Under the Financial Conduct Authority’s (‘FCA’) Conduct of Business Rules 2.2.3R, Lancaster Investment Management LLP (‘Lancaster Investment Management’ or 'firm') is required to make a public disclosure on its website in relation to the nature of its commitment to the Financial Reporting Council’s (‘FRC’) UK Stewardship Code 2026 ('Code') or, where it does not commit to the Code, its alternative investment strategy.
The Code applies on a ‘comply or explain’ basis and is voluntary.
The Code establishes the core principles of effective stewardship to set a high standard of transparency for asset owners, asset managers and for the service providers that support them. ‘Stewardship’ is the responsible allocation, management and oversight of capital to create long-term sustainable value for clients and beneficiaries.
Whilst Lancaster Investment Management supports the objectives underlying the Code, and adheres to the highest standards of corporate governance and due diligence in respect of its investments, the firm believes that the Code's principles are not applicable to its investment activities at this time.
The firm pursues a fundamental investment strategy across global equity markets with a core focus on Europe, including UK equities. A consistent global approach is taken to engagement with issuers and their management in all of the jurisdictions in which the firm invests, as set out in our Responsible Investment Policy and Proxy Voting Policy (both of which are available on request). Consequently, the firm does not consider it appropriate to commit to any particular voluntary code of practice relating to any individual jurisdiction.
Should that change in the future, Lancaster Investment Management will update this disclosure accordingly. This disclosure will be reviewed at least annually.
For any questions regarding this disclosure, please contact us via the “Contact us” page of this website.