Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

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We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email in the first instance.

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Crosby Asset Mgt Inc (ZOL)

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Friday 28 August, 2009

Crosby Asset Mgt Inc

Statement re Withdrawal from

RNS Number : 1500Y
Crosby Asset Management Inc
28 August 2009

Crosby Asset Management Inc.

('CAM' or the 'Company')

CAM's withdrawal as partner to Apollo Multi Asset Management LLP ('Apollo')

CAM announces that it has discontinued its joint venture with Apollo Multi-Asset Management LLP, ('Apollo'), and, as a result, will withdraw as a partner with effect from 31 August 2009 and  the Company will no longer have any ownership of ApolloApollo had, as at 31 July 2009 funds under management of £31.2 million.

AccordinglyApollo willrepay the regulatory capital of approximately US$180,000 (approximately £110,000) that was provided by CAM in November 2008. Apollo had also been provided with a loan by the Company for general working capital purposes and Apollo has agreed to repay the balance of this loan of approximately £121,000, by offsetting amounts due to Apollo from the Company for managing certain of the Company's funds as they are received. The net proceeds from these repayments will be used by the Company for general working capital purposes.

Subject to the approval of the Financial Services Authority, which, it is expected, will be received within the next three months, Cloudy Lane Limited ('Cloudy Lane') is intending to take a controlling interest in Apollo, Cloudy Lane is a vehicle that represents the Nomura Employee Benefit Trust of which Simon Fry is a potential beneficiary. Whilst Simon Fry is a related party for the purposes of this transaction, it is not deemed a related party transaction under Rule 13 of AIM Rules as all of the applicable class tests are < 5 per cent.

CAM CEO, Simon Fry said: 'When CAM entered into the joint venture with Apollo, it was always the intention to review our on going involvement at the end of June 2009. The Board of CAM has now decided that CAM will withdraw as Apollo's partner. This decision is in accordance with our stated strategy, to continue to reduce costs and realise assets of the Company wherever possible. We wish Apollo and its team a successful future.'


Note: Apollo is a Limited Liability Partnership that was founded in September 2008 as a multi asset investment fund manager . Apollo launched its first multi asset funds, the Apollo Balanced Fund and the Apollo Cautious Fund, in November 2008 under the Non UCITS Retail Scheme (NURS) framework. Apollo is authorised and regulated by the Financial Services Authority. On a pro forma basis, Apollo's turnover and losses before tax  for the six months ended 30 June 2009 were approximately £281,000 and £226,000 respectively. Apollo had a net asset value of approximately £60,000 as at 30 June 2009.



Crosby Asset Management Inc.

Simon Fry                                               +44 (0) 20 3291 2863

Strand Partners Limited

Stuart Faulkner / James Spinney            +44 (0) 20 7409 3494

This information is provided by RNS
The company news service from the London Stock Exchange