Terms of Use
By accessing and/or using this website and any pages thereof ("Site"), you acknowledge that you have read and understood the following important information and that you agree to the terms and conditions set forth therein. If you do not agree to all of the following terms and conditions, do not access or use this Site.

The information and services provided and described on this Site are not intended for distribution to, or use by any person or entity in any country or jurisdiction where such distribution, or use by any person or entity would be contrary to applicable laws or regulations or would subject Alpha Associates or any of its affiliates (each of them and collectively "Alpha Associates") to any registration requirement within such country or jurisdiction. Persons or entities in respect of whom such prohibitions apply must not access or use this Site.

No Offer
The information contained in this Site does not constitute an offer to buy or sell securities of any type. Nothing in this Site should be construed as an offer or the solicitation of an offer to purchase or subscribe or sell any investment or to engage in any other transaction. Furthermore, by offering information, products or services via this Site, no solicitation is made to any person to use such information, products or services in jurisdictions where the provision of such information, products or services is prohibited by law or regulation. The investment advisory services described on this Site are not being offered to the public in the United States.

No Basis for Decision-making
All information contained in this Site has been prepared by Alpha Associates on the basis of publicly available information, internally developed data and other sources believed to be reliable. It is for general informational purposes only and should not be considered an individualized recommendation or personalized investment, tax or legal advice. Products and services mentioned or described in this Site may not be available to or suitable for you. You should consult an investment and/or tax advisor concerning your financial situation and tax obligations before making any investment decision. The information is subject to change without notice. Reasonable care has been taken to ensure that the materials are accurate and that the opinions stated are fair and reasonable. All opinions and estimates constitute our judgment as of the date of publication and do not constitute general or specific investment advice. All numbers are unaudited unless otherwise stated. Furthermore, please note that Alpha Associates and employees may have interests or positions in relevant securities or may have a relationship with the issuers.

No Warranty
Alpha Associates does not warrant the accuracy or completeness of the information and materials provided herein, either expressly or implied, for any particular purpose and expressly disclaims any warranties of merchantability or fitness for a particular purpose. Alpha Associates will not be responsible for any loss or damage that could result from interception by third parties of any information made available to you by this Site. Neither Alpha Associates Ltd., nor any of its affiliates, directors, officers or employees, nor any third party vendor will be liable or have any responsibility of any kind for any loss or damage that you incur in the event of any failure or interruption of this Site, or resulting from the act or omission of any other party involved in making this Site or the data contained therein available to you, or from any other cause relating to your access to, inability to access, or use of the Site or this information and material, whether or not the circumstances giving rise to such cause may have been within the control of Alpha Associates or of any vendor providing software or services support. In no event will Alpha Associates, its affiliates or any such parties be liable to you for any direct, special, indirect, consequential, incidental damages or any other damages of any kind even if Alpha Associates or any other party have been advised of the possibility thereof.

Linked Websites
This Site may contain or be linked to advice or statements of third parties. Alpha Associates makes no representation as to the accuracy or timeliness of such information, has not and will not review or update such information and cautions you that any use made of such information is at your own risk.

Copyright and all other rights related to the entire content of this Site are reserved by Alpha Associates. You may download or print out hardcopies, provided that you mention the source used. Nothing on this Site shall be construed as granting any license or right to use any image, trademark, service mark or logo on this Site. No act of downloading or otherwise copying from the Site will transfer title to any software or other material to you. All other use, in particular reproduction (in whole or in part) and publication requires the prior written consent of Alpha Associates and acknowledgement of source.

Please note that all your movements on this Site may be recorded and analyzed for security, marketing and system monitoring purposes, among others.
Access to and use of this Site and any parts thereof, and the terms and conditions of this legal information are governed by the laws of Switzerland.

Place of jurisdiction is Zurich, Switzerland.

Users are informed that during their visits to the site, a cookie can be automatically installed and be stored temporarily in the memory or on their hard disk. A cookie is a component that cannot be used to identify the user but serves to record information relating to the user’s navigation on the website. Cookies are used on the Site solely to record information relating to the user’s navigation on the Site.
Users of the site acknowledge that they have been informed of this practice and authorise Alpha Associates to use it. They can disable this cookie through parameters contained within their navigation software.

This website may use Google Analytics, a web analytics service provided by Google, Inc. (“Google”). Google Analytics uses “cookies”, which are text files placed on your computer to help the website analyse how visitors use the site. The information generated by the cookie about your use of the website (including your IP address) will be transmitted to and stored by Google on servers in the United States. Google will use this information for the purpose of evaluating your use of the website, compiling reports on website activity for website operators and providing other services relating to website activity and internet usage. Google may also transfer this information to third parties where required to do so by law, or where such third parties process the information on Google’s behalf. Google will not associate your IP address with any other data held by Google. You may refuse the use of cookies by selecting the appropriate settings on your browser, however, please note that if you do this you may not be able to use the full functionality of this website. By using this website, you consent to the processing of data about you by Google in the manner and for the purposes set out above.

You can prevent Google’s collection and use of data (cookies and IP address) by downloading and installing the browser plug-in available under https://tools.google.com/dlpage/gaoptout?hl=en. Further information concerning the terms and conditions of use and data privacy can be found at http://www.google.com/analytics/terms/gb.html.