Gatun Capital

Legal notices

This page describes how we work. It is not advice, not an offer and not an invitation to acquire anything.

Not investment advice

What appears here is general in nature. It takes no account of your financial circumstances, your objectives, your experience or your tax position. It is not a personal recommendation, nor does it replace one. Whether something suits you can only be judged in conversation.

Not an offer

This page is not a public offering of securities and not an invitation to subscribe for or acquire financial instruments. It is not directed at persons in jurisdictions where making it available or accessing it would be unlawful. Anyone who accesses it from there does so on their own responsibility.

About the figures on this page

Where we show figures, we say where they come from. Results from a backtest are labelled as such: they are calculated, not achieved. A backtest runs through a market whose course was already settled when the calculation was made; a live account does not know that course. We keep the two apart and mix them nowhere.

Risk

Anyone who invests in the markets can lose money, permanently and in full. Past performance is no indication of future performance. Price swings, currency movements, taxes and costs all bear on the result, and no rule protects against that.

No warranty

We compile the contents with care, but we cannot warrant that they are complete, correct and current at every moment. Details may change without our updating them here. There is no entitlement to the page being available at all times.

Links to other sites

For content that does not come from us, whoever offers it is responsible. We look at an external site before we link to it, and afterwards only when there is cause.

Copyright

The texts, charts and analyses on this page belong to Gatun Capital. You are welcome to quote them with attribution; for any wider use, please ask us.

Governing law

This page and its use are governed by the law of the Republic of Panama. The place of jurisdiction is Panama City, unless mandatory law provides otherwise.