Disclaimer

HICL is a Bermudan incorporated investment company, listed and traded on the London Stock Exchange. HICL is not authorised or regulated by the Financial Conduct Authority or by the Bermuda Monetary Authority as an authorised fund under the Investment Funds Act 2006 of Bermuda. Hanseatic Asset Management LBG (“HAML”) is the delegated Portfolio Manager and HICL’s Alternative Investment Fund Manager (‘AIFM’) and Hansa Capital Partners LLP (“HCP”) is the Additional Administrative Services Provider . HAML is licensed and regulated in Guernsey by the Guernsey Financial Services Commission (“GFSC”), and HCP is authorised and regulated by the Financial Conduct Authority (“FCA”) in the United Kingdom. Whilst the website draws information from a number of sources, HCP operate this website on behalf of HICL.

The website and information provided is intended for information purposes only. It is not intended as an offer or solicitation for the purchase of sale of any financial products or transaction. Any comments made do not necessarily represent the view or opinions of HCP and may be subject to change without notice. This information is not intended to provide and should not be relied upon for accounting, legal or tax advice, investment recommendations or investment advice.

The distribution of information and documentation contained in this website may be restricted by law in certain countries and any persons who access this website are required to inform themselves and to comply with such restrictions. This website is directed at persons in the United Kingdom (“UK”). Information contained within this website is not for distribution outside the UK and under no circumstances should this information or any part of it be copied, reproduced or redistributed. Potential investors who are resident in, or citizens of countries other than, the UK may be subject to other local restrictions. Specifically, HICL shares have not been, and will not be, registered under the United States Security Act of 1933 (as amended) or the securities laws of any states of the United States or under any of the relevant securities laws of Canada, Australia, the Republic of South Africa or Japan or their respective territories or possessions. Accordingly, the shares may not (unless an exemption from such Act or such laws is available) be offered, sold or delivered, directly or indirectly, in or into the United States, Canada, Australia, the Republic of South Africa or Japan. The Company is not registered under the United States Investment Company Act 1940 (as amended) and investors will not be entitled to the benefits of such legislation.

Please note that the value of investments and the income derived from them may fluctuate and you may not receive back the amount originally invested. Past performance is no guarantee of future performance. Currency exchange rate movements may also affect the value of investments. 

 Information within this website, views expressed, or references made, should not be construed as investment advice or an investment recommendation. The investments referred to on this website may not be suitable for all investors. A suitability assessment has not been undertaken in relation to an individual’s own investment knowledge/experience, financial situation or risk tolerance. Accordingly, investment decisions should not be made solely on the basis of information on this website. If unsure about the suitability of the investment or about the meaning of any information provided, prospective investors are strongly recommended to seek appropriate investment advice from a professional financial adviser, and to ensure they inform themselves of any applicable legal requirements, foreign exchange restrictions, and income and taxes consequences relevant to countries of their citizenship, domicile and/or residence.

Nothing on this website constitutes investment, legal, tax or other advice nor should it be relied upon in making an investment decision.

Risk Factors

Currency risk

HICL Invests in overseas securities. Changes in the rates of exchange may also cause the value of your investment (and income it may pay) to go up or down.

Private Companies

Unlisted investments such as private companies, in which HICL has a significant investment, can increase risk. These assets may be more difficult to sell, so changes in their prices may be greater.

Derivatives and hedging

HICL will not invest in derivatives but may hold derivatives for efficient portfolio management and hedging purposes. The use of instruments to hedge a portfolio carries certain risks, including the risk that that the relevant hedging arrangements may prove to be ineffective or may not achieve their intended purpose.

Cash and cash-equivalent investments

A proportion of HICL assets may be held in cash or cash-equivalent investments from time to time. While these assets are generally considered low risk, there is a risk that the counterparties with whom such cash and cash equivalents are held may fail or otherwise be unable to meet their obligations, resulting in a loss. In addition, when assets are held in cash or cash-equivalent investments, they will be out of the market and will not benefit from positive stock market movements. Returns on cash and cash equivalents are typically low and may not keep pace with inflation or other investment opportunities.

Credit and counterparty risk

Credit risk is the risk that an issuer or counterparty will be unable or unwilling to meet a commitment that it has entered into. HICL is exposed to potential failure by counterparties to deliver securities for which the Company or the Combined Group, has paid and to pay for securities which the Company and, following Completion, the Combined Group has delivered. Risks relating to unsettled transactions are reduced as a result of the relatively short settlement periods involved and the credit quality of the brokers used.

For full detail of the risks associated by investing in HICL shares, investors and prospective investors should refer to the current prospectus for the Company.