The Investor has, by reason of its business & financial experience, such knowledge, sophistication and experience in financial and business matters and in making investment decisions of this type that it is capable of:
1. Evaluating the merits & risks of an investment in the Securities and making an informed investment decision;
2. Protecting its own interest; and
3. Bearing the economic risk of such investment for an indefinite period of time.


DISCLAIMER | Horatius Capital Limited is an Appointed Representative of Privium Fund Management (UK) Limited (“Privium”) which is authorised and regulated by the Financial Conduct Authority (“FCA”) in the United Kingdom. The content of this website is for information only and is not intended to be independent investment research. It is not an invitation to buy or sell an investment and is not advice on investments, taxation or on any other matter.This information is not intended to be used by or distributed to any person or entity in a jurisdiction or country where this would be contrary to local law or regulation. Within the EEA, the fund is only available to Professional Investors as defined by local Member State law and regulation. Outside the EEA, the fund is only available to Professional Clients or Eligible Counterparties as defined by the FCA, and in compliance with local law. This content is not intended for distribution in the United States (“US”) or for the account of US persons, as defined in the Securities Act of 1933, as amended except to persons who are “Accredited Investors”, as defined in that Act and “Qualified Purchasers” as defined in the Investment Company Act of 1940, as amended. It is not intended for distribution to retail clients. The representative in Switzerland is ARM Swiss Representatives SA, Route de Cité-Ouest 2, 1196 Gland, Switzerland. The paying agent in Switzerland is Banque Heritage, 61, route de Chêne, Case Postale 6600, CH-1211 Geneve 6, Switzerland. The Prospectus, the Articles of Association and annual financial statements can be obtained free of charge from the representative in Switzerland. The place of performance and jurisdiction is the registered office of the representative in Switzerland with regards to the Shares distributed in and from Switzerland. We believe the information on this website is based on reliable sources, but its accuracy cannot be guaranteed. The opinions expressed represent our views at the time of publication and are subject to change. Neither Privium nor Horatius Capital Limited will be liable for any losses relating to the accuracy, completeness or use of information on this website, including any consequential loss. Past performance does not predict future results and the capital value of investments and the income generated can fluctuate. Where investments are exposed to currencies other than the base currency of the managed account, they may be subject to foreign exchange rate fluctuations.

The registered office of Privium is The Shard, 24th Floor, 32 London Bridge Street, London, SE1 9SG.

Copyright©2021, Privium Fund Management (UK) Limited. All rights reserved.

Horatius Capital was founded in 2017 and is a Global Geopolitical Macro Fund designed to identify thematic investments that uniquely harness human intelligence, geopolitical context and cultural insights.


We are thematic Macro Investors with a deep understanding of both Developed and Emerging Markets gained across multiple investment cycles.
We are geopolitical intelligence experts. Our network has been built up and developed over 25 years.
We have been trading risk since the 1990’s, through the Asian Crisis of 1998, the global financial crisis of 2008, the recent emerging market crisis of 2013-15 and the Covid 19 pandemic.
Our team have developed their skills because they have been tested in the crucible of extreme market environments.


Evaluating and constructing Investment Themes is at the cornerstone of our process.
Our research access and 6th sense provide us with a tried and tested early warning system.
We leverage our geopolitical intelligence network to provide high conviction proprietary opinion that ensures robust Theme construction.
Our Tier 1 market counter-party relationships established over many years provide essential market colour
We are a tight-knit team able to operate at pace.


We aim to reduce as much as possible the emotion from a trade.
Our risk philosophy has evolved from the lessons we have learned managing capital in global markets over the last 30 years.
We have developed a risk framework as a result of our experience and know that a disciplined risk management process is an essential foundation to success.
Our cross-asset class strategy is liquid to execute and transparent to value.


Horatius Capital Limited Registered Company No. 10436077 Registered Address 22 Chancery Lane, London, WC2A 1LS, United Kingdom.

Horatius Capital Limited is an Appointed Representative of Privium Fund Management (UK) Limited which is Authorised and Regulated by the Financial Conduct Authority.

Copyright Horatius 2021.