This document, any presentation made in conjunction herewith and any accompanying materials are preliminary and for information only. They are not an offering memorandum, do not contain any representations and do not constitute or form part of an offer or invitation to subscribe for any of Niche's funds (each, the ”Fund”). Further they do not constitute or form part of any solicitation of any such offer or invitation, nor do they (or any part of them) or the fact of their distribution, form the basis of, or can they be relied on, in connection with any contract therefor. The information contained in this report has been compiled exclusively by Niche Asset Management Ltd which is authorised and regulated by the Financial Conduct Authority (RN783048) and is registered in England & Wales 10805355. The information and views contained in this document are not intended to be complete and may be subject to change at any time. No representation, warranty or undertaking, stated or implied, is given as to the accuracy of the information or views in this document and no liability for the accuracy and completeness of information is accepted by Niche Asset Management Ltd and/or its partners. The investment strategy of the Fund is speculative and involves a substantial degree of risk of losing some or all of the capital invested. Market, political, counterparty, liquidity and other risk factors may have a significant impact on the investment objectives of the Fund, while past performance is not a guide or otherwise indicative of future results. The distribution of this document and the offering of the Fund's shares in certain jurisdictions may be restricted by law and therefore persons into whose possession this document comes should inform themselves about and observe any such restrictions. The Fund is not yet available for distribution in all countries, it will be only subject to registration with the local supervisory Authority. Potential investors are invited to contact Niche Asset Management Ltd. in order to check registration countries. Any failure to comply with these restrictions could result in a violation of the laws of such jurisdiction. Any reproduction of this information, in whole or in part, without the prior consent of Niche Asset Management Ltd is also prohibited. This document may only be communicated or passed to persons to whom Niche Asset Management Ltd is permitted to communicate financial promotions pursuant to an exemption available in Chapter 4.12 of the Financial Conduct Authority’s Conduct of Business Sourcebook (“COBS”) (“Permitted Recipients”). In addition, no person who is an authorised person may communicate this document or otherwise promote the Fund or shares therein to any person it the United Kingdom unless such person is both (a) a Permitted Recipient and (b) a person to whom an authorised person is permitted to communicate financial promotions relating to the Fund or otherwise promote the Fund under the rules in COBS 4.12 applicable to such authorised person. The securities referenced in this document have not been registered under the Securities Act of 1933 (the “1933 Act”) or any other securities laws of any other US jurisdiction. Such securities may not be sold or transferred to US persons unless such sale or transfer is registered under the 1933 Act or exemption from such registration. This document is intended for professional investors only. Potential investors are recommended to read carefully the Prospectus and the Key Investor Information Document (KIID) before subscribing.

Disclaimer - English

The information on this website is for informational purposes only. Use of this website is subject to the following terms. By using this website, you are deemed to have accepted these terms.

This Site is not directed at, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in any jurisdiction where such distribution, publication, availability or use would be contrary to applicable law or regulation or which would subject the firm to any registration or licensing requirement within such jurisdiction, such as the United States (but not limited to).

Neither this website, as a whole, nor any part hereof shall constitute an offer of or the solicitation of an offer to invest, or the sale of securities, nor shall there be any sale of any investments or commitments in connection with this website in any jurisdiction in which such offer, solicitation or sale would be unlawful, including the United Kingdom and the United States.

The contents of this website do not constitute investment, legal, tax or other advice and should not be taken as such. Niche Asset Management Limited acts as investment manager to funds on behalf of institutional and professional clients and does not offer investment advice or opportunities to retail clients as defined in the FCA handbook COBS 3.4.

The regulated services provided by Niche Asset Management Limited are only accessible to Eligible Counterparties or Professional clients as defined in COBS 3.5 & 3.6 or in the case of Fund investors COBS 4.12 of the Financial Conduct Authority handbook. As the firm is not permitted to deal with Retail clients this means that the same levels of protection afforded to Retail Clients would not be available to prospective clients of the firm. Please seek independent professional financial and legal advice if you are unsure of your categorisation.

Disclaimer - Italiano

I contenuti del presente sito internet hanno uno scopo meramente informativo. L’utilizzo di questo sito internet è soggetto all’accettazione delle condizioni sottoelencate. Accedendovi, si accettano tali condizioni.

Questo sito internet non è diretto a, né può essere distribuito a o utilizzato da alcuna persona o entità cittadino o residente situato in ogni giurisdizione dove la distribuzione, la pubblicazione, la disponibilità o l’utilizzo sarebbero contrari alle disposizioni legislative e regolamentari applicabili, o che assoggetterebbe la Società a procedure di registrazione o autorizzazione all’interno della medesima giurisdizione, come tra gli altri, e a titolo d’esempio, gli Stati Uniti.

Questo sito internet, sia nel suo complesso, sia in ogni parte di esso, non rappresenta un’offerta o una sollecitazione all’investimento, o alla vendita di strumenti finanziari, e non dovrà esservi alcuna vendita di qualsiasi investimento o impegni in relazione a questo sito internet in alcuna giurisdizione in cui una tale offerta, sollecitazione o vendita sarebbe contraria alla legge, incluso nel Regno Unito e negli Stati Uniti.

I contenuti presenti su questo sito internet non rappresentano in nessun caso un consiglio d’investimento, legale, fiscale o di altra natura e non dovrebbero essere considerati come tali. Niche Asset Management Limited agisce in qualità di gestore delegato di fondi d’investimento per conto di investitori istituzionali e di clienti professionale e non offre nessun tipo di servizio alla clientela retail, secondo la definizione riportata nel FCA handbook COBS 3.4.

I servizi di natura regolata forniti da Niche Asset Management Limited sono solamente disponibili a Controparti Idonee o a alla clientela professionale secondo la definizione riportata nel COBS 3.5 & 3.6 o nel caso di Investitori in Fondi nella sezione COBS 4.12 del Financial Conduct Authority handbook. Dal momento che alla Società non è permesso di avere alcun tipo di relazione con la clientela retail, gli stessi livelli di protezione accordati agli investitori retail non sono disponibili alla clientela di Niche Asset Managent. Si prega di richiedere una consulenza indipendente finanziaria e legale nel caso in cui si non sia sicuri rispetto alla propria profilazione.