Website Disclaimer October 2024

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About this Website

The content of this Website (including microsites) has been prepared by Cape Capital AG, with its registered address at Utoquai 55, 8008 Zurich, Switzerland (“Cape Capital”), duly registered at the commercial register of the Canton of Zurich with number CHE-109.617.147. and contains the views and opinions of the particular individuals and is for general information and marketing purposes only. All copyrights and other rights, included but not limited to logos and registered trademarks relating to the entire content of the Website are reserved exclusively to Cape Capital or the specifically designated right holders. Any use, in particular the reproduction or publication in full or in part is permitted only with the prior written consent of Cape Capital. Cape Capital may from time to time suspend the operation of this Website for repair, maintenance or improvement work, or in order to update or upgrade its content or functionality. Cape Capital may also change the format, content and/or access of this Website at any time at its sole discretion without notice. Although Cape Capital believes that information provided on this Website is based on reliable sources, content on this Website is presented only as of the date published or indicated, and may be superseded by subsequent market events or for other reasons. Therefore Cape Capital cannot assume responsibility for the quality, correctness, timeliness or completeness of the information contained herein. Unless otherwise stated, the numbers/figures on the Website are unaudited.


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Cape Capital is a regulated asset manager of collective assets according to the Federal Act on Financial Institutions of 15 June 2018 (FinIA) and supervised by the Swiss Financial Market Supervisory Authority FINMA, Laupenstrasse 27, CH-3003 Bern, Switzerland (FINMA). The Website contains information about various collective investments (“Funds”) which may have been registered or otherwise notified for distribution and marketing in the jurisdiction you have selected. Please note, that such registration or notification does not mean that the Funds are suitable for all investors and their investment objectives, financial situation and risk profile. As an asset manager of collective assets, Cape Capital is, among others, subject to the rules under the Swiss Financial Services Act (FinSA), the Swiss Collective Investment Schemes Act (CISA) and the Swiss Financial Institutions Act (FinIA).Cape Capital is affiliated to the following Ombudsman according to FinSA: Finanzombudsstelle Schweiz (FINOS), Talstrasse 20, CH-8001 Zurich, Switzerland. For further information, please refer to the General Client Information Document available on the Website which forms an integral part of these Conditions.


No Solicitation, Offer, Recommendation or Advice

Nothing contained on this Website constitutes a solicitation, an offer or a recommendation to buy or sell any Cape Capital Funds or other financial instruments, nor does it constitute any form of personal investment advice which takes into account your personal circumstances. Cape Capital does not provide investment, legal, tax or other advice through this Website and nothing herein should be construed as such advice. Cape Capital does not represent that any Cape Capital collective assets or financial instruments mentioned on this Cape Capital website are suitable for any investor. Investment or other decisions should be made solely on the basis of the relevant product and/or service documents (prospectus/offering memorandum, fund contract/articles, key information documents, financial reports) of the respective collective investment. If not a Cape Capital client, it is strongly recommended to contact a professional financial advisor, tax consultant or other qualified expert in order to determine whether an investment in a Fund or other financial instrument corresponds to the specific requirements and preferred level of risk of the investor.


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Any collective investment schemes mentioned on this Website may, unless explicitly stated otherwise, not be offered, sold or delivered to United States (U.S.) citizens or persons resident or incorporated in the U.S. and/or other natural or legal persons whose income and/or returns, regardless of origin, are subject to U.S. income tax, as well as persons who are considered to be U.S. persons pursuant to Regulation S of the U.S. Securities Act of 1933 and/or the U.S. Commodity Exchange Act, in each case as amended from time to time.


Risk Considerations

The provision of financial services and investments in Funds and other financial instruments involve opportunities but also bear risks, including the risk that the value of investments and the income therefrom may fall or rise and investors may not get back the full amount invested or may even lose all of their investment. Investors should ensure to have fully understood such risks before taking any investment decisions. Cape Capital strongly advises to consult the brochure “Risks Involved in Trading Financial Instruments” of the Swiss Bankers Association (SBA) as well as  the relevant documents of the respective Fund or financial instrument and to seek professional investment advice before taking any decision to invest. Investors should note, that these Conditions do not represent a complete statement of risks associated to a Fund or a financial instrument. Past performance is no indication of current or future performance. Performance data do not include commissions and costs incurred by investors when subscribing or redeeming Fund shares.Investments, in particular collective investments in private equity, venture capital and other illiquid assets involve an above-average degree of risk, including the risk that losses may even exceed the original investment and should be seen as long-term in nature.


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The use of this Website, including any information accessed, downloaded or otherwise obtained through the Website is at your own risk. This Website, together with all content, information and materials contained therein, is provided “as is” and “as available”, without any representations or warranties of any kind, whether express or implied, with respect to the Website, and all information and functionalities contained therein.


Limitations of Liability

IN NO EVENT SHALL CAPE CAPITAL BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, PUNITIVE, CONSEQUENTIAL OR OTHER DAMAGES (INCLUDING WITHOUT LIMITATION DAMAGES FOR LOSS OF DATA, BUSINESS OR PROFITS) ARISING OUT OF OR IN CONNECTION WITH THESE CONDITIONS, THIS WEBSITE, THE INABILITY TO USE THIS WEBSITE OR ANY INFORMATION OBTAINED OR STORED THERFROM. Cape Capital excludes any liability for any loss, damage or alteration of any kind including but not limited to transmission to losses, delays, misunderstandings, unauthorized interception by third parties, duplication or fraud, except in the event of gross negligence on the part of Cape Capital. Any transmission or download of information is entirely at your own risk.


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The hyperlinks on the Website are only provided for information and convenience purposes. Cape Capital is not responsible for the content of external websites that link or are accessible from this Website. Cape Capital does not assume any responsibility or liability with respect to any website accessed via this Website. Please note that when you click on any external website’s hypertext link you will leave this Website. You should review the privacy statements of such websites carefully before you provide any personal or confidential information.


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The access and use of this Website, and these present Conditions are governed by substantive Swiss law with the exclusion of the conflict of law principles. The place of jurisdiction is Zurich, Switzerland.

Last Update: October 2024

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The dating economy: The cultural phenomenon of ghosting

FOLIO Edition V
Lifestyle & Opinion

Dating apps have transformed how we connect, but frustrations are mounting as ghosting and superficial interactions become all too common. With millions paying to find love, a push for more personal, meaningful approaches is emerging, signalling a shift away from digital matchmaking.

How many people do you know who met their partner on a dating app? Chances are, quite a few. Almost one fifth of the EU’s total population are on the apps and there are more than 300 million people using digital dating solutions worldwide. What’s more, at least 20 million global users are willing to shell out cash – paying for subscription fees and to unlock special features – in an attempt to better their chances of finding someone special. In other words? There’s big money in love.

The rise of swipe culture

A lot has changed since Match.com launched as the world’s first online dating website in 1995. The iPhone launched in June 2007, and within two years, Grindr arrived, revolutionising dating and hook-ups for gay men and paving the way for Tinder exploding on the scene in 2012 and infiltrating the mainstream. These days, we’ve embraced the apps as a fundamental part of modern dating: their use is so popular that many Gen Zs can’t even remember them not being around. Inevitably, though, just as our behaviours have changed in tandem with increased screen time more generally – prompting reduced attention spans and scrolling addictions – changes have seeped into the dating world. 'Ghosting' is one of the most common symptoms of online dating in 2024: the act of ending all contact with someone without explanation, often to the upset or bewilderment of the other person. It’s a new issue faced by younger generations looking for love in a globalised, hyper-connected world, who can worry less about the awkward confrontations of bumping into a former love interest at the local pub.

What’s more, ghosting is a product of the apps themselves: because balancing the needs of users with big tech isn’t easy. For-profit tech companies are required to attract as many (ideally paying) users as possible, for as long as possible, but the users – at least the ones who are looking for more than a casual fling – usually don’t want to hang around for long. In the last year, this paradox seems to have come to a head. Back in February, the apps came under fire, with users in California filing a proposed class-action lawsuit against Match Group – which owns Hinge, Tinder, and more than 40 other dating platforms – over their business model. They said that the apps use addictive 'game-like features' to keep users hooked, enticing them to pay for subscriptions and ending up stuck in a cycle of swipes rather than actually finding love. In Hinge’s case, they argued that this model fundamentally contradicted their marketing tagline of 'designed to be deleted.'

A Match Group spokesperson denied the allegations and said in a public statement that the lawsuit was “ridiculous and has zero merit”, but the case certainly started a conversation: it seems users have started to wake up to the realities of dating via the apps. Hayley Bystram is a dating coach and relationship expert and says she’s seen an uptick in people using traditional matchmaking services due to their frustration with the apps. “Part of the motivation is because they feel they just have a load of digital pen pals, and it’s not progressing through a relationship – because it’s not even progressing to meeting in person,”  Bystram says.

Avoidance made easy

Bystram suspects the design of the apps themselves will often influence – and even encourage – behaviours like ghosting due to the lack of accountability which comes with setting up a profile. Their non-committal, quick-to-sign-up format – where you input minimal details to set up an account – are designed to onboard as many users as fast as possible, creating a culture of disposability and making choosing avoidance over communication all too easy. “Why would you put the hard work into explaining yourself why you left too long to reply to someone, when you [just] received an email with the ten hottest people this month and you can pick one of those instead?” Bystram says.

“The apps create this situation where there is no consequence and possibility of confrontation. It appeals to that immediacy culture where we get accustomed to quick responses and instant gratification.”

Of course, ghosting isn’t always intentional – Bystram believes it’s sometimes a by-product of a wider issue of digital overwhelm – but for the most part, the apps aren’t helping.

Let’s take a closer look at an app like Hinge, which has a 'freemium' business model. Users can access the basic features for free, but to get extra perks, like a higher visibility profile and being able to send more likes, you’ll have to pay (Hinge Premium costs 23.99 CFH a month).

#3 (3)

Just like other apps, there are sneaky strategies embedded in the design to get people to pay for premium features. One is a ranking system: the algorithm will 'rank' your profile photos when you join the platform and adjust it based on the users who swipe right or left on you. If someone who’s deemed very attractive likes you, your rating goes up, and, if someone who’s judged to be less attractive rejects you, then your rating goes down. The app will then limit the amount of people it shows you who are determined to be in your rank, in an effort to tempt you to pay for a subscription to access better matches.

Most dating apps give free users a set amount of swipes per day, but some users have reported running out of swipes immediately before being shown the most attractive person they’ve seen all day. Others have reported seeing more desirable matches behind the 'paywall' and even being blocked from matching with users who had already swiped right for them, unless they cash out. “The worst thing the apps can do is match people, because then they would both cancel their subscription – if you do that with 10,000 people, that’s a hell of a lot of money,” explains Bystram. So, the best thing they can do is keep you subscribing, keep you paying monthly, and keep the dopamine hits coming.

A pushback against the apps

All this said, it’s almost no surprise we’ve started to see a real push-back to the apps this year. In London, speed-dating events have become 'cool again', with events popping up left, right and centre: incorporating singles mixers with the likes of supper clubs or vinyl listening parties. A recent (and somewhat more bizarre) trend caught on in Spain, where singles would head to the supermarket between 7pm and 9pm and go to the wine aisle with an upside down pineapple in their trolley: the idea being that if you bump trolleys with another pineapple, you’re both interested. Elsewhere, people are taking tech into their own hands, like setting up bespoke Google Forms to sift through potential suitors.

In the backdrop of all of this, shares of Match Group, which boasts 50 percent of the global market for dating apps, have fallen by almost 70 percent between its IPO in the summer of 2020 and June this year. Meanwhile, shares at Bumble were down 85 percent from its 2021 market listing. They’ve listed slowing growth, with monthly app downloads falling, as well as reputational issues. So is it time we stopped swiping right for the apps? With 6.1 million monthly downloads of Tinder in June alone, it seems we won’t be waving goodbye just yet. As the smartphone generation ages and algorithmic technologies continue to grow, behaviours like ghosting could become so entrenched in normality we might not even notice them – or, one might hope, we’ll learn to approach love with a little more humanity.

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