TERMS and conditions



www.ellipsis-am.com is the website of the portfolio management company ELLIPSIS ASSET MANAGEMENT ("ELLIPSIS AM"), a subsidiary of the Kepler Cheuvreux Group since 2022.

ELLIPSIS AM is a public limited company with a management board and supervisory board and a share capital of EUR 2,307,300

Head office in France: 112 avenue Kléber - 75116 Paris

Telephone: +33 (0)1 78 41 55 00

Registered with the Paris Trade and Companies Registry under number 504 868 738 R.C.S. Paris

ELLIPSIS AM is approved by the Autorité des Marchés Financiers (AMF) as a portfolio management company under French law, under number GP-11000014, and is a member of the Association Française de la Gestion Financière (AFG), the professional organisation for third-party asset management in France.

Intracommunity VAT: FR 17 504 868 738 000 15

The website is temporarily hosted by Cloud Azure and will be hosted by Kepler Cheuvreux.

This website and its content are governed and interpreted in accordance with French law. Any dispute arising from or relating to it shall be submitted to the exclusive jurisdiction of the French courts. 


The site presents the management activity of ELLIPSIS AM, as well as the characteristics of the products it offers.


The information on the website "www.ellipsis-am.com" is provided for information purposes only and does not constitute an act of solicitation or a public offering in a country where the marketing of undertakings for collective investment in transferable securities ("UCIs") has not been previously authorised. The information on this website is provided for information purposes only. It is not intended to solicit the subscription or sale of securities.


Persons who are subject to restrictions prohibiting publication or access to the information contained on this site, such as US citizens, are not authorised to access the information contained on this website and are invited to leave the site.

The specific characteristics of the financial instruments and the legal or regulatory provisions applicable to them are set out under the "warning" heading when accessing the various products. The user must consult this warning before continuing his consultation.

Warning - performances

Given the economic and market risks, no assurance can be given that the products presented on the site will achieve their objectives. The value of an investment is subject to market fluctuations and may therefore go down as well as up. As a result, subscribers to the funds may lose all or part of their initial investment. Past performance is therefore no guarantee of future results or of the achievement of the objectives of the various products, with the exception of UCIs benefiting from a specific guarantee.

Any person interested in investing in one of the products presented is invited to seek independent legal and tax advice to verify the appropriateness of the investment in view of the objectives aimed.

Lack of guarantees

ELLIPSIS AM and its contributors make every effort to ensure that the information published on this site is accurate and up-to-date. However, they cannot guarantee its completeness or the absence of modification by a third party (intrusion, virus). The information contained on this site, in particular the net asset values presented, has not been examined or certified by the auditors of the UCI(s) concerned.

Furthermore, Ellipsis AM and its contributors decline all responsability (direct and indirect) in case of delay, mistake or ommission regarding the content of these pages and of its use that can be done by anyone and even in case of interuption or unavailibility of the service.


This site is the property of ELLIPSIS AM. Any total or partial reproduction of the trademarks, logos, drawings, graphics, photographs, texts, analyses etc. present on the site or any communication to third parties, or any other use than for private purposes, is formally forbidden. These data are reserved for the private use of the site's consultant only.

In the event of infringement, the user is liable and may be prosecuted, in particular for counterfeiting.

No link with the site " www.ellipsis-am.com " may be established without prior authorisation from the site manager.


The user is aware of his/her rights and accepts the following conditions :

  • The personal data collected on this site are intended for ELLIPSIS AM, and will be stored according to the convention.
  • All personal data will be stored for the purpose of providing you with a personalised service and will be stored as long as the service is not completed.

In accordance with the French Data Protection Act of 6 January 1978, as amended by the Act of 6 August 2004 on the protection of individuals with regard to the processing of personal data, and with the General Data Protection Regulation (RGPD) of 27 April 2016, the user has the right to access, modify, rectify and delete data concerning him or her by contacting the data controller. To exercise this right, please contact: client_service@ellipsis-am.com

The information you enter will be recorded by ELLIPSIS AM and Kepler Cheuvreux, the data controller. It will be analysed and forwarded to the various departments concerned for internal management purposes.

The mandatory or optional nature of the answers, as well as the consequences of a failure to answer, are specified on the pages allowing you to send us personal data. This information may be communicated to all companies or branches of the group, some of which are located outside the European Union (notably the United States and Switzerland). It may give rise to the exercise of the right of access and rectification under the conditions provided for by law no. 78-17 of 6 January 1978 relating to information technology, files and freedoms, as amended, and the RGPD.

To find out more about your rights of access and opposition to cookies and other web trackers, please click on this link to access the cookie policy.