The aim of the Somerston Rainy Day Fund is to provide readily realisable, positive returns, during most forms of financial market adversity, while maintaining good value in benign environments.
Our approach is to use a fundamental Multi Asset Strategy to identify attractive investment opportunities that are likely to benefit from adversity. We have a 5-year investment horizon
Legal notice. Please read the following information carefully. By accessing this website you agree to be bound by the following terms and conditions:
Summary: This website contains material produced and managed by Somerston Asset Management Limited (the “Manager”) in relation to the funds it manages including Somerston Multi Asset Fund IC ( “Somerston Multi Asset Fund”), Somerston Core Equity Fund Limited (“Somerston Core Equity Fund”), Somerston Rainy Day Fund Limited (“Somerston Rainy Day Fund”) and Somerston Technology Fund Limited (“Somerston Technology Fund”), (collectively the “Funds”).
Fund Structure: Somerston Multi Asset Fund is established as an Expert Fund pursuant to the Collective Investment Funds (Jersey) Law 1988 and is obliged to adhere to the requirements of the Certified Funds Code of Practice and the Expert Fund Guide (the “Guide”) as published by the Jersey Financial Services Commission (the “Commission”). You acknowledge that Somerston Multi Asset Fund is aimed at Expert Investors. This means that only Expert Investors may subscribe to or acquire shares (the terms “Expert Investor” and “Expert Fund” shall be as defined in the Guide, published by the Commission and at Article 3 of the Collective Investment Funds (Jersey) Law, 1988, as amended).
The Somerston Technology Fund and Somerston Core Equity Fund have been established in Jersey as a Jersey Private Fund. They are only suitable for those who fall within the definition of ‘professional investor’ or ‘eligible investor’ as such terms are defined in the Jersey Private Fund Guide.
Somerston Multi Asset Fund is regulated and supervised by the Jersey Financial Services Commission (“JFSC”) and Somerston Technology Fund is supervised for AML/CFT/CPF purposes by the JFSC.
Investment Performance: The value of investments may fall as well as rise and investors may not get back the amount invested and must accept the risk that they could lose a substantial part of their investment. Past performance is not necessarily an indication of future performance.
No offer: This website is available for information purposes only. The Funds are not available to members of the general public. Nothing on this website is intended to constitute an offer or solicitation to invest or sell of any nature in any jurisdiction, or to recommend any investment or transaction, whether in the Funds or otherwise. Nothing contained in or presented on this website forms part of any contract, and users of this website who intend to invest in the Funds are reminded that any such subscription may only be made solely on the basis of the information relating to the Funds contained in the offering memorandums issued in connection with the Funds (as amended or supplemented from time to time), which may be different from the information contained on this website.
No reliance: The content of this website is provided for information purposes only. No reliance may be placed for any purpose whatsoever on the completeness, accuracy or fairness of the information or opinions contained on this website. Nothing contained in, or presented on, this website constitutes or shall be construed to constitute investment, legal, tax or other advice or any commitment or recommendation of any kind, nor is it to be relied upon in relation to making an investment or any other decision or as forming the basis of (or any part of) any such decision. You must conduct your own investigation, evaluation and analysis of the merits of investing in the Funds and are recommended to obtain relevant and specific professional advice where appropriate. The information contained in or presented on this website may be changed, varied or updated by the Manager at any time without notice.
No warranty and limitations of liability: No undertaking, representation, warranty or other assurance, express or implied, is made or given by or on behalf of the Manager or any of its affiliates, directors, officers or employees or any other person as to the accuracy, completeness or fairness of the information or opinions contained in or presented on this website. The Manager will not accept any liability whatsoever (save in the case of fraud) and will not be liable for any loss or damage arising directly or indirectly (including special, incidental or consequential loss or damage) from your use of this website, including any loss, damage or expense arising from, but not limited to, any defect, error, viruses, imperfection, fault, omission, mistake or inaccuracy on this website, its contents or associated services, or due to any unavailability of the website or any part thereof or any contents or associated services.
Copyright: The content of this site is the property of the Manager and is protected by the laws of copyright with all rights reserved where applicable. You may download or print out hard copies of individual pages and/or sections of the website provided that you do not remove any copyright or other proprietary notices. You may not reproduce (in whole or in part), transmit (by electronic means or otherwise), modify, link into or use the website for any public or commercial purpose without the prior written consent of the Manager.
Privacy Notice: This Privacy Notice explains how Somerston collect, use and disclose your personal data, and your rights in relation to the personal data it holds.
Somerston Asset Management Limited (“Somerston”, “we”, and “our”) is the Data Controller of your personal data and is subject to the Data Protection (Jersey) Law 2018 (the “Data Protection Legislation”).
References to “you” include all individuals whose personal information we collect, hold and process in the course of operating our businesses and our website.
Our Privacy Officer is Tracy Clarke. Contact details are:
Somerston Asset Management Limited, 47 Esplanade, St Helier, Jersey Channel Islands, JE1 0BD.
e-mail: tracy.clarke@somerston.com
Telephone: + 44 2045264414
Your rights
Under the Data Protection Legislation you have the following rights:
Please note that the above rights are not absolute, and we may be entitled to refuse requests where exceptions apply.
You can find out more about your rights at https://oicjersey.org/
If you have any questions about how we use your personal data, or you wish to exercise any of the rights set out above, please contact us as follows:
By post – Tracy Clarke, Privacy Officer, Somerston Asset Management Limited, 47 Esplanade, St Helier, Jersey Channel Islands, JE1 0BD.
By email – tracy.clarke@somerston.com
If you are not satisfied with how we are processing your personal data, you can make a complaint to The Office of the Information Commissioner in Jersey by following the instructions https://oicjersey.org/
You may have the right to appeal any decision of the Jersey Data Protection Authority in respect of your complaint.
How we collect your data
We collect your personal data in a number of ways, for example:
The categories of personal data we collect
We may collect the following categories of personal data about you:
We may hold personal data about you in one, several or all of the above categories. We may collect your IP (Internet Protocol) address to help diagnose problems with our server, and to administer our Site. An IP address is a number that is assigned to your computer when you use the Internet. This information does not contain any personally identifiable information about you. Your IP address is also used to help identify you during a particular session and to gather broad demographic data.
Somerston will only collect, use and otherwise process information revealing racial or ethnic origin, political opinions, religious beliefs, criminal offences, or relating to your health or sexual orientation or otherwise, which is treated by applicable data protection laws as a “sensitive” or “special” category of personal information, where and only to the extent that we are permitted or required to collect, use and process such information:
The basis for processing your personal data (other than with your consent), how we use that personal data and whom we share it with:
(i) Performance of a contract with you
We process your personal data because it is necessary for the performance of a contract to which you are a party or in order to take steps at your request prior to entering into a contract.
In this respect, we use your personal data for the following:
In this respect, we may share your personal data with or transfer it to the following:
(ii) Legitimate interests
We also process your personal data because it is necessary for our legitimate interests, or sometimes where it is necessary for the legitimate interests of another person.
In this respect, we use your personal data for the following:
• For marketing to you. In this respect, see the separate section on Marketing below;
• Training our staff or monitoring their performance;
• Seeking advice on our rights and obligations, such as where we require our own legal advice;
In this respect we will share your personal data with the following:
• Our advisers or agents where it is necessary for us to obtain their advice or assistance; and
• With third parties and their advisers where those third parties are acquiring, or considering acquiring, all or part of our business.
(iii) Legal obligations
We also process your personal data for our compliance with a legal obligation which we are under.
In this respect, we will use your personal data for the following:
• To meet our compliance and regulatory obligations, such as compliance with anti-money laundering laws; and
• As required by tax authorities or any competent court or legal authority.
In this respect, we will share your personal data with the following:
• Our advisers where it is necessary for us to obtain their advice or assistance;
• Our auditors where it is necessary as part of their auditing functions;
• With third parties who assist us in conducting background checks; and
• With relevant regulators or law enforcement agencies where we are required to do so.
Marketing
We will send you information relating to Somerston Asset Management Limited and the Funds, such as newsletters, factsheets and invitations to attend investment events, only if you give consent. We may communicate with you in a number of ways including by post, telephone, email, SMS or other digital channels.
You may withdraw your consent, amend your preferences or update your contact details at any time:
By post – Tracy Clarke, Privacy Officer, Somerston Asset Management Limited, 47 Esplanade, St Helier, Jersey Channel Islands, JE1 0BD.
By email – tracy.clarke@somerston.com
By telephone – +44 2045264414
Social Networking
The views and opinions of Somerston Asset Management Limited Directors and employees published on social networking websites such as, but not limited to; linkedin.com, twitter.com and facebook.com do not necessarily reflect those of Somerston. Social networking website posts are not intended as legal or financial advice and should not be relied on as such. Reference to any specific commercial products, processes, or services by trade name, trademark, manufacturer, or otherwise does not necessarily constitute or imply its endorsement or recommendation by Somerston, nor shall any information or statements contained on social networking websites be used for the purposes of advertising, or to imply an endorsement or recommendation. With respect to any documents available from social networking websites, neither Somerston nor any of its employees make any warranty, express or implied, including but not limited to the warranties of merchantability and fitness for a particular purpose. Further, neither Somerston nor any of its employees assume any legal liability or responsibility for the accuracy, completeness, or usefulness of any information, apparatus, product or process disclosed; nor do they represent that its use would not infringe privately owned rights.
Transfer and processing of your personal data outside the European Union
When sharing your personal data with third parties as set out in this Privacy Notice, it may be transferred outside Jersey or the European Union. In these circumstances, your personal data will only be transferred on one of the following bases:
• the country that we send the personal data to is approved by the European Commission as providing an adequate level of protection for personal data;
• the transfer is to a recipient in the United States of America who has registered under the EU/US Privacy Shield;
• the recipient has entered into European Commission standard contractual clauses with us;
• the recipient is a corporate body in the same corporate group to the entity, of which you hold office, and is the entity with whom we have a contractual arrangement;
• Somerston Group company, and there are legitimate reasons for the data transfer; or
• you have explicitly consented to the same.
To find out more about transfers by us of your personal data outside the European Union and the countries concerned please contact us:
By post – Tracy Clarke, Privacy Officer, Somerston Asset Management Limited, 47 Esplanade, St Helier, Jersey Channel Islands, JE1 0BD.
By email – tracy.clarke@somerston.com
By telephone – +44 2045264414
Retention of your data
We will only retain your personal data for as long as we have a lawful reason to do so. In particular:
Your acceptance of this policy
By using this Site, you signify your acceptance of our Privacy Policy. If you do not agree to this policy, please do not use our Site. We reserve the right, at our discretion, to change, modify, add, or remove portions from this policy at any time so visitors are encouraged to review this policy from time to time. Your continued use of our Site following the posting of changes to these terms means you accept these changes.
