UK Stewardship Code

UK Financial Reporting Council's Stewardship Code (the "Code") aims to enhance the quality of engagement between institutional investors and UK companies to help improve long-term returns to shareholders and the efficient exercise of governance responsibilities. The Code is voluntary and sets out good practice on engagement with investee companies to which the UK Financial Reporting Council believes institutional investors should aspire and operates on a 'comply or explain' basis.


North Asset Management LLP is an investment manager whose regular business is to manage Alternative Investment Funds and does not invest directly with UK companies. As such, the Code is not applicable to our business and we do not currently comply.


North Asset Management LLP supports the aims and objectives of the Code and as a regulated firm which is subject to the European regulatory regime.


North Asset Management LLP has a conflicts of interest policy in place (which is available on reasonable request) as well as a code of ethics policy to which all employees are bound. The conflicts of interest policy sets out what may constitute conflicts of interest in our business, which may represent a material risk of damage to the interests of one or more of our clients. The policy further outlines how we manage such conflicts and ensure with confidence that any material risks of damage to clients are prevented.