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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. 

  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 Asset Management (UK) LLP. Strictly Confidential. For professional investors only. Not to be distributed without approval. Past performance is not a guide to future performance. Capital is at risk. The value of investments may fall as well as rise. The material provided is for information purposes only and should not be construed as advice.Issued by Landseer Asset Management (UK) LLP (“LAM”). LAM (FCA no. 951602) Subject to regulatory approval, the Landseer Fund will be classified as an Article 8 Fund under the EU Sustainable Finance Disclosure Regulation (SFDR) in Q4 2021. The information provided in the ESG section of this website has been prepared on this basis but no guarantee can be provided that the Fund will be classified as an Article 8 Fund or as to the timelines in respect of the Article 8 classification.The information contained herein (the “Information”) is for the exclusive use of the intended recipient(s) and the accessing, reproducing or distributing of the Information by any other person is unauthorized and may be unlawful. LAM disclaims all liability for any loss or damage resulting from the receipt or use of the Information and does not warrant as to the completeness or accuracy of the Information. The Information does not constitute: (i) a binding legal agreement; (ii) legal, regulatory, tax, accounting, investment or other advice; (iii) an offer, recommendation or solicitation to buy or sell shares in any fund or any security, commodity, financial instrument or derivative linked to, or otherwise included in, a portfolio managed or advised by LAM; or (iv) an offer to enter into any other transaction whatsoever. Any performance information presented represents past performance. Past performance is no guarantee of future results. LAM (partnership no. OC431777) is a limited liability partnership registered in England and Wales.