Legal Notice

This website is published by Toscafund Asset Management LLP ("Toscafund"), which is authorised and regulated by the Financial Conduct Authority. It is intended for Eligible Counterparties and Professional Clients only as defined in the Financial Services and Markets Act 2000 as amended from time to time. It is not intended for Retail Clients as defined therein.

The collective investment schemes managed by Toscafund are unregulated collective investment schemes, which under UK legislation may only be promoted to persons who are sufficiently experienced and sophisticated to understand the risks involved and satisfy the criteria relating to investment professionals. Persons other than those who would be regarded as investment professional must not act upon the information in this document or acquire units in the scheme to which this document relates.

The information contained in this document is believed to be accurate but no warranty is given as to its accuracy and the information, opinions or estimates are subject to change without notice.

The information contained in this document does not constitute a distribution, an offer to sell or the solicitation of an offer to buy any securities or products in any jurisdiction in which such an offer or invitation is not authorised and/or would be contrary to local law or regulation. Specifically, this statement applies to the United States of America ("USA") (whether residents of the USA or partnerships or corporations organised under the laws of the USA, state or territory), South Africa and France. Any offering is made only pursuant to the relevant offering document and the relevant subscription application, all of which must be read in their entirety. No offer to purchase securities will be made or accepted prior to receipt by the offeree of these documents and the completion of all appropriate documentation.

No liability is accepted by any person within Toscafund for any losses or damage arising from the use or reliance on the information contained in this document including, without limitation, any loss or profit, or any other damage; direct or consequential.

The content of this document may not be reproduced, redistributed, or copied in whole or in part for any purpose without Toscafund's prior express consent. This document is not an advertisement and is not intended for public use or distribution.

Past performance is not an indicator of future performance.

The source of all graphs and data is as stated, otherwise the source is Toscafund Asset Management LLP


This website is prepared by Toscafund Global Limited (“TGL”). TGL is regulated by the Dubai Financial Services Authority (“DFSA”). Financial products or services related to this document will only be made available to wholesale customers who TGL is satisfied meet the regulatory criteria to be a “Client”, as defined under the Rules and Regulations of the Dubai International Financial Centre (“DIFC”).

TGL makes no representation or warranty, express, implied or otherwise, regarding future performance. The market value of any security and estimated income may be affected by changes in economic, financial, and political factors (including, but not limited to, spot and forward interest), time to maturity, market conditions, and volatility and the credit quality of any issuer or reference issuer.

The value of investments may rise or fall against the interest of investors and certain investments may carry unusually high risks.  Information and data in this document has been obtained or derived from sources believed by TGL to be reliable, however, TGL does not represent or endorse the accuracy, completeness, timeliness or reliability of any information or data provided in or by this document. Information and data provided in or by this document may be time sensitive or subject to change without notice. Use of the information and data in this document is at the risk of the user.

TGL expressly disclaims, to the fullest extent permitted under the Rules and Regulations of the DIFC, any and all warranties, express, implied or otherwise, including without limitation (a) any warranties as to the accuracy, completeness, or content of information in this document and (b) warranties of fitness for a particular purpose or against infringement.

TGL shall not be responsible or liable for liabilities, damages, losses, claims, causes of action, or proceedings (including without limitation indirect, consequential, special, incidental, or punitive damages) arising out of or connection with the use of this document or any errors or omissions in its content.

Nothing herein limits or excludes any duty or liability to any person under the Regulatory Law 2004 or the “Rules”, as defined under the Rules and Regulations of the DIFC.

This document (or any part thereof) may not be reproduced, published, disseminated, quoted or referred to (in whole or part) in any manner or for any purpose, and no references (public or otherwise) to TGL may be made without TGL’s specific written consent in each instance.


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