INFORMATION REGARDING FORWARD-LOOKING STATEMENTS
This prospectus, any prospectus supplement and the information incorporated by reference in this prospectus include forward-looking statements that involve risks and uncertainties. These forward-looking statements include, without limitation, statements regarding our industry, business strategy, plans, goals and expectations concerning our market position, future operations, margins, profitability, future efficiencies, capital expenditures, liquidity and capital resources and other financial and operating information. When used in this discussion, the words “may,” “believes,” “intends,” “seeks,” “anticipates,” “plans,” “estimates,” “expects,” “should,” “assumes,” “continues,” “could,” “will,” “future” and the negative of these or similar terms and phrases are intended to identify forward-looking statements in this prospectus and the information incorporated by reference in this prospectus.
Forward-looking statements reflect our current expectations regarding future events, results or outcomes. These expectations may or may not be realized. Although we believe the expectations reflected in the forward-looking statements are reasonable, we can give no assurance that these expectations will prove to have been correct. Some of these expectations may be based upon assumptions, data or judgments that prove to be incorrect. Actual events, results and outcomes may differ materially from our expectations due to a variety of known and unknown risks, uncertainties and other factors. Although it is not possible to identify all of these risks and factors, they include, among others, the following:
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reductions in AUM based on investment performance, client withdrawals, difficult market conditions and other factors such as a pandemic;
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the nature of our contracts and investment advisory agreements;
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our ability to maintain historical returns and sustain our historical growth;
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our dependence on third parties to market our strategies and provide products or services for the operation of our business;
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our ability to retain key investment professionals or members of our senior management team;
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our reliance on the technology systems supporting our operations;
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our ability to successfully acquire and integrate new companies;
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the concentration of our investments in long-only small- and mid-cap equity and U.S. clients;
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risks and uncertainties associated with non-U.S. investments;
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our efforts to establish and develop new teams and strategies;
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the ability of our investment teams to identify appropriate investment opportunities;
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our ability to limit employee misconduct;
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our ability to meet the guidelines set by our clients;
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our exposure to potential litigation (including administrative or tax proceedings) or regulatory actions;
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our ability to implement effective information and cyber security policies, procedures and capabilities;
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our substantial indebtedness;
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the potential impairment of our goodwill and intangible assets;
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disruption to the operations of third parties whose functions are integral to our ETF platform;
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our determination that we are not required to register as an “investment company” under the Investment Company Act of 1940;
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the fluctuation of our expenses;
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our ability to respond to recent trends in the investment management industry;
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the level of regulation on investment management firms and our ability to respond to regulatory developments;