Legal & Regulatory

Terms and Conditions

Please read the contents of this page carefully. Your use of this website (the “Site”) is subject to the following terms and conditions (the “Terms and Conditions of Use”) and by accessing and browsing the pages on this Site you are deemed to accept, by your use, these Terms and Conditions of Use. If you do not agree to these Terms and Conditions of Use, do not use this Site.

Your attention is drawn to our (1) Privacy Policy, which sets out how we will use data (including personal information) collected by us when you visit this Site and any other personal information that you may provide to Alchemy or which we acquire through our day-to-day business and (2) Cookies Policy, which provides information about the types of cookies Alchemy uses on the Site. These are separate from and additional to these Terms and Conditions of Use.

About Alchemy

Alchemy Partners LLP and Alchemy Special Opportunities LLP are limited liability partnerships registered in England and Wales with registered numbers OC 301618 and OC 318664 respectively. Each has its registered office at 25 Bedford Street, London, WC2E 9ES, United Kingdom.

Alchemy Special Opportunities LLP (“ASO”) is authorised and regulated in the United Kingdom by the Financial Conduct Authority (“FCA”). Its reference number (FRN) is 452050 and it has the following regulatory permissions:

Details can be found on the FCA’s Financial Services Register (

ASO is also registered with the United States Securities and Exchange Commission as an Exempt Reporting Adviser.

ASO acts as the adviser to Alchemy Special Opportunities (Guernsey) Limited, a limited company incorporated in Guernsey and regulated by the Guernsey Financial Services Commission (“GFSC”) which acts as the investment manager of certain Guernsey incorporated, GFSC regulated, alternative investment funds (the “Alchemy Funds”).

On this Site, references to Alchemy are (as the context requires) to one or more of Alchemy Partners LLP, ASO, Alchemy Special Opportunities (Guernsey) Limited, the Alchemy Funds and certain other affiliated companies and entities (whether past, present or future).

The Site

References to the “Site” are to and, including but not limited to the text, images, links, sounds, graphics and video sequences displayed thereon.

By accessing and browsing the pages on this Site you are accepting/agreeing to be bound by these Terms and Conditions of Use, our Privacy Policy and our Cookies Policy.

This Site and the information, documents and materials (including any opinions) (“Material”) contained on, or accessible from, it have been compiled and/or included in good faith. Alchemy has taken reasonable steps to ensure the accuracy of the Material, however, you should note that not all Material (in particular linked content) has been prepared/produced/authored by Alchemy. 

Neither Alchemy nor any of its members, employees, representatives or agents makes any representation or warranty, express or implied, as to the accuracy, completeness or correctness of the Material. Save to the extent (if any) that exclusion of liability is prohibited by any applicable law or regulation, neither Alchemy nor any of its members, employees, representatives or agents shall be liable in any respect whatsoever for any loss or damage, whether direct, indirect, special, consequential, exemplary, punitive or otherwise, howsoever arising (whether in negligence or otherwise) out of or in connection with (1) the contents of, or any omissions from or (2) your access to, or any inability to access, this Site and/or the Materials or any use to which you may put Materials.

No financial data or information contained on this Site is intended to be used or relied upon for the purposes of making any trading, investment, purchasing, commercial or other decision (or for any other purpose) – it, along with all other content on this Site/within the Materials, is for your general information only. In relation to any historical share price or other share price or performance information published on the Site, past performance cannot be relied on as a guide to future performance.

The Site and the Materials are provided on an "as is" and "as available" basis and Alchemy gives no warranties or representations, express, implied or statutory as to merchantability or fitness for purpose of the Materials or that the Site or any of the Materials will be provided uninterrupted or free from errors or that any identified defect will be corrected; further, no such warranty or representation is given that the Site or the Materials are free from any virus or other malicious, destructive or corrupting code, programme or macro. Alchemy does not warrant or represent that the Site or the Materials (including linked third party content) or the server(s) that make(s) them available are free of any virus or other harmful elements. References in the Site and/or the Materials to any hypertext link, product, process or service does not imply Alchemy's support for, or endorsement or recommendation of, the provider thereof or the product, process or service to which reference is made. The Site may contain links to other web sites, resources or other third parties. Alchemy is not responsible for the availability of these external websites, or their contents, and Alchemy is neither a sponsor, partner, promoter or publisher of such sites or their content and accepts no liability in relation thereto.

The Materials (excluding linked third party content) are the copyright of Alchemy and may not be copied, distributed, uploaded, posted, republished, decompiled, disassembled, reverse-engineered or transmitted in any way without the prior, written consent of Alchemy. You can, however, download one copy for your personal non-commercial use within the organisation in which you work on condition that you do not delete or change any copyright, trade mark or other proprietary notice contained in the Materials or alter the way in which they are presented. Modification or use other than as permitted above violates Alchemy's intellectual property rights in the Materials. 

The trade marks, service marks and logo (the "Trade Marks") used and displayed on the Site are registered and unregistered Trade Marks of Alchemy and others. Nothing on the Site should be construed as granting any licence or right to use any Trade Marks displayed on the Site. Alchemy enforces infringements of its intellectual property rights.

Alchemy may amend the Terms and Conditions of Use, the Materials and/or the Site at any time. If you do not agree to any changes that we make, you should not use or access (or continue to use or access) this Site. 

Access to and use of this Site, the Terms and Conditions of Use and any dispute in relation thereto shall be governed by and construed in accordance with English law and the courts of England shall have exclusive jurisdiction to resolve any dispute in relation thereto. 

Stewardship Code

Information regarding the approach that ASO takes to the UK Stewardship Code can be found here.

Regulatory Notice

This Site and the Materials are directed solely at persons capable of being classified as professional clients under the FCA’s rules and/or the EU Markets in Financial Instruments Directive (“MiFID”) and also to persons of a kind to whom the Alchemy Funds may lawfully be promoted by an authorised person by virtue of Section 238(5) of the Financial Services and Markets Act 2000, the Financial Services and Markets Act 2000 (Promotion of Collective Investment Schemes) (Exemptions) Order 2001 and COBS 4.12B.7R. (each as updated, amended or restated from time to time). Accordingly, persons falling outside of the limited group of persons referenced above (and in particular any person who would be classified as a “retail client” under the FCA’s rules) should not respond to any of the Materials or other content of this Site.

Nothing on this Site or contained within the Materials is, or is intended to be, an offer, solicitation or inducement to sell or to purchase, subscribe for interests in or otherwise invest in an Alchemy Fund or to engage in any investment activity of any kind. 

Nothing on this Site is, or is intended to be, nor should it be construed or relied upon in any way as, any kind of recommendation or advice.  You should take appropriate independent advice before engaging in any investment activity or making any investment decisions, with respect to the strategies discussed on this Site or otherwise and in particular prospective investors in any Alchemy Fund must ensure that they obtain appropriate independent professional advice before making any investment in an Alchemy Fund.

Regulatory Capital

ASO is subject to the prudential requirements under the Investment Firms Prudential Regime (“IFPR”) set out in (and applicable in accordance with) the FCA’s Prudential sourcebook for MiFID investment firms in the FCA Handbook (“MIFIDPRU”). 

ASO is classified under MIFIDPRU as a non-small and non-interconnected MIFIDPRU investment firm (“Non-SNI MIFIDPRU Investment Firm”).

As a Non-SNI MIFIDPRU Investment Firm, ASO must comply with the Overall Financial Adequacy Rule and meet an initial capital requirement of the higher of (i) its fixed overhead requirement, (ii) the permanent minimum requirement and (iii) the K factor requirement. ASO’s capital adequacy requirement is met by maintaining a minimum initial capital of ¼ of its fixed overheads for the previous financial year at all times (subject as applicable to the MIFIDPRU transitional provisions, which apply to ASO because it was an exempt CAD firm on 31 December 2021 and provide for a phased application of the full own funds requirements through to 31 December 2026).

ASO is also required by Chapter 8 of MIFIPRU (“MIFIDPRU 8”) to disclose certain information on the following areas:

This section of the Site contains ASO’s MIFIDPRU 8 disclosures, which have been approved by ASO’s management body and can be accessed here in relation to the most recent financial year in respect of which financial statements have been published. 

These disclosures relate only to ASO and not to any other related or group entity.