Stewardship

Stewardship

Managing Partners and Investor interests aligned

The Fund was named ‘Endeavour’ to encapsulate the concept of ‘prolonged, industrious effort’, which is what we consider to mean sustained, or durable.And the founding of  Tellsons itself, to do just one thing, with the partners’ own money invested alongside other investors, aligned for the steady returns available from capital employed over the long term, purposely enshrines these values too.

The document is our regulatory disclosure relating to the UK Stewardship Code. UK Stewardship Code

Under Rule 2.2.3R of the FCA’s Conduct of Business Sourcebook, Tellsons Investors LLP is required to provide 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. 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.
Tellsons Investors LLP pursues investment strategies that involve investing in global equities. Tellsons Investors LLP seeks to act at all times in its clients’ interests and has accordingly adopted a Code of Ethics, a Conflicts Management Policy which covers Stewardship issues amongst other policies all of which are designed to ensure the correct outcomes for investors.

Tellsons Investors LLP monitors investee companies on a continuing basis. Tellsons Investors LLP invests primarily in large cap stocks. In practice, its ability to influence company management is principally through voting. Tellsons Investors LLP’s voting policy, to reduce costs to clients, is normally to limit voting to contentious matters. Tellsons Investors LLP does not currently offer regular reporting on its stewardship and voting activities. The firm does not have any formal arrangements to act collectively with other investors.

The Principles of the Stewardship Code are as follows:

Principle 1: Institutional investors should publicly disclose their policy on how they will discharge their stewardship responsibilities.

Principle 2: Institutional investors should have a robust policy on managing conflicts of interest in relation to stewardship and this policy should be publicly disclosed.

Principle 3: Institutional investors should monitor their investee companies.

Principle 4: Institutional investors should establish clear guidelines on when and how they will escalate their activities as a method of protecting and enhancing shareholder value.

Principle 5: Institutional investors should be willing to act collectively with other investors where appropriate.

Principle 6: Institutional investors should have a clear policy on voting and disclosure of voting activity.

Principle 7: Institutional investors should report periodically on their stewardship and voting activities.

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