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Important information

Please read this page before relying on anything on this website. It applies to every page.

About this website

This website is published by VetraSquare to explain its systematic equity research, model development and live validation with real money. We are building a live trading record before considering a future investment product. No investment product is currently offered through this website. By using this website you accept the terms on this page.

Current status

VetraSquare develops systematic equity research and is validating its strategy through live real-money trading. VetraSquare is not an authorised investment firm. This website does not offer investment management, investment advice or product distribution.

No offer or solicitation

Nothing on this website is an offer, invitation, solicitation or recommendation to buy or sell any security or other investment, to adopt any investment strategy or to provide any investment service. It is not directed at any person in any jurisdiction where its publication or availability would be unlawful. Research descriptions are not an invitation to invest. This website does not accept investment orders or subscriptions.

Not advice

Nothing on this website is investment, legal, tax, accounting or other advice, and nothing on it takes account of anyone’s objectives, financial situation or needs. You should seek independent professional advice before making any investment decision.

Future product arrangements

Any future investment product would require final agreements, a defined issuer and investment-management role, the relevant product documentation, and lawful distribution arrangements for each intended country and investor category. None is announced here. Contacting VetraSquare does not create an investment-services relationship.

Risk warnings

The following describes risks of the strategies discussed in our research. It is not a product-specific risk statement. A future financial product would have its own contractual exposure, costs and issuer, liquidity and other risks, set out in its official documentation.

  • Capital at risk. The value of investments can fall as well as rise, and you may lose some or all of the capital invested.
  • Market neutrality and diversification are objectives, not guarantees. A market-neutral portfolio can lose money in rising and in falling markets, including when its long positions underperform its short positions or when costs exceed the difference between them.
  • Short selling. Losses on short positions can exceed the amount initially received and are theoretically unlimited. Short positions are exposed to short squeezes; borrowed securities can be recalled, and borrowing costs can rise.
  • Leverage and financing. The use of margin, financing or leverage can magnify losses.
  • Model and data risk. Systematic strategies depend on models, data and assumptions that can be wrong, incomplete or inaccurate, can stop working, or can fail to anticipate market conditions.
  • Correlation and concentration. Relationships between positions, strategies and factors can change, particularly in stressed markets, reducing diversification.
  • Liquidity. It may not be possible to trade, finance or borrow positions at the intended size, price or time.
  • Counterparty and operational risk. The failure of a broker, custodian or other counterparty, or of systems, data or processes, could cause loss.
  • Currency. Where an investment is denominated in a currency other than your own, exchange-rate movements can affect its value.

Hypothetical and illustrative material

Examples, schematics and animations on this website are hypothetical or illustrative and are simplified. Unless stated otherwise they are before costs and exclude dividends, trading and borrowing costs, financing, fees and taxes. They are not forecasts, and they do not represent the performance, holdings, exposures, limits or weights of any VetraSquare strategy, portfolio or account.

Performance

This website does not present performance information, simulated or otherwise. Past performance, and simulated or hypothetical results, are not reliable indicators of future results.

Objectives and forward-looking statements

Statements about objectives, methods and designs describe research and live validation in progress. Our aim of building at least 12 months of live trading evidence does not promise a product launch or establish that any regulatory permission has been obtained. Objectives are not guarantees, and actual outcomes may differ materially.

Third-party information and trademarks

Some information on this website may derive from third-party sources believed to be reliable, but its accuracy and completeness are not guaranteed. S&P 500 is a trademark of its owner. It is used on this website descriptively and implies no affiliation with, or endorsement of, VetraSquare. The names and logos of Databento, Sharadar, EODHD, FRED and FFIEC are trademarks of their respective owners. They are shown on this website to identify sources of research data and imply no affiliation with, or endorsement of, VetraSquare.

The AuditZK name and logo belong to their respective owner and identify the provider we use for track-record certification. Their appearance does not mean that a completed certification report is available on this website, or constitute an endorsement of the strategy or a guarantee of future results.

Accuracy and changes

Information on this website is believed to be accurate at the date of publication but may be incomplete and may change without notice. VetraSquare is under no obligation to update it. We may also update this page; the version published here is the current one.

Intellectual property

The VetraSquare name, wordmark and VS mark, and the text, drawings and design of this website, belong to VetraSquare or its licensors. You may view and print pages for your own reference. Any other use requires prior written permission.

Links to other websites are provided for convenience only. VetraSquare is not responsible for their content.

Limitation of liability

To the extent permitted by law, VetraSquare accepts no liability for any loss arising from the use of this website or from reliance on its content.

Contact

Questions about this page: info@vetrasquare.com.