Use of this Grosvenor Fund Management Limited (“GFM”) section of the grosvenor.com website (the “GFM Website”) is subject to the following terms and legal notices (“Conditions”). You are being asked to agree to these Conditions because: (a) you are accessing the GFM Website for the first time or (b) you are accessing the GFM Website from a different section of the grosvenor.com website.
The information in the GFM Website was prepared by GFM only for, and is directed only at, the limited categories of persons described under “LEGAL NOTICES” below. The information in this GFM Website is not intended for the use of and should not be relied on by any other person.
GFM is registered in England, with Company Number 04056191 and its registered office at 70 Grosvenor Street, London W1K 3JP.
This GFM Website contains general information about GFM and related entities and is intended for informational purposes only. The information contained on this GFM Website is not an offer to sell or a solicitation of an offer to purchase interests in any fund managed by GFM or a related entity, nor is it intended to provide, and should not be relied on for, investment, tax, legal or financial advice. Investors should seek applicable professional advice for their particular situation. The information contained herein is a summary only, is not complete, and does not include certain material information, including potential conflicts of interest and risks associated with an investment with GFM and its related entities.
No representation, warranty or undertaking, express or implied, is given as to the accuracy or completeness of the information or opinions contained in the enclosed materials, including hyperlinks or references to other sites, by GFM or its related entities, and no liability is accepted by such persons for the accuracy or completeness of any such information or opinions, to the fullest extent permissible by applicable law. Users are responsible for evaluating the adequacy, accuracy, reliability, merchantability, non-infringement, and/or completeness of any information or the content available on this GFM Website or fitness for any particular purpose with respect to this GFM Website or any of its content. The estimates, strategies, and views expressed herein are based upon past or current market conditions and/or data and information provided by unaffiliated third parties (which has not been independently verified) and is subject to change without notice. An investment with GFM is speculative and contains significant risks, including the risk of loss of some or all of an investment, and is intended only for sophisticated investors who meet certain eligibility criteria. Such investments are not deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by any government or any other agency.
Information displayed on this GFM Website may contain material that is interpreted as a financial promotion for purposes of the Financial Services and Markets Act 2000 of the United Kingdom (the “FSMA”). GFM is not an authorised person for purposes of the FSMA, and accordingly, the communication of information on this GFM Website is provided only for and is directed only at persons in the UK reasonably believed to be of a kind to whom such promotions may be communicated by an unauthorised person pursuant to an exemption under the FSMA (Financial Promotion) Order 2005 (the “FPO”). Such persons include: (a) persons having professional experience in matters relating to investments (“Investment Professionals”) and (b) high net worth bodies corporate, partnerships, unincorporated associations, trusts, etc. falling within Article 49 of the FPO (“High Net Worth Businesses”). High Net Worth Businesses include: (i) a corporation which has called-up share capital or net assets of at least £5 million or is a member of a group in which includes a company with called-up share capital or net assets of at least £5 million (but where the corporation has more than 20 shareholders or it is a subsidiary of a company with more than 20 shareholders, the £5 million share capital / net assets requirement is reduced to £500,000); (ii) a partnership or unincorporated association with net assets of at least £5 million and (iii) a trustee of a trust which has had gross assets (i.e. total assets held before deduction of any liabilities) of at least £10 million at any time within the year preceding the promotion. Any investment opportunities mentioned in this GFM Website are available only to such persons, and persons of any other description in the UK may not rely on the information in it. Most of the protections provided by the UK regulatory system, and compensation under the UK Financial Services Compensation Scheme, will not be available.
GFM is established in the United Kingdom, which is a member state of the European Economic Area (the “EEA”). Accordingly, this GFM Website is issued by GFM to the categories of persons described in the paragraph above that are both resident in and accessing this GFM Website from any member state of the EEA in reliance on its rights under the Directive on Electronic Commerce (2000/31/EC). The member states of the EEA are: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovak Republic, Slovenia, Spain, Sweden and the United Kingdom.
If you are not resident in an EEA member state or you are viewing this GFM Website in a country that is not an EEA member state, information displayed on this GFM Website contains material that may be interpreted by the relevant authorities in the country from which you are viewing the GFM Website as a financial promotion or an offer to purchase securities. Accordingly, the information on this GFM Website is only intended to be viewed by persons who fall outside the scope of any law that seeks to regulate financial promotions in your country of residence or in the country in which the GFM Website is being viewed. Examples of such persons may be governmental agencies, persons sufficiently experienced in investment business to appreciate the risks associated with investment services promoted on this GFM Website, large corporations and trusts and high net worth individuals. These examples are not country specific, may not be relevant to the country in which the GFM Website is being viewed and are provided for illustration purposes only. If you are uncertain about your position under the laws of your country of residence or the country in which the GFM Website is being viewed then you should consult your legal adviser.
Notice to Persons in the United States:
With respect to U.S. investors, investments in funds managed by GFM or a related entity are restricted to institutional investors who meet certain eligibility requirements. Any potential investor should satisfy him or herself that an investment in any product of GFM or a related entity is permissible under the rules and regulations of his or her domicile. This GFM Website is not directed to any person in any jurisdiction where the publication or availability of this GFM Website is or would be prohibited.
GFM SECURITIES LLC BUSINESS CONTINUITY PLAN DISCLOSURE
GFM Securities LLC (the “Firm”) has developed a Business Continuity Plan (the “Plan”) to enable it to meet its obligations to you, its customers, in the event of a significant business disruption (“SBD”). The Firm could be affected by either internal or external SBDs. Internal SBDs specifically affect the Firm’s ability to communicate and do business (e.g., a fire in the building). External SBDs prevent the operation of the securities markets generally, or affect a number of firms (e.g., a terrorist attack or a wide-scale, regional disruption). The Firm’s response to an external SBD relies more heavily on other organizations and systems.
The Firm’s objective in the event of an internal or external SBD is to (i) safeguard the lives of its associated persons; (ii) safeguard Firm property and books and records; (iii) assess its financial and operational needs; and (iv) allow you to continue to transact business with us; and (v) quickly recover and resume operations.
The Firm regularly backs-up its hard-copy and electronic records.
In the event of an SBD, the Firm will assess the means of communication available to it. Where possible, the Firm will continue to communicate with you using the same means of communication as it has traditionally used in the past. However, if that means of communication is unavailable, the Firm will use the means closest in speed and form to that which the Firm has used to communicate with you in the past. In the event of an SBD that prevents the Associated Persons from using the Firm’s regular business locations, the Associated Persons will work from an alternative location.
If you wish to reach the Firm in the event of an SBD, please call (215) 575-3700 and a voicemail message will direct you as to how to reach appropriate Firm personnel.
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. YOU SHOULD CONSULT WITH YOUR LEGAL, TAX, FINANCIAL, AND OTHER ADVISORS PRIOR TO MAKING AN INVESTMENT WITH GROSVENOR.
The related entities of GFM include:
In the United Kingdom, Grosvenor Investment Management Limited, which is registered in England (Company Number 02774291) with its registered office at 70 Grosvenor Street, London W1K 3JP and which is authorised and regulated by the Financial Conduct Authority.
In the United States, Grosvenor Fund Management Inc., is registered as an investment adviser with the U.S. Securities and Exchange Commission. (“SEC”). Placement agent activities of GFM are conducted through GFM Securities LLC (“GFMS”), which is registered as a broker-dealer with the SEC and is a member of both the Financial Industry Regulatory Authority (“FINRA”) and the Securities Investor Protection Corporation (“SIPC”). GFMS may only transact business in those states in which it is registered or qualifies for an exemption or exclusion from registration requirements.
In Japan, Grosvenor Fund Management Japan Limited provides financial services and products under its Kanto Local Finance Bureau (Kinsyo) License No 1956 issued by The Financial Services Agency, the Japanese Government and real estate investment advice as authorised under its Discretionary Real Estate Investment Advisory Business, License No. Sogo 63 issued by the Ministry of Land, Infrastructure, Transport and Tourism. It is also authorised to transact real estate business under its Real Estate Transaction Business License No. Tokyo Governor (2) 87514 issued by the Tokyo Metropolitan Government.
By clicking “I ACCEPT” below, you consent to the above Conditions and, in particular, you confirm that either:
(a) you are resident in and accessing this GFM Website from one of the United Kingdom or another member state of the EEA and you qualify as an exempt category of person under the FPO (such as an Investment Professional or High Net Worth Business, as described under “LEGAL NOTICES” above); or
(b) you fall outside the scope of any law that seeks to regulate financial promotions both in the country of your residence and in the country in which you are viewing this GFM Website, and therefore by accessing this GFM Website you will not contravene or cause Grosvenor to contravene any such law.