Terms of Use

The Terms of Use apply to all services, information and products that are published on the website of Ipanema Capital as well as our other publications. If you access and use this website, you accept and agree to be bound by and comply with these terms. If you do not accept the terms, do not use the site.


The content on these pages is subject to German copyright law. Duplication, processing, distribution and any kind of re-use outside the limits of copyright require the written prior consent of its respective author. Violations will be prosecuted as civil and criminal law. As far as the content is not created by the website operator, the copyrights of third parties is respected. Any third party work is marked as such. If you are aware of copyright infringement, please let us know. Upon notification of violations, we will remove such content immediately.

Liability for content

As a service provider we are responsible according to § 7 paragraph 1 of TMG for our own content on these pages under the general laws. According to §§ 8 to 10 TMG we are not obliged as a service provider to monitor transmitted or stored foreign information or to investigate circumstances that indicate illegal activity. Obligations to remove or block the use of information under the general laws remain unaffected. However, a relevant liability is only possible from the date of knowledge of a specific infringement. Upon notification of such violations, we will remove the content immediately.

Liability for links

Links from or to web sites outside this site are meant for convenience only. Ipanema Capital does not review, endorse, approve or control, and is not responsible for any sites linked from or to this site, the content of those sites, the third parties named therein, or their products and services. Linking to any other site is at your sole risk and Ipanema Capital will not be responsible or liable for any damages in connection with linking. If there is a problem with a link, please notify us of any violations and we will remove such links immediately.


Ipanema Capital shall not be liable for any loss or damages of any kind resulting from the use of this website. Ipanema Capital makes no warranty and assumes no liability for the completeness, suitability, accuracy and timeliness of the information provided on their websites. It is your responsibility to review the content that is made available to you through this website and our services independently.

This website is not for release, publication, distribution or use in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws or regulation of such jurisdiction.


All offers are not-binding and without obligation. Ipanema Capital reserves the right to change at any time and without notice parts of this website or the entire website to supplement or delete them.

References to possible conflicts of interest

We expressly point out that we hold for our customers securities or plan to purchase or sell securities, which can be the subject of published comments.

Website content does not constitute advice of any kind

The information and data contained in this website does not constitute investment, legal, tax or other advice and should not be construed as a basis for investment decisions or other decisions. Likewise the content published on this website does not constitute an invitation or offer to acquire, hold or sell any investment products mentioned on this website – the content serves for informational purposes only.

Past performance is not a guide to future performance, future returns are not guaranteed, and a loss of original capital may occur. Most countries throughout the world have their own laws regulating the types of securities and other investment products which may be offered to their residents, as well as the process for doing so. As a result, the products and services discussed in this material may not be eligible for sale or otherwise in some jurisdictions.