Please read these legal notices (the ‘Legal Notices’) carefully before using this web site (together with the information and content contained on, distributed through or linked, downloadable or accessible from this web site, the ‘Site’). By using the Site you agree to the following Legal Notices. If you do not agree with any of these Legal Notices, do not use this Site or use or download anything from it. Knight Vinke Asset Management LLC reserves the right to change or supplement these Legal Notices at any time and you agree to be bound by any such changes or supplements. You should visit this page from time to time to review the then-current Legal Notices because they are binding on you.

Copyright and Restrictions on Use

The information and content contained on, distributed through or linked, downloadable or accessible from the Site (the ‘Content’), including all design, text and pictures, are owned or used under license by Knight Vinke Asset Management LLC and its affiliates, and its and their respective officers, directors, employees and agents (together, ‘KVAM’). The Content is protected by U.S. and worldwide copyright laws and other intellectual property laws. No portion of the Content may be copied, modified, reproduced, transmitted, displayed, performed, stored, distributed, abridged, or otherwise used in any way without KVAM’s prior consent, except that you may download one copy of any portion of the Content on any single computer for your personal, non-commercial home use only as long as you keep intact all copyright and other proprietary notices.

The Content may not be taken out of context or presented in an unfair, misleading or discriminating way. You agree not to remove any copyright notice or other notice signifying the intellectual property or other proprietary rights of KVAM or any of its third party information providers (together with KVAM, ‘we’, ‘us’ or ‘our’) or any third party. Except as expressly provided in these Legal Notices, we do not grant any express or implied right to you under any copyright, trademark, or other intellectual property or proprietary right.

As a condition of your use of the Site, you warrant to KVAM that you will not use the Site for any purpose that is unlawful or prohibited by these Legal Notices. You agree not to use the Site in any manner that could damage, disable, overburden, or impair the Site or interfere with any other party’s use and enjoyment of the Site. You further agree not to interfere with or disrupt the Site or servers or networks connected to the Site, disobey any requirements, procedures, policies or regulations of networks connected to the Site or to access the Site by any means other than through the interface that is provided by KVAM for use in accessing the Site.

Trademarks

‘KVAM,”Knight Vinke,’ ‘KV,’ ‘KVC,’ ‘KVGP,’ ‘KVIP,’ and ‘KVS’ are service marks of Knight Vinke & Cie, S.A. and may only be used with express written permission from Knight Vinke & Cie, S.A. All other trademarks, service marks, logos, and trade names appearing on the Site are the property of their respective owners.

Disclaimers

All Content is obtained from sources believed by KVAM to be accurate and reliable. The Site includes facts, views, opinions and recommendations of individuals and organizations deemed by KVAM of interest. Because of the possibility of delays and human and/or mechanical error, as well as other factors, we are not and shall not be responsible for any delays, errors, inaccuracies or omissions in or on the Site. ALL CONTENT AND THE SITE ITSELF ARE PROVIDED ‘AS IS’ WITHOUT ANY WARRANTY OF ANY KIND. WE MAKE NO REPRESENTATIONS OR WARRANTIES. TO THE FULLEST EXTENT PERMITTED BY LAW, WE HEREBY EXPRESSLY DISCLAIM ANY AND ALL EXPRESS, IMPLIED AND STATUTORY REPRESENTATIONS AND WARRANTIES OF ANY KIND TO YOU AND/OR ANY THIRD PARTY INCLUDING, WITHOUT LIMITATION, ANY WARRANTY AS TO MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT, THE USE OR INABILITY TO USE THE SITE, OR THE CORRECTNESS, QUALITY, ACCURACY, INTEGRITY, RELIABILITY, PERFORMANCE, COMPLETENESS, TIMELINESS OR CONTINUED AVAILABILITY OF THE SITE. WITHOUT LIMITING THE FOREGOING, WE MAKE NO REPRESENTATION OR WARRANTY THAT THE SITE WILL CONFORM TO ANY DESCRIPTION THEREOF OR PERFORM ANY DESIRED OPERATIONS OR FUNCTIONS, BE UNINTERRUPTED OR ERROR-FREE, OR BE FREE OF VIRUSES, WORMS, TROJAN HORSES OR OTHER DISABLING OR HARMFUL COMPONENTS.

WITHOUT LIMITING THE FOREGOING, WE DO NOT REPRESENT OR ENDORSE AND HEREBY DISCLAIM ANY OBLIGATION OR RESPONSIBILITY TO VERIFY THE CORRECTNESS, QUALITY, ACCURACY, INTEGRITY, RELIABILITY, PERFORMANCE, COMPLETENESS, TIMELINESS, OR CONTINUED AVAILABILITY OF ANY OF THE CONTENT CONTAINED ON, DISTRIBUTED THROUGH OR LINKED, DOWNLOADABLE, OR ACCESSIBLE FROM THE SITE. You acknowledge that if you rely on any such Content, you do so at your sole and exclusive risk. KVAM reserves the right (but shall have no obligation) to make improvements and changes to and to discontinue, temporarily or permanently, any portion of the Site. You agree that KVAM shall not be liable to you or to any third party for any modification, suspension or discontinuance of all or any part of the Site.

The Site and any price information, quotes, forward-looking statements, forecasts, return estimates or indications of past performance are for informational purposes only, may not be current and do not guarantee future performance and do not constitute an offer, solicitation or recommendation with respect to the purchase or sale of any securities, investments or other property. The Site is produced for information purposes only and shall not serve as the basis for any of your investment decisions, and we shall not be or be deemed to be your financial advisor or fiduciary.

The Site is limited to the dissemination of general information about the services provided by KVAM. The Site does not constitute and should not be construed as an offering of advisory services. Responses to any inquiry which may involve rendering of personalized investment advice for compensation effecting or attempting to effect transactions in securities will not be made absent compliance with state broker-dealer, investment advisor, broker-dealer agent or investment advisor representative registration requirements, or applicable exemptions or exclusions from such requirements.

The Site may contain hyperlinks to sites operated by persons other than KVAM. Such hyperlinks are provided for your reference and convenience only. These linked sites are not under KVAM’s control and may be governed by their own terms of use. We have not developed or reviewed the content appearing in or on such linked sites and you agree not to hold us responsible for the content or operation of such linked sites. KVAM does not endorse any company or product to which it links. A HYPERLINK DOES NOT AND SHOULD NOT BE DEEMED TO IMPLY THAT KVAM IN ANY WAY ENDORSES OR SUPPORTS THE CONTENT, OPERATOR OR OWNER OF SUCH LINKED SITES. You understand that the linked sites may contain illegal or objectionable content or dangerous viruses or other disabling or harmful components. IF YOU DECIDE TO ACCESS ANY THIRD PARTY SITES LINKED TO THIS SITE, YOU DO SO AT YOUR SOLE AND EXCLUSIVE RISK. You assume, and KVAM disclaims, all responsibility for any loss or injury sustained by you as a user of any linked site.

IN NO EVENT WILL WE BE LIABLE TO YOU OR ANY THIRD PARTY FOR ANY LOSS, DAMAGE OR INJURY CAUSED, IN WHOLE OR IN PART WITH RESPECT TO OR IN CONNECTION WITH USE OF OR ACCESS TO THE SITE, INCLUDING ANY CONTENT, THESE LEGAL NOTICES, OR ANY TRANSACTION CONTEMPLATED HEREBY OR ANY OTHER MATTER RELATING TO THE SITE, IN TORT, CONTRACT, STRICT LIABILITY OR OTHERWISE, EXCEPT FOR LIABILITY ARISING OUT OF OUR GROSS NEGLIGENCE OR WILLFUL MISCONDUCT. WITHOUT LIMITING AND NOTWITHSTANDING THE FOREGOING, IN NO EVENT WILL WE BE LIABLE TO YOU OR ANY THIRD PARTY FOR ANY LOST PROFITS, LOST OPPORTUNITY, INDIRECT, SPECIAL, EXEMPLARY, CONSEQUENTIAL, INCIDENTAL OR PUNITIVE DAMAGES WHATSOEVER, EVEN IF WE HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

EXCEPT AS EXPRESSLY PERMITTED BY THESE LEGAL NOTICES, YOU AGREE THAT YOU WILL NOT FORWARD OR DISTRIBUTE ANY OF THE CONTENT TO ANY OTHER PERSON OR COPY THE CONTENT IN ANY MANNER WHATSOEVER, IN EACH CASE, WITHOUT KVAM’S PRIOR WRITTEN CONSENT. ANY DISTRIBUTION, FORWARDING OR COPYING OF THE CONTENT, IN WHOLE OR IN PART, WITHOUT KVAM’S PRIOR WRITTEN CONSENT IS UNAUTHORIZED AND STRICTLY PROHIBITED AND MAY RESULT IN A VIOLATION OF APPLICABLE SECURITIES AND OTHER LAWS.

You agree to indemnify and hold us harmless from any loss, damage or injury (including reasonable attorneys’ fees) suffered, incurred or asserted as a result of (a) any use by you of the Site, (b) any actions related to your receipt and use of the Content, whether or not authorized, and (c) any infringement by you of any of our intellectual property rights.

Some countries may provide rights in addition to those above or may not allow the exclusion or limitation of implied warranties or liability for incidental or consequential damages. Therefore, some of the above limitations may not apply to you or there may be provisions which supersede the above.

Any legal notice or disclaimer (or portion thereof) declared invalid is severable and shall not affect the validity or enforceability of the remainder of the Legal Notices. The terms of the Legal Notices are governed by the laws of the State of New York.

Knight Vinke is a highly focused and research driven institutional asset manager.

The majority of its clients are amongst the largest public pension funds and sovereign investment institutions in the world and this gives it the ability to take a truly long term approach to investing. Knight Vinke does not leverage its investments through the use of debt or short positions.

Knight Vinke uses fundamental research to identify value creation potential in complex public companies that are too large to be disciplined by the threat of takeover. These companies are frequently misunderstood, even by insiders, due to over-reliance on consolidated financial statements, information overload, and the use of wrong metrics to measure risk and performance.

Knight Vinke unlocks this value by engaging both in private and in public with the management, board and advisors of these companies. Recognizing the limitations of relying solely on shareholder support, Knight Vinke also engages with regulators, governments, taxpayers and other stakeholders who may have an alignment of interests with the shareholders.