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The visitor acknowledges having read these Legal Notices and undertakes to respect them by consulting

Site editor

This site is operated and published by Boussard & Gavaudan Gestion SAS, which is a member of the Boussard & Gavaudan Group.

Boussard & Gavaudan Gestion SAS is a French asset management firm, authorised by France’s Autorité des Marchés Financiers (AMF) under the authorisation number GP03008.

The Boussard & Gavaudan Group includes these other investment management firms:
Boussard & Gavaudan Investment Management LLP is a UK investment management firm authorised by the UK Financial Conduct Authority (FCA) under the firm reference number 612226.

Boussard & Gavaudan America LLC is a US investment adviser registered with the US Securities and Exchange Commission (SEC) under the number 801-126465.

The publication director is Emmanuel Gavaudan.


The hosting of is provided by Boussard & Gavaudan Gestion SAS.

Access to the site

The user of this site acknowledges having the skills and means necessary to access and use this site. The Boussard & Gavaudan Group cannot be held responsible for any damage that may be suffered by the user's technical environment and in particular, his computers, software, network equipment and any other equipment used to access or use service and / or information. The costs of access and use of the telecommunications network are the responsibility of the customer, in accordance with the terms set by its access providers and telecommunications operators.

Intellectual property

The Boussard & Gavaudan Group is the owner, or holder of the rights, of all the elements that make up this site, in particular the data, drawings, graphics. Any reproduction, representation, distribution or redistribution, in whole or in part, of the content of this site by any means whatsoever without the express prior authorization of the Boussard & Gavaudan Group is prohibited.

Site content

This site only presents UCIs authorized for sale in France and accessible to French residents. It does not in any way constitute a solicitation or an offer to buy or sell securities. The information it contains is intended to inform the subscriber by completing certain financial characteristics of the UCI appearing in the information notice or in the prospectus. As a result, this information is inevitably partial and is subject to change. The information notice or prospectus must be offered to subscribers prior to subscription, submitted for subscription and made available to the public on request, as well as the latest available financial statements. BOUSSARD & GAVAUDAN reserves the right to correct the content of this site at any time and without notice. In addition, BOUSSARD & GAVAUDAN declines all responsibility in the event of delay, error or omission in the content of these pages as well as in the event of interruption or non-availability of the service. The information cited cannot be considered exhaustive. Consequently, these must be the subject of verification or research for additional information. BOUSSARD & GAVAUDAN cannot be held responsible for any decision taken on the basis of information contained on the site, nor for the use that may be made of it by third parties. Anyone wishing to benefit from one or more of the services and / or one or more products presented on the site is invited to contact BOUSSARD & GAVAUDAN to inquire about the contractual and pricing conditions applicable to this (or these) product ( s) and / or this (or these) service (s). Access to the products and services presented on the site may be subject to restrictions with regard to certain persons or in certain countries. None of the products and / or services will be provided by BOUSSARD & GAVAUDAN to a person if the law of his country of origin or of any other country which would concern him prohibits it. However, it is up to any interested person to check beforehand with his usual advisers that his legal and fiscal status allows him to subscribe to the products and / or services presented on the site.


The user is informed that during his visits to the site, a cookie may be installed automatically and be temporarily stored in memory or on his hard drive. A cookie is an element which does not allow the user to be identified but is used to record information relating to the user's navigation on the website. Site users acknowledge having been informed of this practice and authorize BOUSSARD & GAVAUDAN to use it. They can disable this cookie through the settings in their browser software. Warning regarding downloading and printing: Visitors can download or print certain information from this site. Only the information presented on the site is authentic. The visitor is solely responsible for the loss of data, a possible virus or bug, as well as any difficulties of any nature whatsoever resulting or which may result from the download.

Applicable law and attribution of jurisdiction

This site is governed by French law and all disputes will fall under the jurisdiction of the courts within the jurisdiction of the Paris Court of Appeal.

Examination of complaints

By application of the provisions of article L312-1-3 of the Monetary and Financial Code, the customer visitor is informed that his complaints can be sent by mail to the attention of his account manager or manager, or failing that to the address of the head office at 69 Boulevard Haussmann 75008 Paris - France.

Hypertext links

The hypertext links to other sites do not engage the responsibility of BOUSSARD & GAVAUDAN, in particular with regard to the content of these sites.


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You must read this before proceeding, as it explains both the legal and regulatory restrictions which apply to the information contained and investment products referred to within this Website.

Nothing on this Website shall be considered a solicitation to buy or an offer to sell a security, or any other product or service, to any person in any jurisdiction where such solicitation, offer, purchase or sale would be unlawful under the laws of that jurisdiction.

No investment recommendations or professional advice; use of tools. This Website is not intended to provide any tax, legal or investment advice, and nothing on the Website should be construed as a recommendation, by us or any third party, to acquire or dispose of any investment or security, or to engage in any investment strategy or transaction. You alone are solely responsible for determining whether any investment, security or strategy or any other product or service, is appropriate or suitable for you based on your investment objectives.

None of the information, whether in part or full, should be copied, reproduced or redistributed in any form nor should it be regarded as an offer or a solicitation of an offer for investment in the United States. No shares in these funds may be offered or sold to US Persons (as more fully defined in the latest Fund prospectus) or in any other country, state or jurisdiction where it would be unlawful to offer, solicit an offer for or sell such shares.

The information on this Website is issued and approved by Boussard & Gavaudan Investment Management LLP, Boussard & Gavaudan Management, LP and Boussard & Gavaudan Gestion SAS (“Boussard & Gavaudan”) and does not, in any way, constitute investment advice. If you are in doubt about any of the information on this Website, please consult your stockbroker, solicitor, accountant, bank manager or other independent financial adviser.

The prices of shares and units and income therefrom can go down as well as up, and you may not get back the full amount invested. Past performance is not an indicator, nor a guarantee of future performance. Currency fluctuations may affect the value of overseas investments. When investing in a fund denominated in a foreign currency, performance may also be affected by currency fluctuations. Where a fund invests in derivative instruments, this entails specific risks that may increase the risk profile of the fund and are more fully described in the Fund’s prospectus and in the relevant KIID. Where a fund invests in a specific sector or geographical area, the returns may be more volatile than a more diversified fund.

Subscriptions for shares or units in any fund managed by Boussard & Gavaudan can be made only on the basis of the current prospectus, the relevant Key Investor Information Document (“KIID”), accompanied by the latest available audited annual report and the latest semi-annual report if published thereafter (or other offering document) for that fund which more fully describes the investment risks.

This website is intended to be of general interest only and does not constitute legal or tax advice nor is it an offer for shares or invitation to apply for shares of any fund managed by Boussard & Gavaudan. Nothing in this website should be construed as investment advice. Boussard & Gavaudan has exercised professional care and diligence in the collection of information in this website. However, data from third party sources may have been used in its preparation and Boussard & Gavaudan has not independently verified, validated or audited such data. Given the rapidly changing market environment, Boussard & Gavaudan disclaim responsibility for updating this material. Boussard & Gavaudan shall not be liable to any user of this website or to any other person or entity for the inaccuracy of information or any errors or omissions in its contents, regardless of the cause of such inaccuracy, error or omission.

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