As of September 2010
The legal and regulatory information on this website (“Information”) contains terms and conditions which apply to you and includes important information on our companies and applicable risk warnings. We intend to rely on this Information and for your own benefit you should read the Information carefully. If you do not understand any of the Information please do not hesitate to contact us.
The Information is not directed at any person or entity. The Information is intended only for use by users domiciled in the United Kingdom and is not intended for distribution or use in any jurisdiction or country where it is illegal or unlawful to access and use such information. Non-UK investors should consider their local regulations before considering investment. Odey disclaims all responsibility if you access or download any Information in breach of any law or regulation of the country in which you reside.
The Information is not directed at any person or entity in the United States, and this site is not intended for distribution or to be used by any person or entity in the United States unless those persons or entities are existing investors in funds managed by Odey and they have applicable US exemptions.
Accordingly, all persons who access this site are required to inform themselves of and to comply with all applicable sales restrictions in their home country.
Regulators and registered offices
In the United Kingdom the Odey group operates a number of regulated entities (collectively referred to as “Odey”):
Odey Asset Management LLP (“OAM”), is a limited liability partnership incorporated in England and Wales under number OC305952. It is authorised and regulated by the Financial Services Authority ("FSA").and registered as an investment adviser with the US Securities and Exchange Commission (“SEC”). It’s registered office is at 12 Upper Grosvenor Street, London, W1K 2ND.
Odey Wealth Management (UK) Limited is a limited company incorporated in England and Wales under number 05771936 ("OWMUK"), and is authorised and regulated by the Financial Services Authority ("FSA") and has its registered office at 12 Upper Grosvenor Street, London, W1K 2ND.
Odey Wealth Management (C.I.) Limited (“OWMCI”) is a limited company registered in Guernsey under number 48037 and is licensed by the Guernsey Financial Services Commission. It has its registered office at PO Box 533, Level 3 (North), St Julian's Court St Julian's Avenue, St Peter Port, Guernsey GY1 6EY.
The Information is provided for information purposes only and on the basis that you make your own investment decisions and do not rely upon it. Odey is not soliciting any action based on it and it does not constitute a personal recommendation or investment, legal, tax or other advice. Should you have any queries about the securities or investment funds referred to on this site, you should obtain specific professional advice for your personal circumstances before making any investment decision.
Past performance is not an indication of future performance. The value of investments and the income from them may go down as well as up and investors may not get back the amount invested. Because of this, you are not certain to make a profit on your investments and you may lose money.
Exchange rates may cause the value of overseas investments and the income arising from them to rise or fall.
The levels and bases of and reliefs from taxation may change. Any tax reliefs referred to are those currently available and their value depends on the circumstances of the individual investor. Investors should consult their own tax adviser in order to understand any applicable tax consequences.
Accuracy of Information
The Information (including any expression of opinion or forecast) has been obtained from, or is based on, sources believed by Odey to be reliable, but is not guaranteed as to its accuracy or completeness and should not be relied upon. The Information is provided without obligation on the part of Odey and on the understanding that any person who acts upon it or changes his investment position in reliance on it does so entirely at his own risk. The Information does not constitute an offer to buy or sell or an invitation to make an offer to buy or sell any of the securities or shares in any fund referred to herein.
Information is current only as at the date it is first posted and may no longer be true or complete when viewed by you. All Information may be changed or amended without prior notice although Odey does not undertake to update this site regularly.
Some of the Information may be provided by third parties and Odey accepts no responsibility or liability for the accuracy of such information.
In the UK only, OAM and OWMUK are covered by the Financial Services Compensation Scheme (“FSCS”). Eligibility depends upon the type of business and the circumstances of the claim. Most types of investment business are covered for up to £50,000 per eligible claimant. Further information about compensation arrangements is available from the FSCS (www.fscs.org.uk).
For details of compensation available in Guernsey please refer to the Guernsey Financial Services Commission website (www.gfsc.gg).
To obtain a copy of the Odey Complaints Handling Procedure or to make a complaint about this site please send a written complaint for the attention of the Compliance Officer at the registered address: 12 Upper Grosvenor Street, London W1K 2ND.
No representation, warranty or undertaking is given by Odey as to the accuracy or completeness of the Information by Odey and no liability is accepted by Odey for the accuracy or completeness of such Information. In no event will Odey 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 Odey is expressly advised of the possibility or likelihood of such damages. This does not exclude or restrict any duty or liability that Odey has to its customers under any regulatory system.
You should be aware that the Internet is not a completely reliable transmission medium. Odey 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. This does not exclude or restrict any duty or liability that Odey has to its customers under any regulatory system.
You agree to indemnify, defend, and hold harmless Odey, its affiliates and licensors, and the officers, partners, employees, and agents of Odey 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.
Odey and its partners, officers and/or employees may have holdings in the funds referred to on this site and may otherwise be interested in transactions that you effect in those funds.
Copyright, Trademarks and Other Rights
Copyright, trademarks, database rights, patents and all similar rights in this site and the Information contained are owned by Odey, its licensors or relevant third party providers. You may use the Information and reproduce it in hard copy for your personal reference only. The Information may not otherwise be reproduced, distributed, stored or transmitted without Odey’s written consent. Nothing on this site should be considered as granting any licence or right under any trademark of Odey or any third party.
You agree that your use of this site and any dispute arising from the use of this site is subject to English law and you submit to the jurisdiction of the English courts.
Privacy, Data Protection & Cookies
Odey is committed to safeguarding the personal information which you may provide to Odey through this site and to the extent that Odey collects any personal information, in the UK Odey will hold it in confidence in accordance with applicable Data Protection legislation.
You may be asked to voluntarily provide certain personal information details about you such as your name, address, telephone number, email address details and other information in connection with Odey’s customer registration procedures. Odey will use this information for the administration and servicing of your investments and other related activities and to ensure compliance with its obligations under the applicable regulatory regime. Odey may disclose the information to its agents and service providers.
Please note that by submitting personal information you are consenting to such information being processed for the purposes referred to above. You agree that Odey has the right to use and store such data on its internal systems and to transfer it to its associated companies (if applicable), whether inside or outside the European Union, for the purpose of providing services to you. You should also be aware that the level of protection in relation to the processing of personal data may not be the same in countries outside the European Union as in the United Kingdom.
You have the right to receive information about the personal data maintained about you for which we reserve the right to charge a fee. Should you believe such personal data is not correct, please write to the Data Protection Officer, Odey Wealth Management (UK) Limited, 12 Upper Grosvenor Street, London, W1K 2ND in the UK or PO Box 533, Level 3 (North), St Julian's Court St Julian's Avenue, St Peter Port, Guernsey GY1 6EY, if you are outside the UK.
Telephone calls made to Odey may be recorded and recordings may be used for training purposes or to meet Odey’s regulatory requirements. Any data provided during the call will be used and held in accordance with the relevant data protection requirements.