Information on this Website The information on this website is issued inside and outside the United Kingdom by Northwood Capital LLP, which is authorised and regulated by the Financial Services Authority (“FSA”).  To the extent this information is accessed by a person in the United Kingdom, the sales restriction set out below shall apply.  The information on this website is not directed at any person in the United States and this website is not intended to be used by any person in the United States.  The information on this website is not directed at any person in any jurisdiction where it is unlawful to access and use such information. Sales Restrictions United Kingdom: The investment funds referred to on this website are not recognised collective investment schemes for the purposes of the Financial Services and Markets Act 2000 of the United Kingdom (the “Act”).  The promotion of such investment funds and the distribution of offering materials in relation to such funds in the United Kingdom is accordingly restricted by law. The information contained on this website is directed only at persons who are both (a) intermediate customers or market counterparties for the purposes of the FSA Conduct of Business Sourcebook (“COBS”) and (b) of a kind to whom such investment funds may lawfully be promoted by a person authorised under the Act (an “authorised person”) by virtue of Section 238(5) of the Act and Annex 5 of Chapter 3 of COBS.  Shares in the investment funds referred to on this website are only available to such persons and information on this website must not be relied or acted upon by any other persons. Investors in the investment funds referred to on this website will not benefit from the rules and regulations made under the Act for the protection of investors, nor from the Financial Services Compensation Scheme. Shares in the investment funds referred to on this website are not dealt in or on a recognised or designated investment exchange for the purposes of the Act, nor is there a market maker in such shares, and it may therefore be difficult for an investor to dispose of his shares otherwise than by way of redemption. General It may be illegal to download the information contained in this website in certain countries and Northwood Capital LLP and its associated companies disclaim all responsibility if you download any information from this website in breach of any law or regulation of the country in which you are residing. Where access to any part of this website is restricted and requires possession of a valid password, no other person should attempt to gain access to such part of the website. An application for shares in any of the investment funds referred to on this website should only be made having read fully the relevant prospectus.  It is your responsibility to use such prospectus and by making an application you will be deemed to represent that you have read such prospectus and agree to be bound by its contents. No Advice Nothing contained in this website constitutes investment, legal, tax or other advice, nor is it to be relied upon when making investment or other decisions.  The information on this website is provided solely on the basis that you make your own investment decisions.  Should you have any queries about the investment funds referred to on this website, you should contact your financial adviser. Risk Factors Past performance may not be repeated and should not be seen as a guide to future performance. The value of investments and the income from them may go down as well as up and investors may not get back the amount originally invested.  Because of this, you are not certain to make a profit on your investments and you may lose money. Exchange rates may cause the value of overseas investments and the income arising from them to rise or fall. The levels and bases of and reliefs from taxation may change.  Any tax reliefs referred to are those currently available and their value depends on the circumstances of the individual investor. Investors should consult their own tax adviser in order to understand any applicable tax consequences. Accuracy of Information The information contained on this website (including any expression of opinion or forecast) has been obtained from, or is based on, sources believed by Northwood Capital LLP and its associated companies to be reliable, but is not guaranteed as to its accuracy or completeness.  Such information is provided without obligation on the part of Northwood Capital LLP and its associated companies and on the understanding that any person who acts upon it or changes his investment position in reliance on it does so entirely at his own risk.  The information contained on this website does not constitute an offer to buy or sell or an invitation to make an offer to buy or sell shares in any investment fund referred to herein. Information posted on this website is current only as at the date it is first posted and may no longer be true or complete when viewed by you.  All information contained on this website may be changed or amended without prior notice although neither Northwood Capital LLP nor any of its associated companies undertakes to update this website regularly. No Liability Neither Northwood Capital LLP nor any third party shall be liable to you or any third party for any loss or damage, direct, indirect or consequential, arising from (i) any inaccuracy or incompleteness in, or delays, interruptions, errors or omissions in the delivery of the data or any other information supplied to you through this website or (ii) any decision made or action taken by you or any third party in reliance upon the data.  Neither Northwood Capital LLP nor a third party shall be liable for loss of business revenues, lost profits or any punitive, indirect, consequential, special or similar damages whatsoever, whether in contract, tort or otherwise, arising from the use of this website, even if advised of the possibility of such damages incurred by you or any third party. TO THE EXTENT PERMITTED UNDER APPLICABLE LAW, NORTHWOOD CAPITAL LLP IS NOT PROVIDING ANY WARRANTIES AND REPRESENTATIONS REGARDING THIS WEBSITE.  WE DISCLAIM ALL WARRANTIES AND REPRESENTATIONS OF ANY KIND WITH REGARD TO THIS WEBSITE, INCLUDING ANY IMPLIED WARRANTIES OR MERCHANTABILITY, NON-INFRINGEMENT OF THIRD PARTY RIGHTS, FREEDOM FROM VIRUSES OR OTHER HARMFUL CODE, OR FITNESS FOR A PARTICULAR PURPOSE.  WE DO NOT WARRANT THE ACCURACY, ADEQUACY OR COMPLETENESS OF THE INFORMATION AND MATERIALS CONTAINED ON THE WEBSITE AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS OR OMISSIONS IN THE MATERIALS AND INFORMATION.  NOTHING HEREIN SHALL BE CONSTRUED AS LIMITING OR REDUCING NORTHWOOD CAPITAL LLP’S RESPONSIBILITIES AND OBLIGATIONS TO CLIENTS IN ACCORDANCE WITH APPLICABLE LAWS AND REGULATION. TO THE EXTENT PERMITTED UNDER APPLICABLE LAW, UNDER NO CIRCUMSTANCES WILL NORTHWOOD CAPITAL LLP BE LIABLE FOR ANY CONSEQUENTIAL, INCIDENTAL, SPECIAL, PUNITIVE OR EXEMPLARY DAMAGES ARISING OUT OF ANY USE OF OR INABILITY TO USE THIS WEBSITE OR ANY PORTION THEREOF, REGARDLESS OF WHETHER NORTHWOOD CAPITAL LLP HAS BEEN APPRISED OF THE LIKELIHOOD OF SUCH DAMAGES OCCURRING AND REGARDLESS OF THE FORM OF ACTION, WHETHER IN CONTRACT, WARRANTY, TORT (INCLUDING NEGLIGENCE), STRICT LIABILITY, FRAUD, OR OTHERWISE. Material Interests Northwood Capital LLP, its associated companies and its and their members and/or directors, officers and/or employees may have holdings in the investment funds referred to on this website and may otherwise be interested in transactions that you effect in those funds. Linked Websites This site may be linked to third party websites or contain information provided by third parties. Neither Northwood Capital LLP nor any of its associated companies makes any representation as to the accuracy or completeness of such websites or information, have not and will not review or update such websites or information, and caution you that any use made of such websites or information is at your own risk.  Neither Northwood Capital LLP nor any of its associated companies accepts any liability arising out of the information contained on any linked website or information on this website provided by a third party and the use of such websites and information is at your own risk.  This does not exclude or restrict any duty or liability that Northwood Capital LLP has to its customers under the regulatory system in the United Kingdom. Copyright, Trademarks and Other Rights Copyright, trademarks, database rights, patents and all similar rights in this website and the information contained in it are owned by Northwood Capital LLP, its associated companies, their licensors or relevant third party content providers.  You may use the information on this website and reproduce it in hard copy for your personal reference only.  Such information may not otherwise be reproduced, distributed, stored in a data retrieval system or transmitted, in any form or by any means - electronic, mechanical, photocopying, recording or otherwise - without the prior written permission of Northwood Capital LLP.  Nothing on this website should be considered as granting any licence or right under any trademark of Northwood Capital LLP, its associated companies or any third party. Governing Law You agree that your use of this website and any dispute arising in relation to this website is subject to English law and you submit to the jurisdiction of the English courts in connection with any such dispute. Conditions of Use If you have read and understood these conditions of use you may click the “I agree – continue” button to proceed.  By doing so you acknowledge that you understand the conditions of use and agreed to abide by them.]Information on this Website The information on this website is issued inside and outside the United Kingdom by Northwood Capital LLP, which is authorised and regulated by the Financial Services Authority (“FSA”).  To the extent this information is accessed by a person in the United Kingdom, the sales restriction set out below shall apply.  The information on this website is not directed at any person in the United States and this website is not intended to be used by any person in the United States.  The information on this website is not directed at any person in any jurisdiction where it is unlawful to access and use such information. Sales Restrictions United Kingdom: The investment funds referred to on this website are not recognised collective investment schemes for the purposes of the Financial Services and Markets Act 2000 of the United Kingdom (the “Act”).  The promotion of such investment funds and the distribution of offering materials in relation to such funds in the United Kingdom is accordingly restricted by law. The information contained on this website is directed only at persons who are both (a) intermediate customers or market counterparties for the purposes of the FSA Conduct of Business Sourcebook (“COBS”) and (b) of a kind to whom such investment funds may lawfully be promoted by a person authorised under the Act (an “authorised person”) by virtue of Section 238(5) of the Act and Annex 5 of Chapter 3 of COBS.  Shares in the investment funds referred to on this website are only available to such persons and information on this website must not be relied or acted upon by any other persons. Investors in the investment funds referred to on this website will not benefit from the rules and regulations made under the Act for the protection of investors, nor from the Financial Services Compensation Scheme. Shares in the investment funds referred to on this website are not dealt in or on a recognised or designated investment exchange for the purposes of the Act, nor is there a market maker in such shares, and it may therefore be difficult for an investor to dispose of his shares otherwise than by way of redemption. General: It may be illegal to download the information contained in this website in certain countries and Northwood Capital LLP and its associated companies disclaim all responsibility if you download any information from this website in breach of any law or regulation of the country in which you are residing. Where access to any part of this website is restricted and requires possession of a valid password, no other person should attempt to gain access to such part of the website. An application for shares in any of the investment funds referred to on this website should only be made having read fully the relevant prospectus.  It is your responsibility to use such prospectus and by making an application you will be deemed to represent that you have read such prospectus and agree to be bound by its contents. No Advice Nothing contained in this website constitutes investment, legal, tax or other advice, nor is it to be relied upon when making investment or other decisions.  The information on this website is provided solely on the basis that you make your own investment decisions.  Should you have any queries about the investment funds referred to on this website, you should contact your financial adviser. Risk Factors Past performance may not be repeated and should not be seen as a guide to future performance. The value of investments and the income from them may go down as well as up and investors may not get back the amount originally invested.  Because of this, you are not certain to make a profit on your investments and you may lose money. Exchange rates may cause the value of overseas investments and the income arising from them to rise or fall. The levels and bases of and reliefs from taxation may change.  Any tax reliefs referred to are those currently available and their value depends on the circumstances of the individual investor. Investors should consult their own tax adviser in order to understand any applicable tax consequences. Accuracy of Information The information contained on this website (including any expression of opinion or forecast) has been obtained from, or is based on, sources believed by Northwood Capital LLP and its associated companies to be reliable, but is not guaranteed as to its accuracy or completeness.  Such information is provided without obligation on the part of Northwood Capital LLP and its associated companies and on the understanding that any person who acts upon it or changes his investment position in reliance on it does so entirely at his own risk.  The information contained on this website does not constitute an offer to buy or sell or an invitation to make an offer to buy or sell shares in any investment fund referred to herein. Information posted on this website is current only as at the date it is first posted and may no longer be true or complete when viewed by you.  All information contained on this website may be changed or amended without prior notice although neither Northwood Capital LLP nor any of its associated companies undertakes to update this website regularly. No Liability Neither Northwood Capital LLP nor any third party shall be liable to you or any third party for any loss or damage, direct, indirect or consequential, arising from (i) any inaccuracy or incompleteness in, or delays, interruptions, errors or omissions in the delivery of the data or any other information supplied to you through this website or (ii) any decision made or action taken by you or any third party in reliance upon the data.  Neither Northwood Capital LLP nor a third party shall be liable for loss of business revenues, lost profits or any punitive, indirect, consequential, special or similar damages whatsoever, whether in contract, tort or otherwise, arising from the use of this website, even if advised of the possibility of such damages incurred by you or any third party. TO THE EXTENT PERMITTED UNDER APPLICABLE LAW, NORTHWOOD CAPITAL LLP IS NOT PROVIDING ANY WARRANTIES AND REPRESENTATIONS REGARDING THIS WEBSITE.  WE DISCLAIM ALL WARRANTIES AND REPRESENTATIONS OF ANY KIND WITH REGARD TO THIS WEBSITE, INCLUDING ANY IMPLIED WARRANTIES OR MERCHANTABILITY, NON-INFRINGEMENT OF THIRD PARTY RIGHTS, FREEDOM FROM VIRUSES OR OTHER HARMFUL CODE, OR FITNESS FOR A PARTICULAR PURPOSE.  WE DO NOT WARRANT THE ACCURACY, ADEQUACY OR COMPLETENESS OF THE INFORMATION AND MATERIALS CONTAINED ON THE WEBSITE AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS OR OMISSIONS IN THE MATERIALS AND INFORMATION.  NOTHING HEREIN SHALL BE CONSTRUED AS LIMITING OR REDUCING NORTHWOOD CAPITAL LLP’S RESPONSIBILITIES AND OBLIGATIONS TO CLIENTS IN ACCORDANCE WITH APPLICABLE LAWS AND REGULATION. TO THE EXTENT PERMITTED UNDER APPLICABLE LAW, UNDER NO CIRCUMSTANCES WILL NORTHWOOD CAPITAL LLP BE LIABLE FOR ANY CONSEQUENTIAL, INCIDENTAL, SPECIAL, PUNITIVE OR EXEMPLARY DAMAGES ARISING OUT OF ANY USE OF OR INABILITY TO USE THIS WEBSITE OR ANY PORTION THEREOF, REGARDLESS OF WHETHER NORTHWOOD CAPITAL LLP HAS BEEN APPRISED OF THE LIKELIHOOD OF SUCH DAMAGES OCCURRING AND REGARDLESS OF THE FORM OF ACTION, WHETHER IN CONTRACT, WARRANTY, TORT (INCLUDING NEGLIGENCE), STRICT LIABILITY, FRAUD, OR OTHERWISE. Material Interests Northwood Capital LLP, its associated companies and its and their members and/or directors, officers and/or employees may have holdings in the investment funds referred to on this website and may otherwise be interested in transactions that you effect in those funds. Linked Websites This site may be linked to third party websites or contain information provided by third parties. Neither Northwood Capital LLP nor any of its associated companies makes any representation as to the accuracy or completeness of such websites or information, have not and will not review or update such websites or information, and caution you that any use made of such websites or information is at your own risk.  Neither Northwood Capital LLP nor any of its associated companies accepts any liability arising out of the information contained on any linked website or information on this website provided by a third party and the use of such websites and information is at your own risk.  This does not exclude or restrict any duty or liability that Northwood Capital LLP has to its customers under the regulatory system in the United Kingdom. Copyright, Trademarks and Other Rights Copyright, trademarks, database rights, patents and all similar rights in this website and the information contained in it are owned by Northwood Capital LLP, its associated companies, their licensors or relevant third party content providers.  You may use the information on this website and reproduce it in hard copy for your personal reference only.  Such information may not otherwise be reproduced, distributed, stored in a data retrieval system or transmitted, in any form or by any means - electronic, mechanical, photocopying, recording or otherwise - without the prior written permission of Northwood Capital LLP.  Nothing on this website should be considered as granting any licence or right under any trademark of Northwood Capital LLP, its associated companies or any third party. Governing Law You agree that your use of this website and any dispute arising in relation to this website is subject to English law and you submit to the jurisdiction of the English courts in connection with any such dispute. Stewardship Disclosure Conduct of Business Sourcebook rule 2.2.3R, requires Northwood Capital LLP (firm) to include a disclosure on its website stating the nature of its commitment to the UK Stewardship Code (the Code) issued by the Financial Reporting Council. If the firm does not commit to the Code, it must state in general terms its alternative investment strategy. The code sets out various principles relating to the level of engagement by investors with UK equity investors. Northwood Capital mainly invest in equities, however the investments form part of a trading strategy. Any investment is typically held for a duration of 1-4 weeks. We do not partake in any shareholder meetings, do not vote, and do not look to influence management. Therefore, although the firm supports the objectives set out within the Code, the provisions are not deemed to be relevant to the type of investment strategy and trading currently undertaken by the firm. Should any material changes occur to the strategy which would make the Code relevant, the firm will amend this disclosure. Conditions of Use If you have read and understood these conditions of use you may click the I agree to continue button to proceed. By doing so you acknowledge that you understand the conditions of use and agreed to abide by them.