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Les mentions légales suivantes régissent l'utilisation du site internet d’Alizé Capital inc. pour tous les utilisateurs.

Termes et conditions d’utilisation

Alizé Capital inc. présente ce site internet à titre informatif seulement.  En accédant à ce site, vous reconnaissez avoir accepté les termes de l’ensemble des présentes mentions légales.  Le contenu des pages de ce site ne constitue pas une offre d'achat ou de vente de produits ou de services de la part d’Alizé Capital inc.  L’information contenue dans ce site est destinée aux résidents canadiens, mais les produits et services d’Alizé Capital inc. ne sont pas offerts dans toutes les provinces canadiennes.

Ce site contient des liens vers d'autres sites internet n'étant pas la propriété d’Alizé Capital inc. de manière à favoriser la transmission de renseignements utiles aux utilisateurs.  Alizé Capital inc. n'est pas responsable du contenu ou de la mise à jour de ces autres sites.

Exclusion de responsabilité

Tous les efforts ont été apportés afin de s’assurer que l’information fournie dans le présent site soit exacte au moment de sa présentation.  Mais malgré tous ses efforts, Alizé Capital inc. ne peut garantir que les renseignements présentés sont exacts, complets ou à jour en tout temps.  L'information contenue dans ce site n'est pas destinée à remplacer une consultation de nature juridique, comptable, fiscale ou autre et ne doit pas être utilisée à ces fins.  Alizé Capital inc., ses administrateurs, dirigeants, employés et représentants ne sont pas responsables, de quelque manière que ce soit, des pertes ou des dommages pouvant découler directement ou indirectement de l'utilisation du présent site, y compris les dommages particuliers ou consécutifs et les dommages causés aux tiers.

Confidentialité des informations

La confidentialité et la protection des renseignements personnels sont primordiales.  Alizé Capital inc. s’engage à respecter le caractère confidentiel des renseignements personnels vous concernant et prend toutes les mesures nécessaires en ce sens.  Cependant, les communications internet ne sont pas totalement sûres et ni la confidentialité des renseignements qui y sont transmis ni le délai de transmission ne peuvent être assurés.  Alizé Capital inc., ne peut être tenue responsable de tout dommage pouvant découler directement ou indirectement d'une violation de la confidentialité des renseignements transmis par internet ou d'un retard dans la transmission de tels renseignements.

Droits d'auteur

Le présent site internet est la propriété d’Alizé Capital inc. et est protégé par les lois sur les droits d'auteur.  Il est strictement interdit de copier, reproduire, publier ou distribuer, en totalité ou en partie, le contenu de ce site sans le consentement d’Alizé Capital inc.  Pour toute demande d'autorisation ou pour toute autre information à ce sujet, contactez-nous.

Partenaires commerciaux

Fidelity Clearing Canada

Fidelity Clearing Canada provides trade execution, clearing, custody and back-office support services to Canadian-based securities registrants and financial institutions, including portfolio managers, and to Canadian affiliated companies of U.S. securities registrants and financial institutions.

Fidelity Clearing Canada is a subsidiary of U.S.-based Fidelity Investments, a privately held firm with more than $3.7 trillion in assets under administration. Fidelity Clearing Canada is a Member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada.

Banque Nationale Réseau des correspondants

Depuis plus de 20 ans, Banque Nationale Réseau des correspondants s'impose comme le premier choix des courtiers remisiers et des gestionnaires de portefeuilles. Au fil des années, nous n'avons cessé d'offrir un service à la clientèle de première qualité et des solutions d'affaires et des produits d'investissement novateurs et vérifiés de façon indépendante.  Banque Nationale Réseau des correspondants est membre de l'Organisme canadien de réglementation du commerce des valeurs mobilières (OCRCVM), l’organisme d’autoréglementation qui supervise les sociétés de courtage et les activités de négociation sur les marchés boursiers et de la dette au Canada.  Banque Nationale Réseau des correspondants est aussi membre du Fonds canadien de protection des épargnants (FCPE).

Conflict of Interest Disclosure Statement

Introduction
Alizé Capital (“Alizé”) is registered as a portfolio manager and derivatives portfolio manager (options).
Alizé is a company duly incorporated under the Quebec Loi sur les sociétés par actions, having its registered office at 1808, rue des Merles, Saint-Lazare, Province of Quebec, J7T 0B7. The purpose of this Conflicts of Interest Disclosure Statement is to provide Alizé clients with a description of the conflicts of interest Alizé may encounter as a registered portfolio management firm.

Referral Arrangements with Third Parties
To this day, Alize has never concluded a referral arrangement with any party.

Outside Activities
All officers, directors, portfolio managers and employees must make a formal request to compliance regarding outside activities including but not limited to; officers or directors of public companies.  Compliance will review each case on an individual basis and once satisfied that it will not be a conflict of interest, will approve the request.  Compliance will maintain a list of all outside activities. All officers, directors, portfolio managers and employees must advise Compliance of any changes.

Principal Transactions and Cross Trading Securities
Under Canadian regulations, Alizé is subject to certain restrictions from engaging in principal transaction with or on behalf of its clients and from cross trading securities between client accounts. Alizé does not knowingly cross trade securities between Client accounts and follow regulations.

Best Execution
One element of Alizé’s fiduciary duty is the obligation to obtain best execution for clients’ securities transactions.  Alizé will take all reasonable steps to achieve best execution and obtain, on a consistent basis, the best possible result for the executions.  This does not always mean the lowest price for a purchase or the highest price for a sale, but rather takes into consideration a range of different factors.
When placing orders on behalf of clients’ accounts, Alizé’s policy on best execution is to exercise the same standards and operate the same processes across all the different markets and financial instruments in which we trade.  However, the diversity in those markets and instruments means that different factors will have to be taken into account when Alizé assesses the nature of the execution policy in the context of different financial instruments and different markets.
Where a client provides specific instructions as to execution, the order will be executed in accordance with those instructions. This may prevent Alizé from taking the steps designed and implemented in the Alizé policy to obtain the best possible result for the execution of those orders in respect of the elements covered by those instructions.

Fair Allocation
Fair treatment of investors is a fundamental element for Alizé. Alizé acknowledges its fiduciary duty to treat all its clients with fairness in the allocation of investment opportunities. Alizé ensures that where investment opportunities are consistent with the investment objectives and constraints of more than one client, and where those opportunities are considered at or about the same time, those opportunities are allocated equitably amongst the clients of Alizé, available trading tools and technology permitting.  
Alizé also ensures a fair treatment of all clients in situations where two or more client accounts participate simultaneously in a buy or sell program involving the same security or in an IPO. This is accomplished by allocating securities to the accounts involved on a pro rata basis, at the time that the order entry is made and at the average execution price. When an order is partially filled, it is allocated across the accounts involved as per the original pro rata allocation. The method used to allocate commission is the same as described above.
Alizé recognizes that a single inflexible rule will not always result in a fair and reasonable outcome and it may therefore be desirable in certain situations to consider alternatives. However, the principle involved will always remain consistent – to be fair and reasonable to all clients based on their objectives and policies and to avoid favouritism or discrimination amongst clients.

Management Fees and Costs
In return for the portfolio management services rendered by Alizé, fees are charged to the accounts according to the Portfolio Management Agreement. Alizé’s portfolio management fees are determined according to the specified scale that is based on the assets under management, or as agreed to by all parties. These fees are generally charged on a quarterly basis and calculated as a percentage of the market value of the client’s account.
All brokerage fees for executed orders will be charged to the account on a trade per trade basis.
The fees and expenses indicated above are subject to applicable federal and provincial taxes.

Pricing and Account Errors
Material trading errors should be corrected in a manner deemed appropriate by Alizé depending on the specific facts and circumstances of the error while respecting Alizé’s fiduciary duty to act in the best interest of their clients.

Proxy Voting and Other Corporate Actions
Alizé has a fiduciary duty to act in the best interests of its clients.

Personal Trading, Gifts and Business Entertainment
Alizé employees are required to put the interests of clients ahead of their own personal interests, when executing personal trades. Directors, officers, portfolio managers and employees owe a fiduciary duty to clients and in this position of trust, they must always place the best interests of the client ahead of their own personal interests and avoid any actual or perceived conflict of interest. Alizé follows a strict set of rules which includes, but is not limited to, trade and reporting restrictions, prohibited activities, restricted securities, pre-approval and supervision.
Alizé employees do not accept gifts or businesses entertainment of more than a nominal value when there is a perceived or potential conflict of interest.

Outside Business Activities
All employees wishing to undertake outside business activities must make a request to firm’s management and compliance for approval. The following information must be included in the request for approval; name and nature of the business, number of hours devoted to the outside activity and any potential conflicts of interest. Employees must advise management and compliance of any material changes to significant aspects of the activity. Management and compliance will review each request on a case by case basis. Once permission is granted, employees will need to renew their requests annually.

Complaint Handling and Dispute Resolution
Alizé is committed to ensuring the fair and equitable treatment of grievances and complaints that its employees receive regarding the services provided to these clients. Alizé will document and respond to each complaint made about any service offered by the firm or a representative of the firm. If a person or company makes a complaint, Alizé must as soon as possible inform the person or company of how to contact and use the dispute resolution or mediation services which are provided to the firm’s clients. Alize’s clients will be primarily directed to contact the Autorité des marchés financiers (AMF) at www.lautorite.qc.ca or by calling 1-877-525-0337 or to contact the Ombudsman for Banking Services and Investments (OBSI) at www.obsi.ca or by calling 1-888-451-4519.

Investment Performance Benchmark
An investment performance benchmark allows comparing a portfolio’s performance to an appropriate yardstick. Benchmark comparisons can help to determine if an investment strategy is delivering the desired results, or whether changes might be called for. Investment benchmarks are also helpful for developing realistic expectations about returns a portfolio can generate over the long run.
Investment benchmarks usually provide a broad measure of the return generated by specific asset classes over a given period.  An investment benchmark – such as equity or a bond index – must replicate a portfolio as closely as possible for the comparison to be meaningful.
Some benchmark examples are the S&P/TSX Composite and the S&P 500 for Canadian and US equities respectively or the FTSE TMX Canada Universe (previously known as DEX) for Canadian bonds. Alizé uses investment benchmark reflecting the portfolios’ target asset mix. For North American equities, the investment benchmark is made of 60% S&P/TSX Composite and 40% S&P 500 (CA$). For fixed income, the investment benchmark is made of 60% FTSE TMX Canada Short Term Bond Index and 40% FTSE TMX Canada Universe.

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Contacts

Montreal Area: 514.595.3503

Quebec Area: 418.780.4440

Toll Free: 1.855.595.3503

1250, Blvd. René-Lévesque West, Suite 2200
Montreal (Quebec) Canada
H3B 4W8
 
2828 Boulevard Laurier, Suite 700
Quebec (Quebec) Canada
G1V 0B9
 
1808, des Merles Street
Saint-Lazare (Quebec) Canada
J7T 0B7

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