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UK Stewardship Code
The Firm supports the principles enshrined in the Financial Reporting Council's Stewardship Code which sets out good practice for investor engagement. The FCA requires all authorised asset managers to publicly disclose either a statement of compliance with the Stewardship Code or where they do not commit, their alternative investment strategy.
The Financial Conduct Authority and the Financial Reporting Council have acknowledged that certain aspects of the Stewardship Code are not directly relevant to all managers. The Firm is a fund manager which act as an Alternative Investment Fund Manager (AIFM) for Alternative Investment Funds (AIF) and also act as a Collective Portfolio Management Investment Firm (CPMI).
It should be noted that given the Firm’s specialist focus is not UK focused/dominant, the number of occasions on which the Firm will be involved in UK equity investments, will be limited. Therefore, the Code’s relevance has limited applicability to the Firm’s investment activities.
The Firm’s Executive Management will continue to review the Code's applicability.
Disclosure of Top Five Venues and quality of execution obtained
The Markets in Financial Instruments Directive (MIFID II) requires investment firms to summarise and make public, on an annual basis, the top five execution venues used (brokers or counterparties) in relation to the volume of trades placed across a range of financial instruments. Investment firms are required to publish a summary both for trades they have executed themselves, and for trades they have placed with other firms for execution.
Please click here to access the summary for 2018.
Please click here to access the summary for 2017.