PLEASE READ THE REGULATORY INFORMATION AND TERMS OF USE CAREFULLY BEFORE YOU USE THIS WEBSITE

This website is operated and issued by Marathon Asset Management LLP (“Marathon”), except where indicated otherwise (see “Regulatory Information – Australia” below).
In using this website, you agree to the terms and conditions of use ("terms of use") and the terms of the Privacy Policy. If you do not accept any of them you should exit this website now. Marathon reserves the right to change these terms of use from time to time and your use of the website following such change shall be deemed to be your acceptance of such change. You should therefore review the terms of use at regular intervals.

Regulatory Information

United Kingdom

The material on this website is directed only at persons who are Marathon's "intermediate customers" or "market counterparties" (as defined in the glossary to the Financial Services Authority's Handbook) or persons who would be classified by Marathon as an intermediate customer or market counterparty if they were its client. No other persons should rely or act on any material on this website.
Marathon Asset Management LLP (company number OC305964), Orion House, 5 Upper St. Martin's Lane, London, WC2H 9EA, VAT number 840164747, is authorised and regulated by the Financial Services Authority ("FSA"). It is entered in the FSA's register with number 229782: see http://www.fsa.gov.uk/register.

United States of America

Marathon products are only available in the US to investors (generally institutions) which qualify as an "accredited investor" as defined in Rule 501(a) of the Securities Act of 1933. Information provided in this website does not constitute an offer being made in the US. Marathon is also regulated by the Securities and Exchange Commission in the US and trades under the name “Marathon-London”.

Australia

In Australia, Marathon’s investment management services are provided by Marathon Asset Management (Australia) Limited (ABN 16 078 856 685) (Australian Financial Services Licence Number 245572) and are available only to persons who qualify as "wholesale clients” (as defined under the Corporations Act 2001 (Commonwealth of Australia)). Accordingly, for persons accessing this website from Australia, the material on this website is directed only at persons who qualify as "wholesale clients” and no other persons should rely or act on any material contained in this website.

For persons accessing the password-protected area of this website (the “Private Area”) from Australia, that part of the website is issued by Marathon Asset Management (Australia) Limited and references to “Marathon” in paragraphs 1 and 2 of the terms of use and in the Privacy Policy, include Marathon Asset Management (Australia) Limited.

Canada

Marathon provides investment advisory services in Alberta, Manitoba and Ontario to permitted clients only.

General

The material on this website does not amount to investment, tax, legal or other advice. For advice on these matters you should consult your professional adviser.

The information contained within this website does not constitute an offer of or an invitation to apply for securities in any jurisdiction where such offer or invitation is unlawful or in which the person making such offer is not qualified to do so or to whom it is unlawful to make such offer or solicitation.

The other companies in the Marathon group are not authorised and regulated by the FSA and the material on this website may relate to business in respect of which the UK financial services regulatory system does not apply.

In relation to the information contained on this site, you should note that past performance is not a guide to future performance. The return on assets invested by a member of the Marathon Group may go down as well as up and there is no guarantee or assurance as to performance. If you wish to invest in a specific investment product managed by a member of the Marathon Group, you should refer to the risk warnings in the relevant marketing document for that product.

Terms of Use

Unless otherwise agreed in writing, Marathon shall not be liable to you in respect of your use of this website or the use, accessing, downloading or relying on any information or other materials contained or referred to in this website for any direct loss or any loss of profits, business or anticipated profit or savings or loss of or corruption of data or any indirect loss or consequential loss whatsoever even if you have been advised by Marathon of the possibility of such loss.

Nothing in these terms of use shall exclude or limit the liability of Marathon for death or personal injury due to its negligence or for its fraud. If you are located in Australia, nothing in these terms shall exclude, restrict or modify the application of a non-excludable warranty implied by law, the exercise of a right conferred under such a warranty or any liability for breach of such a warranty, provided that, to the extent permitted by law, Marathon’s liability for breach of such a warranty is limited to (at Marathon’s election) either supplying the relevant services again, or paying the cost of having the relevant services provided again.

Private Area
Marathon may in its absolute discretion permit access to the Private Area of the website by issuing you with a username and password, the use of which shall be subject to these terms of use and any supplemental terms notified to you from time to time.

Usernames and passwords are intended only for the person, to whom Marathon allocates the username and password, and you shall ensure that no other person uses a username or password and that usernames and passwords are kept secret and are not disclosed to any third party. You shall notify Marathon immediately of any unauthorised use of a username or password or if you wish to terminate a person’s access to the Private Area by sending an email to info@marathon.co.uk.

You shall be solely responsible for the use of the Private Area and the use of usernames and passwords and agree to indemnify Marathon against any claim, loss, cost, damage, action or expense which may arise as a result of the use of the Private Area or from your failure to comply with the terms of use and any supplemental terms agreed with you from time to time.

You acknowledge that Marathon does not guarantee that access to the website or to Private Area will be uninterrupted or error-free or that defects will be corrected or that the server providing access will be free of viruses or bugs. Marathon may revoke access to the Private Area in its absolute discretion at any time without notice.

Links
This website may contain links to third party websites, which are beyond the control of Marathon. Marathon does not accept any responsibility for the content of nor for any transactions between you and such websites or any dealings with your personal information by such websites. Any link is not intended to be, nor should be construed as, an endorsement of any kind by Marathon Asset Management of the operator of that website.

Copyright and Trade Marks
This website contains material which is owned by or licensed to Marathon. This material includes, but is not limited to, the design, layout, look and feel, appearance and graphics. It is protected by intellectual property laws including, but not limited to, copyright and trademark.

All rights are reserved except that permission is granted to download the materials contained on this website to a single computer and to print a hard copy of such materials solely for personal, non-commercial use. Any other use of materials on this website, including reproduction, modification, distribution or republication, without the prior written permission of Marathon, is strictly prohibited.

Data Protection
Marathon will respect any personal information (which you provide when you visit the website) and Marathon undertakes to comply with all applicable data protection legislation currently in force under English law. You agree that Marathon may use personal information provided by you when you register on the website and subsequently use the Private Area of the website in accordance with the purposes set out in our Privacy Policy (responding directly to your questions, comments or technical issues and disclosing this information to third parties who assist in carrying out these tasks).

Marathon utilises COOKIES on this website and your attention is drawn to the "Cookies" section of the Privacy Policy.

Except as provided under these terms of use, the Privacy Policy and/or the terms and conditions of any other contract you may enter into with Marathon or as required by law, Marathon will not disclose your personal information to third parties (other than associated companies and third parties engaged by Marathon to perform services for it) without your express permission.

Applicable Law
These terms of use shall be governed by and construed exclusively in accordance with English law. Any dispute arising under these terms of use shall be subject to the exclusive jurisdiction of the English courts and, by using this website, you hereby submit to and waive any objections to, the jurisdiction of such courts.