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  Information on this Site

  The information on this website (“Information”) is issued by Odey Asset Management LLP, a limited liability partnership incorporated in England and Wales under number OC305952 ("Odey"), authorised and regulated by the Financial Services Authority ("FSA").

  The Information is not directed at any person in any jurisdiction where it is illegal or unlawful to access and use such information. 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 in the United States and this site is not intended to be used by any person in the United States unless those persons 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.

  Sales Restrictions

  United Kingdom: the funds referred to in the restricted part of this site (the "Restricted Area") are not recognised collective investment schemes for the purposes of the Financial Services and Markets Act 2000 of the United Kingdom (the "Act"). The promotion of such funds and the distribution of offering materials in relation to such funds in the United Kingdom is accordingly restricted by law.

  The information contained in the "Restricted Area" is only available to and directed only at persons to whom such funds may lawfully be promoted by a person authorised under the Act (an "authorised person") by virtue of Section 238(5) of the Act and Chapter 4 (Part 12) of the FSA Conduct of Business Sourcebook. Information must not be relied or acted upon by any other persons.

  The funds in the Restricted Area are not regulated under the UK's financial services regulations and investors in those funds will not benefit from the rules and regulations made under the Act for the protection of investors or from the Financial Services Compensation Scheme.

  Shares in the funds in the Restricted Area are not dealt in or on a recognised or designated investment exchange for the purposes of the Act, nor is there a market maker in such shares, and it may therefore be difficult for an investor to dispose of his shares.

  Access to the Restricted Area requires possession of a valid password and no other person should attempt to gain access to it.

  An application for shares in any of the funds referred to on this site should only be made having read fully the relevant prospectus.

  No Advice

  The Information is provided for information purpose 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 advice. Should you have any queries about the investment funds referred to on this site, you should contact your financial adviser.

  Risk Factors

  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.

  The funds in the Restricted Area may be subject to higher risk and volatility than other funds and may not be suitable for all investors. These funds are not regulated

  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 shares in any investment 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.

  No Liability

  No representation, warranty or undertaking is given as to the accuracy or completeness of the Information by Odey or any of its associated companies and no liability is accepted by such persons for the accuracy or completeness of such Information. In no event will Odey or any of its associated companies 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 the regulatory system in the United Kingdom.

  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 the regulatory system in the United Kingdom.

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  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.

  Material Interests

  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.

  Linked Websites

  This site may be linked to third party websites or contain information provided by third parties. Odey does not make any representation as to the accuracy or completeness of such websites or information, has not and will not review or update such websites or information, and cautions browsers that any use made of such websites or information is at their own risk. Odey does not accept any liability arising out of the information contained on any linked website or Information provided by a third party and the use of such sites and information is at your own risk. This does not exclude or restrict any duty or liability that Odey has to its customers under the regulatory system in the United Kingdom.

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  Copyright, trademarks, database rights, patents and all similar rights in this site and the information contained in it 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.

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  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.

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  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 UK 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.

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Overview

This is an unregulated fund and unsuitable for retail investors. Access to performance and other fund documents is restricted to registered users.

Investment Objective

The investment objective of the Fund is capital appreciation through investing in European securities, bonds and currencies and related financial instruments and non-European securities.

Comparative

Primary: Cash. Secondary: MSCI Europe Total Return index.

Structure

Open-ended investment company incorporated in the Cayman Islands. US$, EUR Shares and Class A and B £ Shares, registered, uncertificated, listed in Dublin.

Accounts Date

Financial year end 31st December.

Pricing

In order to protect the interests of existing shareholders the fund applies an anti-dilution levy of ½% on any subscriptions or redemptions.

Launch Date

1st June 1992.

Dividends

It is not envisaged that any income or gains derived from its investments will be distributed by the Fund by way of dividend other than in respect of Class B Shares. You should refer to the Prospectus for more information.

Charges

Management fee: 1%, Performance fee: 20% of net gains on an equalisation basis with an annual high-water mark, Front end charge: up to 5%, Exit fee: 1% in respect of shares held for less than one year.

Price Reporting

As well as on this site, prices are published daily in the Financial Times (Managed Funds Service under Odey Asset Management LLP); SEDOL/ISIN identifiers 3110423/KYG6708H1157 for EUR Shares, 3110434/KYG6708H1496 for US$ Shares, B00VSM0/KYG6708H1645 for Class A £ Shares and B2RGGH3/KYG6708H1728 for Class B £ Shares (this share class applies for distributor status retrospectively) respectively.

Investment Manager

Odey Asset Management LLP, Authorised and Regulated by the Financial Services Authority.

Administrator

Daiwa Europe Fund Managers Ireland Limited.

Custodian & Prime Broker

Morgan Stanley and Co. International Ltd., London and UBS London.

Auditors

Deloitte & Touche.

Listing Sponsor

McCann FitzGerald.

EU Savings Directive

Out of scope

EU Savings Directive