1. Introduction

Information within this Website has been issued and approved by Parus Finance (UK) Limited (‘Parus’), authorised and regulated by the Financial Conduct Authority. The information does not in any way constitute investment, legal, tax or other advice and is intended for information purposes only.

Any user of this Website who is considering an investment decision or other involvement in connection with funds mentioned herein should first obtain independent advice and consult or review all relevant factors with (among others) their own financial, legal and tax advisors. Any investment decision or transaction may only be made pursuant to legal documentation (and not least, the funds’ offering documentation, and as relevant, the key investor information document) prepared for specific use in connection with such investment decision or transaction. In addition, any such investment decision or transaction remains subject to applicable legal and regulatory restrictions, including the prospective investor meeting applicable eligibility criteria.

2. Intended Audience

This Website contains information about Parus Fund PLC, Parus Fund LLC, and Parus Global Opportunities Fund, each defined as an unregulated collective investment scheme (and for these purposes only, collectively referred to as the ‘UCI Funds’), and InRIS UCITS PLC, together, the ‘Funds’.

The promotion of and investment in the UCI Funds in the United Kingdom are accordingly restricted by law. Most of the protections provided by the UK regulatory system will not apply to investments in the UCIS Funds. Reliance on this promotion for the purpose of buying the units or participations to which the promotion relates may expose an individual to a significant risk of losing all of the property or other assets invested. This Website is exempt from the scheme promotion restriction (in section 238 of FSMA) on the communication of invitations or inducements to participate in unregulated schemes on the grounds that it is made to the following persons only:

a) investment professionals as defined by article 14 of the Financial Services and Markets Act 2000 (Promotions of CIS) (Exemptions) Order 2001 (the ‘Promotion of CIS Order’), including persons authorised under FSMA, persons exempt from the requirement to be so authorised, governments, local authorities and international organisations and persons having professional experience of participating in unregulated collective investment schemes;

b) persons falling within article 22(2) (‘high net worth companies, unincorporated associations, etc.’) of the Promotion of CIS Order as set out below:

  • Companies with called-up share capital or net assets of either (a) in the case of a company with more than 20 members or which is a subsidiary of a company with more than 20 members, not less than £500,000 or (b) in the case of any other body corporate, not less than £5 million.
  • Any unincorporated association or partnership which has net assets of not less than £5 million;
  • The trustee of a trust in which the aggregate value of the cash and investments exceeds £10 million;

c) persons eligible under the FCA Handbook Conduct of Business rule 4.12, including per se Professional Clients, Eligible Counterparties and existing investors in similar strategies as the Funds which are being wound down; or

d) to whom communications relating to invitations or inducements to engage in investment activity may otherwise lawfully be made.

3. No Warranty

Information within this Website is believed to be correct and accurate at the time of inclusion but is subject to change without notice. Parus gives no warranties as to the accuracy of information provided herein and expressly disclaims any liability arising from any use to which such data may be put.

4. No Offer

Nothing contained within this Website shall be construed as constituting an offer or solicitation to purchase, or an offer to sell, shares in the Funds or in any other investment or participation, in any jurisdiction whatsoever. The provision of the information within this Website does not constitute an offer to purchase securities to any person in the United States or to any U.S. Person as such term is defined under the Securities Act of 1933, as amended. The information within this Website about Parus and/or any of its affiliates is not directed to any person in the United States. This Website and its content are not for distribution in any jurisdiction where it is contrary to the applicable law in that jurisdiction.

5. No Reliance

It is the responsibility of investors to satisfy themselves that any investments made from the information in this Website are suitable for them and applications should only be made by reference to the appropriate application forms and other offering documentation. Any opinions offered in this Website are those of Parus and may change without notice at any time. They are expressly not offered as investment advice and no reliance should be placed upon them in the making of investment decisions or the buying and selling of securities of any type whatsoever.

6. Limitations of Liability

To the maximum extent permitted by applicable law or regulatory requirements, neither Parus nor any of its affiliates, directors, employees or other representatives shall be liable for any errors, inaccuracies or omissions on this Website or for any loss or damage resulting from its use, whether caused by negligence or otherwise. This limitation of liability includes any damages, losses, costs, claims, liabilities or expenses arising out of or in connection with the use of this Website (whether under contract, tort, statute or otherwise arising). This limitation of liability shall apply to all damages, losses, costs, claims, liabilities and expenses of any kind whether direct or indirect and consequential, including (but without limitation) any direct, special, indirect or consequential damages arising out of or in connection with the access of, use of, performance of, browsing in or linking to other sites from the Website, legal costs or expenses, direct loss of profit, direct loss of anticipated savings, loss of data, indirect loss of profit, indirect loss of anticipated savings, loss of revenue, loss of business, loss of use of money, loss of opportunity or loss of or damage to property and/or any wasted expenditure and third party claims. If for any reason any part of these Terms and Conditions is deemed to be unenforceable then the validity of the remaining terms shall not be affected. All disclaimers, terms, conditions as set out in this Website shall form part of these Terms and Conditions of use of this Website.

7. Indemnification

As a condition of your use of this Website, you agree to indemnify and hold Parus harmless from and against any and all claims, losses, liability, costs and expenses (including but not limited to legal fees) arising from your use of this Website, or from your violation of these Terms and Conditions.

8. Third Party Websites

Where this Website contains links that lead to third party websites, these links are provided solely for your convenience and do not constitute any endorsement, sponsorship or approval of the materials appearing in such sites. Parus accepts no responsibility for the content of such third-party websites.

9. Risk Factors

The Funds have risk factors peculiar to the type of vehicles that they represent. Some, but not all, details of these risks are contained in the relevant prospectus or other offering documentation. Potential investors should familiarise themselves with these risks. Please note the following general risk warnings: The past performance of an investment is not a guide to future performance and no information within this Website should be interpreted to state or imply otherwise. The value of investments, and any income from them, may go down as well as up and is not guaranteed so an investor may not get back the amount originally invested. Investment in the Funds may not be suitable for all investors. Any tax reliefs mentioned are those currently available and are subject to change. Where charges are taken wholly or partly out of a Funds’ capital, any distributable income will be increased at the expense of capital which will either be eroded or future growth constrained.

Rates of exchange may also cause the value of investments to go up or down. Fluctuation may be particularly marked in the case of a higher volatility fund and the value of an investment may fall suddenly and substantially. Any objective or target will be treated as a target only and should not be considered as an assurance or guarantee of performance of any fund or any part of it. The objectives and policies of any fund includes a guide to the main investments to which a fund is likely to be exposed but no such fund is necessarily restricted to holding these investments only.

10. Copyright

The entire content of this Website is subject to copyright of Parus with all rights reserved. If you download or print out a hard copy of individual pages and/or sections of the Website, you may not remove any copyright or other proprietary notices. Any downloading or otherwise copying from the Website will not transfer title to any software or material to you. You may not reproduce (in whole or in part), transmit (by electronic means or otherwise), modify, link into or use for any public or commercial purpose all or any portion of the Website without the prior written permission of Parus.

11. Law and Jurisdiction

This Website is established in England by Parus in accordance with and shall be governed by, and your browsing in and use of this Website shall be deemed acceptance of, the laws of England and Wales. A condition of using this Website is that in the event of any dispute or proceeding you irrevocably submit to the exclusive jurisdiction of the English Courts and waive any objection to proceedings in such courts on the grounds of venue or on the grounds that the proceedings have been brought in an inconvenient forum.