Protective. Calm. Intelligent. Patient. Generous.

Welcome to the website of Landseer Asset Management LLP (“Landseer, “we, “our”, “us”). Please read these terms and conditions carefully and click “I accept this disclaimer” if you wish to access the website. By accessing this website you are indicating that that you have read, acknowledge and agree to be bound by the following terms and conditions and that you have read Landseer’s Privacy Notice.  If you do not agree to these terms, you must stop using this website immediately.

This website uses cookies and similar technologies.  By continuing to use this website you are agreeing to our use of cookies.

Landseer Asset Management UK LLP is authorised and regulated by the Financial Conduct Authority (“FCA”) of the United Kingdom which can be contacted at 12 Endeavour Square, London E20 1JN. Landseer is registered on the financial services register with firm reference number 951602. Landseer is the owner and operator of this website and can be contacted using the details set out in section 10 below. This website describes Landseer’s capabilities and is for information purposes only.  Nothing in this website should be construed as investment, tax, legal, accounting or other advice.

Who may access this website- subject to local restrictions

The information on this website is provided to you for informational purposes only and should not be regarded as an offer or solicitation of an offer to buy or sell any investments or related services that may be referenced on this website. This website is only intended for professional clients and eligible counterparties in the United Kingdom. It is not intended for distribution to any other country where such distribution or use would be contrary to local law or regulation.

By accessing the contents of this website, you are certifying that you are a Professional Client and as a consequence of this categorisation you are considered to possess the experience, knowledge and expertise to make your own investment decisions and assess the inherent risk in these decisions. Appropriateness tests will not be conducted in respect of the products and services provided to you. Additionally, you will lose the protections afforded to retail clients as provided for under the Financial Conduct Authority rules as well as any right to bring an action for damages under Sections 71 and 150 of the Financial Services and Markets Act 2000. In particular, you will lose the following protections:

•You will have no right to compensation under the Financial Services Compensation Scheme.

•You will have no right of access to the Financial Ombudsman Service.

•We may have regard to your expertise when complying with requirements under the regulatory system that communications must be clear, fair and not misleading.

•In the event that we cease to provide investment services, we are not required to ensure that any business which is outstanding is properly completed but we will nevertheless agree to do so.

Please note that you have the right to request a different categorisation by writing to us.

Important information for European Economic Area

This website is not intended for investors for residents of the European Economic area.

Important information for U.S. persons

The securities and services described on this website are not intended for use and are not offered in the United States of America (including the District of Columbia or any other territory occupied or possessed by the United States of America) or to U.S. persons (including residents of the United States of America, residents within an area subject to its jurisdiction and U.S. persons who are resident outside the United States of America).  As such, by accepting these terms you represent and warrant that you are not a U.S. person who is in either of the following two categories: (a) a person included in the definition of “U.S. person” under Rule 902 of Regulation S under the 1933 Act or (b) a person excluded from the definition of a “Non-United States person” as used in CFTC Rule 4.7. The Fund has not been and will not be registered as an investment company under the U.S. Investment Company Act of 1940, as amended (the “1940 Act”).

 1. regulated financial intermediaries, such as banks, securities dealers, fund management companies and asset managers of collective investment schemes and central banks;
2. regulated insurance companies;
3. public entities and retirement benefits institutions with professional treasury facilities;
4. companies with professional treasury facilities; and
5. high-net worth individuals which fulfil the requirements of Article 6 of the Ordinance on Collective Investment Schemes of 22 November 2006.

In the event that you are an "independent asset manager" and fulfil the requirements of Article 3 para 2 lit. c CISA, you certify that you will use the information on this website exclusively for those of your clients that are considered as qualified investors within the meaning of Article 10 CISA

Important information for Investors in Switzerland

The following web pages contain information on foreign collective investment schemes which have not been approved by the Swiss Financial Market Supervisory Authority (FINMA) for distribution in or from Switzerland to non-qualified investors in accordance with Article 119 et seq of the Federal Act on Collective Investment Schemes of 23 June 2006 ("CISA"). The information contained in the following pages is only directed to "qualified investors" within the meaning of Article 10 CISA with domicile/registered seat in Switzerland.
By clicking on the button "ACCEPT" you certify that you are a qualified investor with domicile/registered seat in Switzerland and that you have read, understood and accepted the legal terms and conditions following below.
Qualified investors pursuant to Article 10 para 3,3 bis and 3 ter CISA are in particular:

1. regulated financial intermediaries, such as banks, securities dealers, fund management companies and asset managers of collective investment schemes and central banks;
2. regulated insurance companies;
3. public entities and retirement benefits institutions with professional treasury facilities;
4. companies with professional treasury facilities; and
5. high-net worth individuals which fulfil the requirements of Article 6 of the Ordinance on Collective Investment Schemes of 22 November 2006.

In the event that you are an "independent asset manager" and fulfil the requirements of Article 3 para 2 lit. c CISA, you certify that you will use the information on this website exclusively for those of your clients that are considered as qualified investors within the meaning of Article 10 CISA.

Changes to website content

These terms and conditions and the information contained on this website is subject to change without notice and no guarantee is made as to its accuracy, completeness or fitness for a particular purpose.  Landseer has expressed its own views and opinions on this website and these may change without notice.  Landseer is under no obligation to update information and visitors to this website should not rely solely on the information contained on this website in making an investment decision.

We keep our terms and conditions under review.  These terms and conditions were most recently updated on 15 November 2021.

Intellectual property rights

Landseer is the owner or licensee of all intellectual property rights (including copyright and database rights) that subsist in this website, and in the material published on it.  No right is granted to use the website:

(i) to create a database (electronic or otherwise) that includes material downloaded or otherwise obtained from the website except where expressly permitted on this website or by written agreement with Landseer;

(ii) to transmit or re-circulate any material obtained from the website to any third party except where expressly permitted on this website or by written agreement with Landseer;

(iii) in such a way so as to remove the copyright or trade mark notice(s) from any copies of any material made in accordance with these terms.

No use of Landseer's name, logos and/or other trade marks (whether registered or unregistered) may be made by you without separate express written agreement being given by Landseer (or its licensors).

Liability

Whilst Landseer has sought to ensure the accuracy and completeness of the information contained on this website as at the date of publication, save as required by applicable law and regulation, Landseer gives no warranty or representation and accepts no liability in respect of the accuracy, adequacy or completeness of such information.

Whilst Landseer endeavours to maintain the availability of this website Landseer cannot guarantee that your use of this website will be free from error and/or uninterrupted. Accordingly, the website is provided on an “AS IS” and “AS AVAILABLE” basis without any warranties of any kind. We do not accept any liability arising from any interruption in availability.

Whilst effort has been taken to ensure that the website is free from viruses, no warranties are given that it is free from viruses and users are responsible for ensuring that they have installed adequate anti-virus software.  Landseer shall not be liable for any viruses or any other computer code, files or programmes designed to interrupt, restrict, destroy, limit the functionality of or compromise the integrity of the website or any hardware on which it is hosted.

Third Party websites

This website may contain links to external websites operated by third parties.  These links are included to give users the opportunity to access other pages that it is felt may be of assistance to them.  Landseer makes no representations as to the accuracy or any other aspect of the information contained on such websites and Landseer accepts no responsibility for the content of such websites.

Data protection

On some pages of this website, users are asked to contact Landseer to provide, or obtain, further information.  Please refer to our Privacy Notice which provides information about how we gather and use personal information.

General

Each of the paragraphs of these terms and conditions operates separately.  If any court or relevant authority decides that any of them are unlawful or unenforceable, the remaining paragraphs will remain in full force and effect.

If we fail to insist that you perform any of your obligations under these terms and conditions, or if we do not enforce our rights against you, or if we delay in doing so, that will not mean that we have waived our rights against you and will not mean that you do not have to comply with those obligations.

These terms and conditions are governed by English law and are available only in English.  You and we both agree that the courts of England and Wales will have non-exclusive jurisdiction over any dispute or claim arising under these terms and conditions.

Contact details

Landseer Asset Management UK LLP, 49 Grosvenor Street, London W1K 3HP, United Kingdom; Telephone +44 (0)20 7959 3509. Landseer Asset Management UK LLP is a limited liability partnership registered in England and Wales under company number OC431777.  Except where otherwise required by applicable law or regulations, all communication and documentation sent to you by Landseer will be in English.  You may communicate with us in English.

For more information about this website, including information concerning the personal data Landseer holds about you, please contact us by email via clientservices@landseeram.com. 

UK Stewardship Code

Under Rule 2.2.3R of the FCA's Conduct of Business Sourcebook, Landseer is required to include on this website a disclosure about the nature of its commitment to the UK Financial Reporting Council's Stewardship Code (the "Code") or, where it does not commit to the Code, its alternative investment strategy. The Code is a voluntary code and sets out a number of principles relating to engagement by investors with UK equity issuers. 

The Code aims to enhance the quality of engagement between institutional investors and companies to help improve long-term returns to shareholders and the efficient exercise of governance responsibilities. It sets out good practice on engagement with investee companies and is to be applied by firms on a “comply or explain” basis. The Code is directed in the first instance to institutional investors with equity holdings in UK listed companies; The FRC recognises that not all parts of the Code will be relevant to all institutional investors and that smaller institutions may judge some of the principles and guidance to be disproportionate. It is of course legitimate for some asset managers not to engage with companies, depending on their investment strategy, and in such cases firms are required to explain why it is not appropriate to comply with a particular principle. 

The seven principles of the Code are that institutional investors should: 

1. Publicly disclose their policy on how they will discharge their stewardship responsibilities; 

2. Have and publicly disclose a robust policy on managing conflicts of interest in relation to stewardship; 

3. Monitor their investee companies; 

4. Establish clear guidelines on when and how they will escalate their stewardship activities as a method of protecting and enhancing shareholder value; 

5. Be willing to act collectively with other investors where appropriate; 

6. Have a clear policy on voting and disclosure of voting activity; and 

7. Report periodically on their stewardship and voting activities 

Landseer is an alternative asset manager that invests in an equity Long/Short strategy. We do not adhere to the Code as we do not regularly meet with the management team of the companies we invest in and we do not seek to take an activist role in the management of the companies that we invest in.

Landseer is privately owned and, in the best interests of our clients, we do not seek to partners with other businesses or act jointly with any other investors. We are a standalone asset management business, and aside from asset management, we do not have any other income streams or other business lines that could conflict with our core business. In the spirt of Code, Landseer aims to be transparent with its business objectives and the way it reports it business activities to its shareholders. Landseer supports the aims of Principles of the Code despite not adhering to the Code.

Shareholder Rights Directive

Under SRDII, Landseer is required to disclose the PTR and PTC associated with certain funds. As SDRII is not prescriptive regarding disclosure location for these values, Landseer has chosen to publish these in the Annual Reports. 

ESG Policies

Please refer to our ‘ESG Page’ for further information