Legal and Regulatory
Important Legal Information
This site is presented for informational purposes only. It is intended for your personal, non-commercial use. No information or opinions contained in this site constitute a solicitation or offer by Principalium Capital to buy or sell any investment instruments, to furnish any investment advice or service, or to conclude any legal act of any kind whatsoever.
This site does not provide specific investment advice. Also, it does not represent that the services described on the site are suitable for any specific investor. You are advised not to rely on any information contained in this site in the process of making a fully informed investment decision. Please note that investment in the futures and forward markets involves significant risk. Furthermore, users should note that past performance is not necessarily indicative of future results. Principalium Capital cannot and does not guarantee that any capital invested will maintain or increase in value.
The contents of this site are not intended for distribution to, or use by, any individual or entity in any jurisdiction where their distribution or use would be contrary to local law or regulation or which would subject Principalium Capital to registration with the jurisdiction. You should be aware that any rules and/or regulations applicable to providing financial services (and the resultant investor protections that may be available), may not apply to persons who obtain information from the internet and its various applications, of which this material forms part.
Principalium Capital does not guarantee the accuracy, completeness or timeliness of any information, either expressly or impliedly, for any particular purpose. Moreover, this information is subject to change at any time. Principalium Capital expressly disclaims any warranties of merchantability or fitness for a particular purpose. Principalium Capital will not be responsible for any loss or damage that could result from interception by third parties of any information available on this site.
Information contained on this site or any attachments herein, including pricing, valuation, and commentary on specific markets, if any, reflects the authors’ analysis and other information available as of the publication date indicated. Principalium Capital is under no obligation to update the information to reflect changes after the publication date. While any quotations, news, opinions, commentaries, recommendations, data, pricing and all other information contained on this site are believed to be reliable, Principalium Capital cannot and does not guarantee its accuracy, timeliness or completeness.
Neither Principalium Capital nor any of its directors, officers or employees, nor any third party vendor will be liable or responsible for any loss or damage that you may incur (i) in the event of a failure or interruption of this site, (ii) as the result of the act or omission of any other party involved in making this site or the data it contains available to you, or (iii) from any other cause relating to your access to, inability to access, or use of the site or these materials, whether or not the circumstances giving rise to such cause may have been within the control of Principalium Capital or of any vendor providing software or services support. In no event will Principalium Capital or any third-party vendor be liable to you for any direct, special, indirect, consequential, incidental damages or any other damages of any kind even if Principalium Capital or any other party had been advised of the possibility that these damages might occur.
Regulatory authority for Principalium Capital AG
Eidgenössische Finanzmarktaufsicht FINMA
Laupenstrasse 27
3003 Bern
Telefon: +41 31 327 91 00
E-Mail: info@finma.ch
Website: www.finma.ch
Ombudsman
Principalium Capital AG is affiliated with the independent ombudsman institution OFD, which is recognized by the Federal Department of Finance In the event of any disputes about legal claims between our clients and Principalium Capital AG, our clients can contact this ombudsman’s office at any time Information on any administrative costs in connection with mediation procedures can be found on
the website of the ombudsman’s office
Name Ombudsman’s Office: Verein Ombudsstelle Finanzdienstleister (OFD)
Bleicherweg 10, CH-8002 Zürich
Phone: +41 44 562 05 25
E-Mail: ombudsmann@ofdl.ch
Website: www.ofdl.ch
FinSA Client information
Based on the legal requirements of Art. 8 ff. of the Financial Services Act, we would like to supply you with this information sheet which provides an overview of Principalium Capital AG (hereinafter referred to as the «Financial Institution») and its services.
A. Company information
Address
Principalium Capital AG
Sihleggstrasse 23
8832 Wollerau, Switzerland
Phone: +41 79 404 6777
Email: info@principalium.com
Website: www.principalium.com
Supervisory Authority and Audit Firm
The financial institution has been licensed as a manager of collective investment schemes since and is therefore subject to prudential supervision by the Swiss Financial Market Supervisory Authority FINMA. Within the scope of this supervision, the financial institution is audited and reviewed annually by the audit firm SWA Swiss Auditors AG, both in terms of supervisory law and obligations. The address of FINMA and the audit firm can be found below.
Eidgenössische Finanzmarktaufsicht FINMA
Laupenstrasse 27
3003 Bern
Phone: +41 31 327 91 00
Email: info@finma.ch
Website: www.finma.ch
SWA Swiss Auditors AG
Bahnhofstrasse 3
Postfach 347
CH-8808 Pfäffikon SZ
Phone +41 (0)55 415 54 70
info@swa-audit.ch
Ombudsman
The financial institution is affiliated with the independent ombudsman OFD, which is recognized by the Federal Department of Finance. Disputes concerning legal claims between the customer and the financial services provider should be settled by an ombudsman’s office, if possible, within the framework of a mediation procedure. The address of OFD is stated below.
Name Ombudsman’s Office: Verein Ombudsstelle Finanzdienstleister (OFD)
Bleicherweg 10, CH-8002 Zürich
Phone: +41 44 562 05 25
E-Mail: ombudsmann@ofdl.ch
Website: www.ofdl.ch
B. Information on the offered financial services
The financial institution also provides asset management services for qualified investors in Switzerland and abroad.
The financial institution does not guarantee any yield nor performance of investment activities. The investment activity can therefore lead to an appreciation in value and to a depreciation in value.
The financial institution has the necessary licenses to perform the above services.
C. Client Segmentation
Financial service providers are required to classify their customers into a client segmentation as legally established. The Financial Services Act provides for «retail customers», «professional customers» and «institutional customers» segments. For each customer, a customer classification is determined within the framework of the cooperation with the financial institution. Subject to certain conditions, the customer may change the customer classification by opting in or opting out.
D. Information on risks and costs
General risks associated with financial instruments transactions
The investment advisory and asset management services involve financial risks. The financial institution shall provide all clients with the «Risks associated with Financial Instruments Transactions» brochure prior to the execution of the contract. This brochure can also be found at www.swissbanking.org
Clients of the financial institution may contact their client advisor at any time if they have any further questions.
Risks associated with the offered services
For a description of the various risks that may arise from the investment strategy for clients’ assets, please refer to the relevant Disclosure Memorandum, Investment Advisory or Asset Management Agreements.
Information on costs
A fee is charged for the services rendered, which is usually calculated on the assets under management and / or on a performance basis. For more detailed information, please refer to the relevant Asset Management Agreements.
E. Information about relationships with Third Parties
In connection with the financial services offered by the financial institution, commercial relationships with third parties may exist. The acceptance of payments from third parties and their treatment are detailed governed in the respective Asset Management Agreements.
F. Information on the market offer considered
The financial institution basically follows an «open universe approach» and tries to make the best possible choice for the client when selecting financial instruments. The financial institution’s own collective investments can – where appropriate – be used in the asset management mandates or recommended as part of investment advice.
G. Sustainability-related disclosures
Under Article 2 (22) of Regulation EU 2019/2088 on sustainability-related disclosures for the financial services industry, Sustainable Finance Disclosure Regulation or “SFDR”, a sustainability risk is “an environmental, social or governance event or condition that, if it occurs, could cause an actual or a potential material negative impact on the value of an investment”.
The investment strategies are designed to be diversified and not hold concentrated positions. This serves to mitigate the risk that any specific ESG event or condition will have a material negative impact on the overall value of a funds. Principalium monitors a range of data points to assess investment risks.
In accordance with the specific regime under Disclosures Regulation as amended by the Taxonomy Regulation, it is required to confirm whether the Fund has sustainable investments as its objective within the meaning of Disclosures Regulation. Accordingly, as at the date of this Supplement, the investments underlying the Fund do not take into account the EU criteria for environmentally sustainable economic activities.
No consideration of principal adverse impacts
Pursuant to Article 4(2) of the Sustainable Finance Disclosure Regulation (SFDR), Principalium opts out of the requirement to consider the adverse impacts of its investment decisions on sustainability factors. This approach is applied on the basis that Principalium has less than 500 employees and the current size and scale of its investment business is such that it cannot have any meaningful impact on ESG factors. Principalium will continue to review its approach and at such point it deems it appropriate, the adverse impacts of its investment decisions on sustainability factors, within the SFDR framework, will be considered.
Remuneration policy
Principalium has updated its remuneration policy to meet the requirements of SFDR. Principalium’s remuneration policy is designed to ensure that the remuneration of key decision makers is aligned with the management of short and long-term risks, including the oversight and where appropriate the management of sustainability risks in line with SFDR. Principalium’s remuneration policy is reviewed periodically or as required by regulations.