Important Legal Information / Website Terms of Use


The webpage of Twelve Capital AG is aimed exclusively at institutional/professional investors agreeing to be legally bound by the terms and conditions below.

The information provided on this Site is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution, publication or use would be contrary to local law or regulation or or where Twelve Capital AG or its affiliates does not hold any necessary registration or licence. Natural and legal persons who are prohibited, whether on grounds of nationality or residence or other grounds should not access or use this Site.  The services described may not available nor offered to US persons and may not (and will not) be publicly offered to persons residing in any country restricting the offer of such services.

No offer or recommendation

The information on this Site is for informational purposes only, does not constitute a prospectus, a request/offer, nor a recommendation of any kind, e.g. to buy/subscribe or sell/redeem investment instruments or to perform other transactions including the provision of any advisory or management services in any jurisdiction. In particular, the information on the website should not constitute nor be construed as an offer to sell or solicitation to invest in any shares or units of any Twelve Capital managed funds (each a “Fund” and together the “Funds”).

Investment risks

The investment instruments mentioned herein involve significant risks including the possible loss of the amount invested. Where the investment has exposure to overseas assets, changes in exchange rates between currencies may cause the value of the investment and the level of income to rise and fall. Investors should understand these risks before reaching any decision with respect to these instruments. Past performance is no indication or guarantee of future performance. Future returns depend upon future economic conditions.

An investor should only subscribe to a Fund by completing and submitting the relevant subscription agreement after reading the latest appropriate Fund prospectus/offering memorandum (together with relevant supplements), the latest audited annual report and if need be the subsequent unaudited semi-annual report as well as additional relevant documentation according to local laws. The subscription agreement, the Fund prospectus / offering memorandum (together with relevant supplements) and the simplified prospectus (if applicable) as well as the annual and semi-annual report can be obtained, free of charge, on demand.

Information on this site

The information contained on the Twelve Capital Site relates to the products and services offered by Twelve Capital which is provided in an objective manner and is not intended to constitute financial, legal or tax advice nor does it constitute a recommendation, guidance or proposal in respect of any product or service mentioned herein You are advised to contact a specialist for this type of information. In particular, it is recommended that you consult a tax consultant for information about applicable tax laws as tax treatments depend on the individual circumstances of each person and may be subject to change in the future.

While every effort has been made to ensure the accuracy of information contained on this website, Twelve Capital and its directors, officers and employees provide no representation or warranty, expressed or implied, regarding the accuracy, completeness or correctness of information contained herein.

 Any expressions of opinion, estimates and projections on  this Site are those of the authors at the time of publication and may be subject to change without warning .  Twelve Capital and its affiliates may discontinue, make changes in the information or services relating thereto, at any time without prior notice.  Any dated information is relevant at that date only and no obligation or responsibilities taken by Twelve Capital to amend or update such information.


No representation, warranty, undertaking, guarantee or assurance is given regarding the actuality, accuracy or completeness of information (whether received from public sources or whether prepared by itself or not) and no liability is accepted by Twelve Capital or any of its associated companies for the accuracy or completeness of such information. This is the case even though all information on Twelve Capital webpages is based on sources considered to be reliable and have selected carefully. Information on Twelve Capital webpages may be changed at any time without notification. Date-marked information is exclusively published for the corresponding date. There is no obligation on the part of Twelve Capital to update this information.

In no event will Twelve Capital, inclusive of its representatives, employees, contractors and contractual partners be liable to any person for any direct, indirect, special or consequential damages or losses which are directly or indirectly connected with information regarding the funds not being current, correct or complete or with access to Twelve Capital webpages being temporarily interrupted. Furthermore, in no event will Twelve Capital or its associated companies be liable for the following damages: loss of profit; damages as a result of business interruption; loss of programs or data on your equipment; futile expenditure of time; indirect damages and/or consequential damages; or otherwise, even in the case that the possibility of damages was pointed out or foreseeable.

You should be aware that the Internet is not a completely reliable transmission medium. Twelve Capital 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. Twelve Capital does not warrant that the Site or any content therein will uninterrupted or error free or that defects will be corrected or that the servers from which it may be available will be free of viruses, Trojan horses, worms, software, bombs or similar items or processes or other harmful components.

You agree to indemnify, defend, and hold harmless Twelve Capital, its affiliates and licensors, and the officers, partners, employees, and agents of Twelve Capital 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.

Website rights

The entire content of the website is protected by copyright (all rights reserved). Copyright, trademarks, database rights, patents and all similar rights in this website and the information contained in it are owned by Twelve Capital, its licensors or relevant third party providers. Source for all data and charts (if not indicated otherwise): Twelve Capital. Except as otherwise agreed in writing or to the extent necessary to use the Site in accordance with these terms and conditions, you shall not: (1) copy the Site in whole or in part; (2) display, reproduce, create derivative works from, transmit, sell, distribute, rent, lease, sublicense, time-share, lend or transfer or in any way exploit the Site in whole or in part; (3) embed the Site into other products; (4) use the Site in any timesharing arrangement; (5) create function calls or other embedded links from any software program to the Site; (6) remove or obscure any copyright notice of Twelve Capital or any of its suppliers; (7) use any trademarks, service marks, domain names, logos, or other identifiers of Twelve Capital or any of its third party suppliers; or (8) except to the extent permitted under by law, reverse engineer, decompile, disassemble, or access the source code of the Site.

The Information may not otherwise be reproduced, distributed, stored or transmitted without Twelve Capital’s written consent. Nothing on this site should be considered as granting any licence or right under any trademark of Twelve Capital or any third party.

Linked websites

This site may be linked to third party websites or contain information provided by third parties. Twelve Capital 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. Twelve Capital 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.   No warranties, either express or implied, concerning the content of such Sites are made, including relating to the accuracy, completeness, reliability or suitability thereof for any particular purpose, nor does Twelve Capital warrant that such website or content is free from any claims of copyright, trademark or other infringement of the rights of third parties or that such site or content is devoid of viruses or other contamination. No guarantee as to the authenticity of documents on the Internet is given. Links to off-Site web pages do not necessarily constitute sponsorship or affiliation of, with or by Twelve and should not be construed as such. All opinions, recommendations, views, news, information and other content contained in any third person sites are solely those of the third persons, and Twelve Capital disclaims all responsibility and liability for such content.

This does not exclude or restrict any duty or liability that Twelve Capital has to its customers under the regulatory system in Switzerland.

Past Performance. Past performance is no indication of future performance, and nothing on this Site should be interpreted to state or imply otherwise. The value of investments may fall as well as rise and investors may not get back the full amount invested. Changes in rates of foreign exchange may cause the value of investments to go up or down.

Modifications. Twelve Capital reserves the right to change the terms and conditions under which this Site is offered without further notice to you. Your continued use of this Site shall signify your agreement with and understanding of any additional or modified terms or conditions applicable to this Site, which additions and modifications can be made at any time, without notice.

Termination. This Site and access to it can be terminated at any time, with or without notice, and for any reason. Termination of your access to and use of the Site does not relieve you of any obligations arising or accruing prior to such termination or limit any liability that you otherwise may have to Twelve Capital.

Assignability. These Terms of Use will be binding on and will inure to the benefit of the legal representatives, successors and assigns of the parties hereto. Twelve Capital may assign the terms and conditions under these Terms of Use in whole or in part at any time without your consent. Your obligations contained in these Terms of Use shall not be assigned or delegated. Any purported assignment of the terms and conditions contained in these Terms of Use in violation of its terms shall be void.

No Waiver of Rights. No failure of either party to enforce any of its rights under these Terms of Use will act as a waiver of such rights.

Enforceability. If any portion of any provision of these Terms of Use is found invalid or unenforceable, that provision shall be enforced to the maximum extent possible and the remaining provisions of these Terms of Use shall remain in full force and effect.

Governing Law

These Terms are governed by and interpreted in accordance with Swiss laws. You agree that your use of this site and any dispute arising from the use of this site is subject to Swiss law and you submit to the exclusive jurisdiction of the Swiss courts concerning any matter arising from these Terms of Use or from your accessing the Site.

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