Stewardship Code Disclosure

Under Rule 2.2.3R of the Financial Conduct Authority’s Conduct of Business Sourcebook, Frere Hall Capital Management Limited (“FHCM” or “Firm”) is required to include on this website a disclosure about the nature of its commitment to the UK Financial Reporting Council's Stewardship Code ("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. Investors that commit to the Code can either comply with it in full or choose not to comply with aspects of the Code, in which case they are required to explain their non-compliance and state in general terms its alternative investment strategy.

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

Frere Hall is an investment manager implementing a commodities strategy.

Whilst supporting the objectives underlying the Code and adhering to the highest standards of corporate governance and due diligence in respect of its investments, the Firm, having considered the Code, believes that the principles are currently not applicable to its investment activities. Should that change in the future, the Firm will review its commitment to the Code and update this disclosure accordingly. This Code disclosure was updated in September 2017.

For further information on the Firm’s approach to the Code contact


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