual pages and/or sections of the Swan Asset Management's website, provided that you do not remove any copyright or other proprietary notices. With any saving or otherwise copying from Swan Asset Management's website the terms and conditions for use shall be deemed to have been accepted. All property rights shall remain with Swan Asset Management. You may not reproduce (in whole or in part), transmit (by electronic means or otherwise), modify, link into or use for any public or commercial purpose Swan Asset Management’s website without the prior written permission of Swan Asset Management.
Where access to certain parts of this site is restricted and requires possession of a valid Username and Password, no other person should attempt to gain access to such part of the site.