LTAS Capital LLP ("LTAS") is a limited liability partnership registered in England and Wales (No. OC348642) with its registered address at 1st Floor, 314 Regents Park Road, London N3 2LT.

LTAS is authorised and regulated by the Financial Conduct Authority (the "FCA").

Use of Site

Use of this website is subject to the following terms and legal notices ("Conditions"). You may not use this website for any purpose that is unlawful or prohibited by these Conditions.


The contents of this website are directed only at persons who would be defined as Professional Clients and Eligible Counterparty clients under the rules of the FCA. The services provided by LTAS are only available to persons classified as Professional Clients and Eligible Counterparties (as defined by the FCA). As such, no reliance should be placed on anything contained in this website by persons other than Professional Clients and Eligible Counterparty clients. In particular, persons who are Retail Clients (as defined by the FCA), should not act or rely upon the information provided in this website and the services referred to herein will not be available to such persons.

Any information provided on this site regarding funds advised by LTAS is not directed to any United States person or any person in the United States, any state thereof, or any of its territories or possessions.

Information displayed on this website contains material that may be interpreted by the relevant authorities in the country from which you are viewing the website as a financial promotion or an offer to purchase securities. Accordingly, the information on this 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 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 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 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 website is being viewed then you should consult your legal adviser.

No Reliance

The information and opinions contained herein have been compiled or arrived at in good faith based upon information obtained from sources believed to be reliable. However, such information has not been independently verified and no guarantee, representation or warranty, express or implied, is made as to its accuracy, completeness or correctness. All such information and opinions are subject to change without notice. Descriptions of entities and securities mentioned herein are not intended to be complete.

No Offer

This website is for information purposes only. This website is not, and should not be construed as, an offer, or solicitation of an offer, to buy or sell any securities or other financial instruments. Shares of the investment funds described herein are offered solely on the basis of the information and representations expressly set forth in the relevant offering circulars, and no other information or representations may be relied upon in connection with the offering of the shares.

Risk Warning

Performance information is not a measure of return to the investor, is not based on audited financial statements, and is dated; return may have decreased since the posting of information in this website. Past performance is not an indication of future results.

The value of investments and any income from them may go down as well as up. You may not get back all of your original investment.

Rates of exchange may cause the value of underlying investments to go up or down.

No Advice

Content included in this website is owned by LTAS or its licensors and may be accessed for your own personal, non-commercial use only (whether or not it is confidential). No part of this website may be reproduced, distributed, published or delivered to any other party for any purposes.

Intellectual Property

Content included in this website is owned by LTAS or its licensors and may be accessed for your own personal, non-commercial use only (whether or not it is confidential). No part of this website may be reproduced, distributed, published or delivered to any other party for any purposes.

Non-Independant Research

Any research published on this website should be considered a marketing communication for purposes of the FCA rules. Such research has not been prepared in accordance with legal requirements designed to promote the independence of investment research and it is not subject to any prohibition on dealing ahead of the dissemination of investment research.

Any of the associated companies of LTAS may, to the extent permissible by applicable law or regulation, use the material contained in this website and the conclusions, research and analysis on which it is based before the material is disseminated to their customers. Not all customers will receive the material at the same time. LTAS, their respective members, officers, representatives, employees, and/or related persons may have a long or short position in any of the securities or other financial instruments mentioned herein at any time and may make a purchase and/or sale, or offer to make a purchase and/or sale of any such securities or other financial instruments from time to time in the open market or otherwise, in each case either as principal or agent. LTAS may from time to time perform capital market services or other services for, or solicit capital market business or other business from, any entity mentioned herein.


Like many websites, this website may use "cookies". A cookie is a piece of data stored on a user's device containing information about the user's visit. Cookies are of various types and have different purposes including:

Google Analytics cookies: LTAS use these cookies to track information about a user's visit, time and duration of visit, pages viewed, visit source/referring site, and time zone. LTAS use the information to check the usefulness of our website and help us improve it and so enhance visitor's experience of its visitors.

Cookies to keep track of logon ids and system favorites so that the visitor does not have to log on or set favorites on every visit.

You can use settings in your browser to prevent this website storing cookies on your device. You can find out how to do this, and find more information on cookies, at:

No Warranty; Liability

LTAS does not warrant as to the adequacy, accuracy, reliability or completeness of any information on the website and expressly disclaims any liability for errors or omissions therein. You are responsible for evaluating the adequacy, accuracy, reliability and completeness of any information or the content available on the website.

LTAS makes no guarantee as to the adequacy, accuracy, reliability or completeness of any information on any website to which you gain access via a hypertext or other link from this website.

If you are in any doubt about the information contained on this website, please contact us or consult your usual professional adviser.

LTAS will not be liable for any damages (including without limitation loss of profit or loss of use) arising out of your use or delay or inability to use this website, its content or any link to another website arising in contract, tort (including negligence) or otherwise. LTAS does not however exclude liability for death or personal injury caused by negligence.

ConfidentialityCertain parts of this website are accessible only with a password. If LTAS issues you with a password (a "Password") you shall keep it confidential and not share it with any other person. You shall keep content accessed with a Password confidential and not disclose it to any other person. This does not apply to any content which comes into the public domain other than through your breach of these Conditions. You shall be responsible for any access to the website (whether or not authorised by you) made using such Password.

Data Protection

LTAS may collect personal data about you such as your name, address, telephone number, email address details and other information as part of the registration process for this website and during your use of it. LTAS uses this information to provide this website and other services to you. Data is processed in compliance with UK data protection law.

You also agree that LTAS has the right to transfer personal data to its associates and affiliates and service providers, whether inside or outside the EEA, for the purpose of providing services to you.

Please note that by submitting personal data you are consenting to such information being processed for the purposes referred to above.


LTAS may terminate your access and use of any part of this website at any time without notice (whether or not you are in breach of any of these Conditions).


LTAS does not control, endorse and is not responsible for the availability or content of any third party websites available via this Website through a link.

Law and Jurisdiction

These Conditions shall be governed by and interpreted in accordance with English law and the courts of England shall have non-exclusive jurisdiction to hear all disputes arising in connection with these Conditions.

By continuing to use this website you consent to the above Conditions and, in particular, you confirm that:

1. you qualify as a Professional Client or Eligible Counterparty under the FCA rules; and

2. either:

(a) you are resident in and accessing this website from the United Kingdom; 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 website, and therefore by accessing this website you will not contravene or cause LTAS to contravene any such law.