ALT Asset Management

1. Acceptance

By accessing and using the ALT Asset Management website and related services, you acknowledge that you have read, understood, and agree to be bound by these Terms of Use. If you do not agree to these terms, please do not use this website or our services.

2. Required Documents

Investors are required to submit the following documents when opening an account with ALT Asset Management:

Completed Investor Account Opening Form
Copy of NRIC (for Malaysian citizens) or passport (for foreign investors)
Proof of address (utility bill or bank statement not older than 3 months)
Bank account verification documents
Additional documentation as required for Enhanced Due Diligence

3. Forms

All forms provided by ALT Asset Management must be completed in full and signed by the investor. Incomplete or incorrectly filled forms may result in delays in processing your application. Forms may be submitted electronically through our secure investor portal or in hard copy to our registered office address.

4. Instructions

All instructions to ALT Asset Management must be submitted in writing through our approved channels. We reserve the right to request additional verification for any instruction received. ALT Asset Management shall not be liable for any losses arising from instructions that are unclear, incomplete, or received from unauthorised sources.

5. Statement

Investors will receive periodic statements detailing their holdings, transactions, and account activity. Statements will be made available through our secure investor portal. It is the investor's responsibility to review statements and report any discrepancies within 30 days of receipt.

6. Switching and Redemption

ALT Asset Management offers daily subscription and daily redemption for the ALT Snowball Fund. Subscription and redemption requests received before 4:00 PM on a business day will be processed at that day's Net Asset Value (NAV). Requests received after 4:00 PM will be processed at the next business day's NAV.

Redemption proceeds will be paid within seven (7) business days from the date of redemption. All redemptions are subject to applicable redemption charges as outlined in the Fund's Prospectus.

7. Monies

All investor monies are held in segregated trust accounts with Maybank Trustee Berhad, separate from ALT Asset Management's operational accounts. This ensures the protection of investor assets in accordance with regulatory requirements.

Payments must be made via bank transfer from the investor's personal bank account. Third-party payments and cash payments are not accepted.

8. Representation and Warranties

By investing with ALT Asset Management, you represent and warrant that:

You are a sophisticated investor as defined by the Securities Commission Malaysia
You have the legal capacity to enter into this agreement
The funds used for investment are not derived from any illegal or unlawful activities
You have read and understood the Fund's Prospectus and related documents
You understand the risks associated with equity investments

9. Privacy Notice and Personal Data Protection

ALT Asset Management is committed to protecting your personal data in accordance with the Personal Data Protection Act 2010 (PDPA). By using our services, you consent to the collection, use, and disclosure of your personal data as described in our Privacy Policy. Please refer to our Privacy Policy for detailed information on how we handle your personal data.

10. Investor Classification

ALT Asset Management's fund is a Wholesale Equity Fund with a minimum investment of RM50,000. Investors must qualify as sophisticated investors in accordance with the Securities Commission Malaysia's guidelines.

*As per SC Guidelines of Sophisticated Investors (5 Feb 2024)

11. Fees, Charges and Expenses

The following fees and charges apply to investments in the ALT Snowball Fund:

Management Fee: 1% per annum of Net Asset Value
Performance Fee: 20% of excess returns above High Water Mark with 4% hurdle rate
Sales Charge: Up to 5% of NAV per unit
Redemption Charge: Up to 2% of NAV per unit (0% after 6 months holding period)
Trustee fees, audit fees, and other fund expenses as detailed in the Prospectus

12. Rights of ALT Asset Management

ALT Asset Management reserves the right to:

Reject any application for investment at its discretion
Suspend subscription or redemption of units in accordance with the Fund's Prospectus
Request additional information or documentation from investors
Report suspicious transactions to relevant authorities
Terminate accounts that violate these Terms of Use

13. Financial Crime / AML

ALT Asset Management is committed to combating money laundering and terrorism financing in accordance with the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFPUAA). We reserve the right to conduct Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) on all investors.

We may report suspicious transactions to Bank Negara Malaysia and other relevant authorities. ALT Asset Management reserves the right to freeze accounts or reject transactions where there are reasonable grounds to suspect involvement in financial crime.

14. Indemnity and Liability

You agree to indemnify and hold harmless ALT Asset Management, its directors, officers, employees, and agents from any claims, losses, damages, liabilities, costs, or expenses arising from your use of our services, breach of these Terms of Use, or violation of any applicable laws.

ALT Asset Management shall not be liable for any indirect, incidental, special, or consequential damages arising from the use of our services. Our total liability shall not exceed the amount of fees paid by you to ALT Asset Management in the twelve (12) months preceding the claim.

15. Set-Off

ALT Asset Management reserves the right to set off any amounts owed by you against any amounts held in your account or payable to you, without prior notice.

16. Successor Bound

These Terms of Use shall be binding upon and inure to the benefit of you and your respective successors, executors, administrators, and permitted assigns.

17. Governing Law

These Terms of Use shall be governed by and construed in accordance with the laws of Malaysia. Any disputes arising from these Terms of Use shall be subject to the exclusive jurisdiction of the courts of Malaysia.

18. Amendment

ALT Asset Management reserves the right to amend these Terms of Use at any time. Amendments will be effective upon posting to our website. Your continued use of our services following any amendment constitutes your acceptance of the revised terms.

19. Severability

If any provision of these Terms of Use is found to be invalid, illegal, or unenforceable, the remaining provisions shall remain in full force and effect. The invalid provision shall be modified to the minimum extent necessary to make it valid and enforceable.

20. Termination

ALT Asset Management may terminate your account and access to services at any time, with or without cause, upon written notice. Upon termination, you shall redeem your units in accordance with the Fund's redemption procedures.

21. Force Majeure

ALT Asset Management shall not be liable for any failure or delay in performing its obligations under these Terms of Use where such failure or delay is caused by circumstances beyond our reasonable control, including but not limited to acts of God, natural disasters, war, terrorism, civil unrest, government actions, or disruptions to financial markets.