DOCSLIB.ORG

STATEMENT of ADDITIONAL INFORMATION ROTHSCHILD LARCH LANE ALTERNATIVES FUND (Investor Class Shares Ticker Symbol: RLLBX) (Instit

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
STATEMENT of ADDITIONAL INFORMATION ROTHSCHILD LARCH LANE ALTERNATIVES FUND (Investor Class Shares Ticker Symbol: RLLBX) (Instit STATEMENT OF ADDITIONAL INFORMATION ROTHSCHILD LARCH LANE ALTERNATIVES FUND (Investor Class shares Ticker Symbol: RLLBX) (Institutional Class shares Ticker Symbol: RLLIX) a series of THE ADVISORS’ INNER CIRCLE FUND III March 1, 2016 Investment Adviser: ROTHSCHILD LARCH LANE MANAGEMENT COMPANY LLC This Statement of Additional Information (“SAI”) is not a prospectus. This SAI is intended to provide additional information regarding the activities and operations of The Advisors’ Inner Circle Fund III (the “Trust”) and the Rothschild Larch Lane Alternatives Fund (the “Fund”). This SAI is incorporated by reference into and should be read in conjunction with the Fund’s prospectus dated March 1, 2016 (the “Prospectus”). Capitalized terms not defined herein are defined in the Prospectus. The Fund’s financial statements, including notes thereto, and the report of KPMG LLP for the fiscal year ended October 31, 2015 are contained in the 2015 Annual Report to Shareholders and are incorporated by reference into and are deemed to be part of this SAI. A copy of the Fund’s 2015 Annual Report to Shareholders accompanies the delivery of this SAI. Shareholders may obtain copies of the Prospectus or Annual Report free of charge by writing to the Fund at Rothschild Larch Lane Alternatives Fund, P.O. Box 219009, Kansas City, MO 64121-9009 (Express Mail Address: Rothschild Larch Lane Alternatives Fund, c/o DST Systems, Inc., 430 W 7th Street, Kansas City, MO 64105) or calling the Fund at 1-844-RLL-FUND (1-844-755-3863). DB1/ 84982897.10 i TABLE OF CONTENTS THE TRUST ...................................................................................................................................................................... S-1 DESCRIPTION OF PERMITTED INVESTMENTS ....................................................................................................... S-1 INVESTMENT LIMITATIONS ..................................................................................................................................... S-29 THE ADVISER AND SUB-ADVISERS ........................................................................................................................ S-32 THE PORTFOLIO MANAGERS ................................................................................................................................... S-34 THE ADMINISTRATOR................................................................................................................................................ S-42 THE DISTRIBUTOR ...................................................................................................................................................... S-43 PAYMENTS TO FINANCIAL INTERMEDIARIES..................................................................................................... S-43 THE TRANSFER AGENT.............................................................................................................................................. S-45 THE CUSTODIAN.......................................................................................................................................................... S-45 INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ............................................................................... S-45 LEGAL COUNSEL ......................................................................................................................................................... S-46 TRUSTEES AND OFFICERS OF THE TRUST............................................................................................................ S-46 PURCHASING AND REDEEMING SHARES.............................................................................................................. S-53 DETERMINATION OF NET ASSET VALUE.............................................................................................................. S-53 TAXES ............................................................................................................................................................................ S-55 FUND TRANSACTIONS ............................................................................................................................................... S-63 PORTFOLIO HOLDINGS .............................................................................................................................................. S-66 DESCRIPTION OF SHARES ......................................................................................................................................... S-67 LIMITATION OF TRUSTEES’ LIABILITY ................................................................................................................. S-67 PROXY VOTING............................................................................................................................................................ S-67 CODES OF ETHICS ....................................................................................................................................................... S-68 5% AND 25% SHAREHOLDERS.................................................................................................................................. S-68 APPENDIX A – DESCRIPTION OF RATINGS..............................................................................................................A-1 APPENDIX B – PROXY VOTING POLICIES AND PROCEDURES ...........................................................................B-1 RLL-SX-001-0300 DB1/ 84982897.10 ii THE TRUST General. The Fund is a separate series of the Trust. The Trust is an open-end investment management company established under Delaware law as a Delaware statutory trust under a Declaration of Trust dated December 4, 2013 (the “Declaration of Trust”). The Declaration of Trust permits the Trust to offer separate series (“funds”) of shares of beneficial interest (“shares”). The Trust reserves the right to create and issue shares of additional funds. Each fund is a separate mutual fund, and each share of each fund represents an equal proportionate interest in that fund. All consideration received by the Trust for shares of any fund, and all assets of such fund, belong solely to that fund and would be subject to any liabilities related thereto. Each fund of the Trust pays its (i) operating expenses, including fees of its service providers, expenses of preparing prospectuses, proxy solicitation material and reports to shareholders, costs of custodial services and registering its shares under federal and state securities laws, pricing and insurance expenses, brokerage costs, interest charges, taxes and organization expenses and (ii) pro rata share of the fund’s other expenses, including audit and legal expenses. Expenses attributable to a specific fund shall be payable solely out of the assets of that fund. Expenses not attributable to a specific fund are allocated across all of the funds on the basis of relative net assets. The other funds of the Trust are described in one or more separate statements of additional information. Description of Multiple Classes of Shares. The Trust is authorized to offer shares of the Fund in Investor Class shares and Institutional Class shares. The different classes provide for variations in distribution and shareholder servicing fees and minimum investment requirements. Minimum investment requirements and investor eligibility are described in the Prospectus. The Trust reserves the right to create and issue additional classes of shares. For more information on distribution and shareholder servicing expenses, see “The Distributor” and “Shareholder Services” sections in this SAI. Voting Rights. Each shareholder of record is entitled to one vote for each share held on the record date for the meeting. The Fund will vote separately on matters relating solely to it. As a Delaware statutory trust, the Trust is not required, and does not intend, to hold annual meetings of shareholders. Approval of shareholders will be sought, however, for certain changes in the operation of the Trust and for the election of members of the Board of Trustees (each, a “Trustee” and collectively, the “Trustees” or the “Board”) under certain circumstances. Under the Declaration of Trust, the Trustees have the power to liquidate the Fund without shareholder approval. While the Trustees have no present intention of exercising this power, they may do so if the Fund fails to reach a viable size within a reasonable amount of time or for such other reasons as may be determined by the Board. In addition, a Trustee may be removed by the remaining Trustees or by shareholders at a special meeting called upon written request of shareholders owning at least 10% of the outstanding shares of the Trust. In the event that such a meeting is requested, the Trust will provide appropriate assistance and information to the shareholders requesting the meeting. Any series of the Trust may reorganize or merge with one or more other series of the Trust or of another investment company. Any such reorganization or merger shall be pursuant to the terms and conditions specified in an agreement and plan of reorganization authorized and approved by the Trustees and entered into by the relevant series in connection therewith. In addition, such reorganization or merger may be authorized by vote of a majority of the Trustees then in office and, to the extent permitted by applicable law and the Declaration of Trust, without the approval of shareholders of any series. DESCRIPTION
Load more

Recommended publications
  • Futures Market Opening Up
    CHINA DAILY HONG KONG EDITION Friday, July 6, 2018 Markets | BUSINESS 21 Futures market opening up UK’s Winton Group to develop onshore ry environment improves, the firm’s Chinese business investment products within 2 months will have the biggest upside globally. By CAI XIAO in dominance, while some We are going to Man Group launched its and ZHOU LANXU other markets, such as egg, first onshore fund called AHL are unique. launch a futures China CTA in December, London-based hedge fund Yang said Winton Group focusing initially on listed manager Winton Group Ltd has a strong, long-term com- fund product in futures, including agricultur- said it will launch a futures mitment to the Chinese mar- al commodities, industrial fund in China within two ket and will seize the China within one commodities, bonds, metals, months, reflecting its opti- opportunity brought about or two months ...” and energy and stock indices. mism about the nation’s asset by the further opening-up of The company registered its management market. the country’s financial sec- Yang Min, CEO of Winton China second onshore fund in May, Winton has just successful- tor. focusing on the Chinese ly registered as a private secu- The onshore fund will use a A-share market. rities investment fund diversified trading strategy bear our international and Deng Haiqing, visiting manager with the Asset Man- based on data collection and local experience for the bene- finance professor at Renmin agement Association of Chi- analysis. The target clients fit of our Chinese clients.” University of China, said with Visitors check out services of Liepin, an online job search company listed in Hong Kong, at the compa- na, which will enable it to include Chinese banks, third- A Deloitte report showed more foreign asset manage- ny’s booth during a high-tech exhibition in Beijing.
    [Show full text]
  • DAISY-White-Paper-Ver1.0.Pdf
    D.AI.SY: DECENTRALIZED AI SYSTEM AI-POWERED INVESTING UNLOCKING HIGH-RISK HIGH-RETURN ALPHA Whitepaper • Version 1.0 • Feb, 2021 Table of Contents Legal Disclaimer ....................................................................................................................................4 D.AI.SY Project Overview ....................................................................................................................5 Executive Summary...............................................................................................................................6 Background .............................................................................................................................................8 Market Analysis ......................................................................................................................................10 Enormous, Global Investor Opportunity Investment Vehicles for High-Risk High-Return Investment Systematic Trading ................................................................................................................................14 Technical Analysis Endotech’s Technical Methodology Fundamental Analysis D.AI.SY Deep Reasoning Methodology D.AI.SY Methodology ............................................................................................................................19 D.AI.SY Basics D.AI.SY Raw Data Pools D.AI.SY Data Collection and Verification Methodology D.AI.SY Mapping Movements and Money Flows D.AI.SY AI Deep Reasoning D.AI.SY
    [Show full text]
  • Mitigating Legal Risks Alternative Data January 2018
    MITIGATING LEGAL RISKS ASSOCIATED RESEARCHFOCUS WITH ALTERNATIVE DATA January 2018 1 Integrity Research Associates, LLC is an advisory firm founded in 2003 to analyze the global investment research industry. We serve a select number of hedge funds and asset managers as experts on external research sources used to enhance investment returns. We offer deep domain insights on research firms, mitigate research compliance risks, and monitor key research industry developments. Integrity Research is the only firm which tracks the entire investment research industry. We follow over 4,000 research and data firms in the U.S., Europe and Asia, assisting clients in generating more value for their spending on external research. We pay particular attention to obscure, hard-to-find research sources and on innovative new research developments. Our core services are recommending research and data firms which add value, managing the risks associated with external research through due diligence aids, and monitoring developments in the industry through our news and commentary. We also provide strategic consulting on research-related topics. Integrity ResearchFocus is a registered trademark of Integrity Research Associates, LLC. For more information, please contact: Michael Mayhew – Michael. [email protected] – 646-786-6859 © Copyright 2018 by Integrity Research Associates, LLC. Federal copyright law, Title 17 of the U.S. Code, makes it illegal to reproduce this report by any means and for any purpose, unless you have our written permission. Copyright infringement carries a statutory fine of up to $100,000 per violation. We offer a reward of $2,000 for information that leads to the successful prosecution of copyright violators.
    [Show full text]
  • 1 Prospectus Important
    PROSPECTUS IMPORTANT: IF YOU ARE IN ANY DOUBT AS TO THE CONTENTS OF THIS PROSPECTUS YOU SHOULD CONSULT YOUR STOCKBROKER, BANK MANAGER, SOLICITOR ACCOUNTANT OR OTHER FINANCIAL ADVISER. The Directors, whose names appear in the Directory below, accept responsibility for the information contained in this document. To the best of the knowledge and belief of the Directors (who have taken all reasonable care to ensure that such is the case) the information contained in this document is in accordance with the facts and does not omit anything likely to affect the import of such information. The Directors accept responsibility accordingly. ___________________________________________________________________________ WINTON UCITS FUNDS ICAV (An umbrella open-ended Irish collective asset-management vehicle with segregated liability between sub-funds incorporated in Ireland under the Irish Collective Asset-management Vehicles Act 2015 and authorised by the Central Bank as a UCITS pursuant to the UCITS Regulations). WINTON FUND MANAGEMENT IRELAND DAC (MANAGER) WINTON CAPITAL MANAGEMENT LIMITED (INVESTMENT MANAGER) _____________________________________________________________________________ 3 December 2020 1 IMPORTANT INFORMATION Winton UCITS Funds ICAV was originally incorporated as an umbrella investment company with segregated liability between sub-funds on 8 July 2010. The ICAV converted from an investment company to an Irish collective asset-management vehicle pursuant to the ICAV Act on 26 July 2017. The ICAV is authorised in Ireland by the Central Bank of Ireland as an undertaking for collective investment in Transferable Securities pursuant to the UCITS Regulations. This authorisation however does not constitute a warranty by the Central Bank as to the performance of the ICAV and the Central Bank is not liable for the performance or default of the ICAV.
    [Show full text]
  • Winton Trend Fund (UCITS)
    Winton Trend Fund (UCITS) A Sub-Fund of Winton UCITS Funds ICAV (An umbrella open-ended Irish collective asset-management vehicle with segregated liability between sub-funds incorporated in Ireland under the Irish Collective Asset-Management Vehicles Act 2015 and authorised by the Central Bank as a UCITS pursuant to the UCITS Regulations). Condensed Unaudited Interim Financial Statements For the financial period from 1 March 2019 to 31 August 2019 WINTON UCITS FUNDS ICAV – WINTON TREND FUND (UCITS) Condensed Unaudited Interim Financial Statements For the financial period from 1 March 2019 to 31 August 2019 Table of Contents Page(s) General Information 2 - 5 Manager’s Report 6 Statement of Financial Position 7 Statement of Comprehensive Income 8 Statement of Changes in Net Assets Attributable to Holders of Redeemable Participating Shares 9 Statement of Cash Flows 10 Schedule of Investments 11 - 14 Notes to the Condensed Unaudited Interim Financial Statements 15 - 22 Statement of Significant Purchases and Sales 23 - 24 WINTON UCITS FUNDS ICAV – WINTON TREND FUND (UCITS) General Information Condensed Unaudited Interim Financial Statements For the financial period from 1 March 2019 to 31 August 2019 Directors Dermot Butler 1,2 John Skelly 1 Alan Tooker 1,2,3 Rajeev Patel Taavi Davies 1,2,4 Registered Office 32 Molesworth Street Dublin 2 Ireland Investment Manager and Distributor Winton Capital Management Limited Grove House 27 Hammersmith Grove London, W6 0NE United Kingdom Manager (From to 1 July 2019) Winton Fund Management Ireland DAC 32 Molesworth Street Dublin 2 Ireland Depositary (Up to 28 February 2019) State Street Custodial Services (Ireland) Limited 78 Sir John Rogerson’s Quay Dublin 2 Ireland (From 1 March 2019) BNY Mellon Trust Company (Ireland) Limited One Dockland Central Guild Street Dublin 1 Ireland Administrator and Transfer Agent (Up to 28 February 2019) State Street Fund Services (Ireland) Limited 78 Sir John Rogerson’s Quay Dublin 2 Ireland 1 These Directors of the ICAV are independent of the Investment Manager.
    [Show full text]
  • Winton Absolute Return Futures Fund
    Winton Absolute Return Futures Fund A Sub-Fund of Winton UCITS Funds ICAV (An umbrella open-ended Irish collective asset-management vehicle with segregated liability between sub-funds incorporated in Ireland under the Irish Collective Asset-Management Vehicles Act 2015 and authorised by the Central Bank as a UCITS pursuant to the UCITS Regulations). Annual Report and Audited Financial Statements For the year ended 29 February 2020 WINTON UCITS FUNDS ICAV - WINTON ABSOLUTE RETURN FUTURES FUND Audited Financial Statements For the year ended 29 February 2020 Table of Contents Page(s) General Information 2 - 4 Directors’ Report 5 - 7 Investment Manager’s Report 8 Depositary Report 9 Independent Auditor’s Report 10 - 12 Statement of Financial Position 13 Statement of Comprehensive Income 14 Statement of Changes in Equity 15 Statement of Cash Flows 16 Schedule of Investments 17 - 21 Notes to the Audited Financial Statements 22 - 47 Statement of Significant Purchases and Sales (Unaudited) 48 - 49 Remuneration Policy (Unaudited) 50 - 51 Other Information (Unaudited) 52 WINTON UCITS FUNDS ICAV - WINTON ABSOLUTE RETURN FUTURES FUND General Information Audited Financial Statements For the year ended 29 February 2020 Directors Dermot Butler 1 John Skelly 1 Rajeev Patel 1 Taavi Davies 1 Registered Office 32 Molesworth Street Dublin 2 Ireland Investment Manager and Distributor Winton Capital Management Limited Grove House 27 Hammersmith Grove London, W6 0NE United Kingdom Manager (From 1 July 2019) Winton Fund Management Ireland DAC 32 Molesworth Street
    [Show full text]
  • Winton Ucits Funds Icav
    PROSPECTUS IMPORTANT: IF YOU ARE IN ANY DOUBT AS TO THE CONTENTS OF THIS PROSPECTUS YOU SHOULD CONSULT YOUR STOCKBROKER, BANK MANAGER, SOLICITOR ACCOUNTANT OR OTHER FINANCIAL ADVISER. The Directors, whose names appear on page (ix), accept responsibility for the information contained in this document. To the best of the knowledge and belief of the Directors (who have taken all reasonable care to ensure that such is the case) the information contained in this document is in accordance with the facts and does not omit anything likely to affect the import of such information. The Directors accept responsibility accordingly. ___________________________________________________________________________ WINTON UCITS FUNDS ICAV (An umbrella open-ended Irish collective asset-management vehicle with segregated liability between sub-funds incorporated in Ireland under the Irish Collective Asset-management Vehicles Act 2015 and authorised by the Central Bank as a UCITS pursuant to the UCITS Regulations). WINTON CAPITAL MANAGEMENT LIMITED (INVESTMENT MANAGER) _____________________________________________________________________________ 16 January 2018 1 IMPORTANT INFORMATION Winton UCITS Funds ICAV (the "ICAV") was originally incorporated as an umbrella investment company with segregated liability between sub-funds on 8 July 2010. The ICAV converted from an investment company to an Irish collective asset-management vehicle pursuant to the ICAV Act on 26 July 2017. The ICAV is authorised in Ireland by the Central Bank of Ireland (the "Central Bank") as an undertaking for collective investment in Transferable Securities pursuant to the UCITS Regulations. This authorisation however, shall not constitute a warranty by the Central Bank as to the performance of the ICAV and the Central Bank shall not be liable for the performance or default of the ICAV.
    [Show full text]
  • $3 Trillion Hedge Fund Industry a Mirage
    $3 Trillion Hedge Fund Industry a Mirage Stockholm (HedgeNordic) – Various financial media outlets and data providers, including HedgeNordic, have recently talked about the hedge fund industry capital hitting a new record due to strong investor inflows in the second quarter of the year. While the industry’s assets under management are often estimated to be in excess of $3 trillion, executives at London-based hedge fund Winton Group suspect the industry is much smaller than people think. Winton executives have launched a review into the collective assets managed by the global hedge fund industry, with the review expected to challenge widely- accepted industry figures provided by a handful of data providers. For instance, hedge fund data provider HFR estimated that total industry capital increased to a record $3.1 trillion through mid-year. Data collected by peer data provider Preqin shows hedge fund industry capital stands at $3.4 trillion as of the end of June. “Our preliminary findings show that a $3tn industry – one characterized by a 2 and 20 fee model, low transparency, which is lightly regulated, illiquid, employs high leverage and makes extensive use of shorting – does not exist,” Jonathan Levy, the head of product research at Winton who leads the review,told news provider Financial News. The review is conducted internally by Winton’s research team and is anticipated to conclude this month. Computer-driven Winton was founded by David Harding in 1997 and is one the largest hedge funds in the world, with $29.3 billion in assets under management as of the end of June.
    [Show full text]
  • Global Cybersecurity Innovation Summit Supported by Her Majesty’S Government and the U.S
    @SINETCONNECTION #SINETUK SINET presents Global Cybersecurity Innovation Summit Supported by Her Majesty’s Government and The U.S. Department of Homeland Security, Science & Technology Directorate THE BRITISH MUSEUM, LONDON 16 & 17 MAY 2017 Thank You to Our Generous Sponsors May 16, 2017 PRESENTING SPONSORS Dear Participants, I would like to welcome you to the Third Annual Global Cybersecurity Innovation Summit (GCIS). We are honored to have the support of Her Majesty’s Government (HMG) and The United States Department of Homeland Security Science and Technology Directorate (DHS S&T), as we provide a platform for the business of Cybersecurity to take place. In particular, the opportunity for Small and Medium Enterprises to connect with key Government, industry, system integration, investment, academic and International decision makers from the American, British, European and Global Cybersecurity markets. SINET was created to advance innovation and enable global collaboration between the public and private sectors to defeat Cybersecurity threats. Whether you’re a builder, buyer, investor or researcher, there is something for everyone, regardless of where your organization is in its lifecycle. As you attend the sessions and networking gatherings during the next two days, take a moment to look around and meet the leaders in the room who are focused on a mission, have a sense of purpose and are committed to moving the Cybersecurity agenda forward. Over the last three years, I have seen great strides by the British community in their support of the small business community through increased investments, government assistance, and growth of more entrepreneurial companies. I am confident that our program will also be able to help advance innovation within the global Cybersecurity market.
    [Show full text]
  • Newsletter - March 2018
    Newsletter - March 2018 In this month’s newsletter: New Stakeholders SBAI creates North American Committee SBAI in New York and Toronto Upcoming events New Stakeholders We are delighted to welcome new additions to the SBAI family Signatories Dorsal Capital Management LLC (USA) PIMCO (USA) Shanghai Topfund Investment Management (China) Voss Capital (USA) SBAI creates North American Committee The SBAI has established a North American Committee of leading alternative investment managers and institutional investors to direct the SBAI’s efforts in the region. Members of the North American Committee include: Jane Buchan, CEO, PAAMCO Clint Carlson, President & CIO, Carlson Capital John Claisse, CEO, Albourne Partners Thomas DeVita, COO & CFO, MKP Capital Management Samantha Foster, University of Southern California Edward O'Reilly, Senior Managing Director, Citadel Russell Read, CIO, Alaska Permanent Fund Corporation John Richardson, COO & General Counsel, Ionic Capital Management Scott Taylor, Managing Director, Canada Pension Plan Investment Board Karl Wachter, General Counsel, Magnetar Capital The committee will direct the SBAI’s efforts in North America, including identifying local issues for inclusion in the SBAI’s studies and working groups, supporting the SBAI’s North American roundtables, communicating with SBAI members, and driving increased participation in the SBAI among North American alternative investment managers and institutional investors. To read the press release in full, please click here. 1 SBAI holds Big Data/AI Roundtable in New York The SBAI held its second roundtable dedicated to “big data and artificial intelligence” in asset management. Over 70 industry participants gathered at the event to hear leading practitioners from the US, Canada, Europe and China discuss the current state of innovation in this area.
    [Show full text]
  • 180 Investors Longevity in UK 180 Investors / Longevity in UK
    180 Investors Longevity in UK 180 Investors / Longevity in UK 1. 24 Haymarket 31. Catapult Ventures 61. Franklin Templeton Investments 2. 4BIO Capital 32. Cedar Mundi Ventures 62. Gilde Healthcare 3. Abingworth 33. Celgene 63. GlaxoSmithKline 4. Advent Life Sciences 34. Cera 64. Global Health Investment Fund (GHIF) 5. Advent Venture Partners 35. Charterhouse Capital Partners 65. Goldman Sachs 6. Agent Capital 36. China Medical System Holdings 66. Grima Ventures 7. Aisling Capital Limited 67. Guinness Asset Management 8. Albion Capital Group 37. Clarendon Fund Managers 68. Hambro Perks Ltd. 9. Amadeus Capital Partners 38. Clarus Ventures 69. HAX 10. Angel CoFund 39. Clough Capital Partners 70. Henderson Global Investors 11. Angel Investment Network 40. Clydesdale Bank 71. Horizon Discovery 12. Angels in MedCity 41. Cowen Group 72. Hoxton Ventures 13. Aquarius Equity Partners 42. Creandum 73. Human Longevity 14. ARCH Venture Partners 43. Credo Ventures 74. Hygea VCT 15. Archangels 44. Crowdcube 75. Imperial Innovations 16. Arix Bioscience 45. Deerfield 76. Index Ventures 17. Baillie Gifford 46. Downing LLP 77. Innovate U.K. 18. Balderton Capital 47. Downing Ventures 78. Innovations New Ventures 19. Bank of America Merrill Lynch 48. Draper Esprit 79. Invesco 20. Baxter International 49. Draper Fisher Jurvetson (DFJ) 80. Invesco Perpetual 21. Beringea 50. EcoR1 Capital 81. Invest Northern Ireland 22. Bethnal Green Ventures 51. Edmond de Rothschild Investment 82. J.P. Morgan Securities Inc. 23. Bill & Melinda Gates Foundation Partners 83. JamJar Investments 24. BioMotiv 52. Enterprise Ventures 84. Janssen Pharmaceuticals ​ 25. BioScience Managers Limited 53. Equity Gap 85. Juno Capital 26. Calculus Capital 54.
    [Show full text]
  • 1 the ADVISORS' INNER CIRCLE FUND III (The “Trust”) Fiera Capital Diversified Alternatives Fund (The “Fund”) Supplemen
    THE ADVISORS’ INNER CIRCLE FUND III (the “Trust”) Fiera Capital Diversified Alternatives Fund (the “Fund”) Supplement dated November 4, 2016 to the Fund’s Summary Prospectus and Prospectus, each dated March 1, 2016, as supplemented July 12, 2016 This Supplement provides new and additional information beyond that contained in the Summary Prospectus and Prospectus, and should be read in conjunction with the Summary Prospectus and Prospectus. I. On September 1, 2016, Fiera Capital Inc. (“Fiera”) replaced Fiera Capital Management Company LLC (“Fiera Capital Management”) as the investment adviser of the Fund in connection with Fiera’s acquisition of a majority of the assets of Larch Lane Advisors LLC (“Larch Lane”) and Larch Lane’s investment team joining Fiera. Fiera Capital Management was previously known as Rothschild Larch Lane Management Company LLC (“RLL”) and was a joint venture between Rothschild Asset Management Inc. (“Rothschild”) and Larch Lane, until Fiera purchased the interests of Rothschild in RLL on July 11, 2016. Fiera currently serves as investment adviser to the Fund pursuant to an interim advisory agreement. At a special meeting of shareholders scheduled for December 5, 2016, shareholders will be asked to approve a new investment advisory agreement between the Trust, on behalf of the Fund, and Fiera (the “Fiera Advisory Agreement”), which would replace the interim advisory agreement. A proxy statement describing the Fiera Advisory Agreement and Fiera will be distributed to investors on or about November 4, 2016. THE FOREGOING IS NOT A SOLICITATION OF ANY PROXY. PLEASE READ THE PROXY STATEMENT CAREFULLY BECAUSE IT CONTAINS IMPORTANT INFORMATION REGARDING FIERA AND THE FIERA ADVISORY AGREEMENT.
    [Show full text]