Terms & Conditions

Important Information Regarding the Use of this Website.


By using this website you agree to these terms and conditions. If you do not agree to accept and be bound by these terms and conditions you must not use this website and should exit it immediately.

This website and these terms and conditions are issued by Tenax Capital Limited
Registered office: Dominican House, Priory   Court, Pilgrim Street, London EC4V 6DE
Registered No. 5193344

Tenax Capital Limited is authorised and regulated by the Financial Conduct Authority. You can access their website at www.fca.org.uk (External site, opens in a new window).

The information available on this site does not constitute an offer of, or an invitation to apply for or purchase any securities. In particular, the information does not constitute an offer of, or an invitation to apply for or purchase securities in any jurisdiction where such offer or invitation is unlawful or in which the person making such an offer is not qualified to do so or to whom it is unlawful to make such offer or solicitation. The distribution of this information in written format is generally restricted to the UK.

This site is targeted at, and intended for the use of, UK residents. No offer or invitation is made to any other persons. In particular, no offer or invitation is made to any US persons (being residents of the United States of America or partnerships or corporations organised under the laws of the United States of America or any state, territory or possession thereof), who are currently excluded from the services or products offered in this site.

The information has been issued and approved by Tenax Capital Limited and does not in any way constitute investment, legal, tax or other advice. Before making any investment you should read, understand and retain the relevant investment product documentation. If you are in any doubt about any of the information on this website, or the suitability of any investment to your needs, please consult your financial or other professional adviser.

The products or investment services managed by Tenax Capital Limited are not considered suitable for retail investors. Therefore, certain areas of the website are password protected, or require additional confirmation that you are an appropriately experienced or qualified investor.

Where this website contains links other websites, the links are provided solely for your convenience and do not constitute any endorsement, sponsorship or approval of the content of such sites.

Risk Warnings

Please note the following risk warnings:

  • The past performance of an investment is not a guide to future performance.
  • The value of investments, and the 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. Any tax reliefs mentioned are those currently available and are subject to change.     
  • If the funds hold securities denominated in a currency other than sterling, changes in exchange rates may affect the value of your investment.
  • The deduction of charges and expenses means that you may not get back the full amount you invested.

Unregulated Collective Investment Schemes

The funds managed by Tenax Capital Limited are unregulated collective investment schemes, the promotion of which in the United Kingdom is restricted by Section 238 of the Financial Services and Markets 2000 Act (the "Act"). Shares may not be offered or sold by an authorised person in the United Kingdom other than to investors of a kind described in the Financial Services and Markets Act 2000 (Promotion of Collective Investment Schemes) (Exemptions) Order 2001, namely: firms authorised to carry on investment business under the Act; and institutional and other investors who have experience of alternative, unregulated investments.

Distribution of shares in the Funds may be restricted in other jurisdictions and you should satisfy yourself of investment, tax and other relevant requirements of the jurisdiction in which you are domiciled before making any investment. In particular, the Funds have not been registered under the United States Securities Act 1933 or the Investment Company Act 1940.

Any document or narrative contained in this website does not constitute an offer or an invitation to subscribe for shares in the Funds. Shares may only be subscribed pursuant to and on the terms of the offering memorandum published by the Fund.

Fund Risks

The use of borrowing, leverage and derivative instruments results in certain risks; some of which are described below. Leveraged investments, by their nature, increase the potential loss to investors resulting from any depreciation in the value of such investments. Consequently, a relatively small price movement in a leveraged instrument may result in a substantial loss to the Fund. The market in some investments may be relatively illiquid, bringing with it potential difficulties in acquiring, valuing and disposing of such investments. Proper information for determining their value or the risks to which they are exposed may also not be available.

Some investments may be denominated in a currency other than the currency in which the Funds' investments are valued and/or in a currency other than an investor’s base currency, the movement of exchange rates may have a separate effect on the gain or loss otherwise experienced on those investments.

The value of investments, as well as the income from them, may fall as well as rise and there can be no guarantee that investors will receive back the amount originally invested in the Funds.

Legal Notice

The entire contents of the site are subject to copyright with all rights reserved.  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 the site without the prior written permission of Tenax Capital Limited.

Tenax Capital Limited may make changes to the website materials at any time without notice and without obligation to update the materials contained on these web pages.

This site shall be governed by, and your browsing in and use of the site shall be regarded as a deemed acceptance of,UK law. A condition of using the site is that, in the event of any dispute or proceeding, you irrevocably submit to the exclusive jurisdiction of the UK 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.

Each time you use the site, a condition of use is that you comply with the above terms.