Please read the terms below carefully before using this Site. By using or visiting this Site you accept and agree to the terms of this legal notice. If you do not accept these terms, do not use this site. We may change any aspect of the site, or suspend it, at any time and without notice. We may also change these Terms and Conditions of Use at any time by posting a new version to the site. Any changes will be effective when posted. Your continued use of the site after a change to these Terms and Conditions of Use constitutes your acceptance of any changes to the Terms and Conditions of Use.

No Offering

The materials on the site are provided for general information purposes only and do not constitute professional or financial advice. Information on this site may not be accurate or current and may be rendered inaccurate by changes in law or regulation. Nothing on this site is intended to constitute an offer to sell or a solicitation of an offer to buy any interest in any investment vehicle managed by ACTIVE OWNERSHIP CAPITAL or any company in which ACTIVE OWNERSHIP CAPITAL or its affiliates have invested. You are responsible for obtaining your own legal, tax and financial advice before entering into any transaction or investment with a member of ACTIVE OWNERSHIP CAPITAL.

If it is illegal or prohibited in your country to access or use this site (because of the nationality or domicile of you or for other reasons), then you should not do so. You are responsible for compliance with all local laws and regulations.


The information on previous performance is no indication of the future performance of investments, i.e. their value may increase or decrease. Therefore, ACTIVE OWNERSHIP CAPITAL cannot guarantee that the invested capital will retain, or even increase, its value, as it may be subject to price fluctuations.

Privacy and Your Information

ACTIVE OWNERSHIP CAPITAL stores personal data on electronic data carriers or otherwise only to the extent that this is necessary for the performance of its services. Your personal data will be treated with the utmost confidentiality. In compliance with the laws of Luxembourg regarding data protection, privacy and the bank’s duty of secrecy, your personal data will not be disclosed to third parties without your consent. Whenever we use external service providers for data processing purposes, we will ensure that these are carefully selected in accordance with the applicable laws and are under an obligation to comply with the principles of data protection, privacy and the bank’s duty of secrecy. Please note that no encryption is used for data transmission via the internet and that your data can therefore be viewed by third parties during the transmission. For this reason, you should not send us any confidential data in this manner. Under Luxembourg’s data protection act, you have a right to view and correct your data. You can exercise this right by sending a written application, enclosing a photocopy of an official identification document, to Active Ownership Capital S.à r.l., 304 Route de Thionville, 5884 Hesperange, Luxembourg.

This website uses cookies - small data files which are downloaded on your hard disk so that the site can monitor your access to the site and recognizes that you have visited the site before, without identifying you. If you don't want to accept cookies, you should read the information that came with your browser software to see how you can turn off the automatic download feature.

Although we welcome suggestions and comments about the site and our business, we will not treat them as confidential and reserve the right to use them as we see fit.

This website uses Google Analytics, a web analytics service provided by Google, Inc. ("Google"). Google Analytics uses "cookies", which are text files placed on your computer, to help the website analyze how users use the site. The information generated by the cookie about your use of the website (including your IP address) will be transmitted to and stored by Google on servers in the United States. Google will use this information for the purpose of evaluating your use of the website, compiling reports on website activity for website operators and providing other services relating to website activity and internet usage. Google may also transfer this information to third parties where required to do so by law, or where such third parties process the information on Google's behalf. Google will not associate your IP address with any other data held by Google. You may refuse the use of cookies by selecting the appropriate settings on your browser, however please note that if you do this you may not be able to use the full functionality of this website. By using this website, you consent to the processing of data about you by Google in the manner and for the purposes set out above.

Use of Materials on the Site

You may download and print materials from this site solely for your personal use, but you may not use or copy them for commercial purposes, make more than a few copies of a given page or item or copy a substantial proportion of the site, except with our prior written permission. Requests for permission should be sent to Copies must not alter the original content and must reproduce our copyright notices.

Except as otherwise permitted herein, you may not modify, copy, distribute, transmit, display, perform, reproduce, publish, license, frame, create derivative of, transfer or otherwise use in any other way, in whole or in part, any information obtained from this site.


All content included on this site, such as graphics, logos, articles and other materials, is the property of ACTIVE OWNERSHIP CAPITAL or others and is protected by copyright and other laws. All trademarks and logos displayed on this site are the property of their respective owners, who may or may not be affiliated with ACTIVE OWNERSHIP CAPITAL. Except as expressly provided herein, we do not grant to you any express or implied rights with respect to this site or the material or information contained on this site.


Limitation on Liability

We make no commitment regarding the availability, performance or functions of the site and give no warranty that your access to the site or use of the materials on the site will be lawful in any particular jurisdiction - you are responsible for compliance with local law and regulation. Neither we, ACTIVE OWNERSHIP CAPITAL’s related companies or affiliates nor any of our respective directors, officers, employees, agents or other representatives will be liable for any loss or damage of any kind which arises or may arise as a result of or in connection with your use of (or inability to use) or reliance on information on the site or of any unavailability or failure of the site itself, including as a result of our negligence. You acknowledge that we provide the contents of this site on an "as is" basis with no warranties of any kind. Your use of this site and use or reliance upon any materials or information on it is solely at your own risk. We do not guarantee that material on this site will be free from infection, viruses, worms, Trojan horses and/or other similar code. You are responsible for virus checking and taking any other protective steps. ACTIVE OWNERSHIP CAPITAL’s liability is limited to the maximum extent permitted by law and is limited even if ACTIVE OWNERSHIP CAPITAL has been advised of the possibility of the damages, liability or injury that you suffer, including any damages, liabilities or injury caused by any failure of performance, error, omission, defect, interruption, delay in operation, computer virus, line failure or other computer malfunction.
The site was developed, and is hosted, by a third-party for whose acts and omissions we accept no responsibility.
There may be links from the site to external Internet sites. In addition, third-party sites may be linked to this site, with or without ACTIVE OWNERSHIP CAPITAL’s consent. Accordingly, we expressly disclaim any responsibility for the content, the accuracy of the information, the quality of services provided by or advertised on and/or software downloaded from any such third-party sites. Moreover, any link from the site to a third-party site does not constitute an endorsement by ACTIVE OWNERSHIP CAPITAL of any third-party site or the products or services provided by any third party, and ACTIVE OWNERSHIP CAPITAL takes no responsibility therefore.

If you are accessing this site from a jurisdiction that does not permit the limitation or exclusion of liability as described herein, the provisions of these Terms and Conditions of Use shall apply to the maximum extent permissible in such jurisdiction.


By accessing this site, you agree to indemnify ACTIVE OWNERSHIP CAPITAL and its affiliates, and each of their respective partners, stockholders, members, managers, officers, directors, employees, investment advisers and agents (collectively, the “ACTIVE OWNERSHIP CAPITAL Indemnitees”) against, and hold the ACTIVE OWNERSHIP CAPITAL Indemnitees harmless from, any and all claims, demands, debts, obligations, liabilities, damages (actual, consequential or special), costs and expenses of any kind whatsoever (collectively, “Claims”), including attorneys’ fees, arising from your use of this website. You hereby release the ACTIVE OWNERSHIP CAPITAL Indemnitees from any and all Claims that you may have against the ACTIVE OWNERSHIP CAPITAL Indemnitees arising out of or in any way related to such disputes.

Governing Law and Arbitration

The ACTIVE OWNERSHIP CAPITAL Website is operated by ACTIVE OWNERSHIP CAPITAL from its registered office in Hesperange. The access to this website and its utilisation are subject to the laws of the Grand Duchy of Luxembourg.
Any dispute arising out of or in connection with this site or these Terms and Conditions of Use shall be governed solely by the laws of the Grand Duchy of Luxembourg, without regards to conflicts of law rules, and shall be settled by arbitration in accordance with the Rules of Arbitration of the International Chamber of Commerce in effect at the time of the arbitration. The seat of the arbitration shall be Luxembourg, Luxembourg. At ACTIVE OWNERSHIP CAPITAL's discretion, hearings may for convenience take place at an alternative location. The language of the arbitration shall be English. The arbitration award shall be final and binding on the parties.
You must commence any cause of action you may have with respect to your use of this site within one year after the claim or cause of action arises. If, for any reason, any provision in these Terms and Conditions of Use is determined to be unenforceable, that provision shall be enforced to the maximum extent permissible so as to effect the intent of these Terms and Conditions of Use, and the remainder shall continue in full force and effect. Any failure or delay by ACTIVE OWNERSHIP CAPITAL in enforcing an obligation or exercising a right under these Terms and Conditions of Use does not amount to a waiver of that obligation, or right or any other obligation or right.

Local Restrictions

The distribution of material on this site may be restricted by the laws or regulations of the country from which you are accessing this site. The information on this site is not intended for distribution to or use by any person or entity in any jurisdiction or country where such distribution would be contrary to local law or regulation. This applies in particular to citizens, residents or entities of the United States of America and the United Kingdom. We make no warranties that the materials on this site are appropriate or available for use in such locations.