The Penrich Capital Group
We have operations in three different countries:
- the United Kingdom
- New Zealand
- The Cayman Islands
Penrich Capital UK Limited is a London-based investment advisory company established in 2004. We have been regulated and authorised by the Financial Services Authority since 1 January 2005.
The members of the investment team at Penrich Capital UK have an average of close to twenty years' experience in investing and advising on investments. We have undertaken research and investment funds across the major countries and also in developing economies. The background of the team spans economic policy making, investment banking, funds management and risk management. This experience has been gathered in Europe, North America, Asia and Australasia.
Penrich Capital UK Limited makes much of its research available to selected members of the financial services industry and the media.
The company provides investment advice to the Penrich Global Macro Fund.
Commitment to the UK Stewardship Code
Under Rule 2.2.3R of the FSA's Conduct of
Business Sourcebook, Penrich Capital UK Limited (the "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 (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 Firm advises a fund with a global macro investment strategy that does not result in it trading in single equities. Consequently, while the Firm supports the general objectives that underlie the Code, the provisions of the Code are not relevant to the type of investing currently undertaken by the Firm. If the Firm's investment strategy changes in such a manner that the provisions of the Code become relevant, the Firm will amend this disclosure accordingly.
Penrich Capital is a financial services company based in Christchurch, New Zealand. The firm was established in 2004 and has provided investment management functions, financial reporting services, regulatory filing assistance and information technology development ever since. In addition, Penrich Capital began providing services as a Fund Administrator in 2008.
Our services include:
- All middle and back office investment management functions
including portfolio recording, portfolio accounting, settlements and
reconciliations
- Corporate services including accounting, taxation and regulatory
assistance. We have experience in multiple accounting regimes
including IFRS, UK GAAP, US GAAP and NZFRS
- Regulatory filings which includes all aspects of filings from
company formation to annual reporting, taxation filing and UK FSA
returns.
- Fund administration including NAV calculation, investor reporting
and share registry services.
The team in New Zealand each have in excess of 10 years' experience in financial services. This experience has been gathered in Europe and Australasia.
The major earthquakes in Christchurch since September 2010 have made life difficult for the company and its staff but we have been able to maintain service levels throughout. The future of the registered office of the company is uncertain and the postal address has been altered but in all other respects, the company continues to function as normal. Penrich Capital remains committed to its future in Canterbury.
Penrich Active Capital Management is the parent company of the Penrich Capital Group. It is based in the Cayman Islands and has overall responsibility for the investment management of the Penrich Global Macro Fund.
Penrich Active Capital Management provides some risk management services and undertakes transactions for the Penrich Global Macro Fund.
Penrich Active Capital Management has entered an agreement with Penrich Capital whereby all middle and back office functions are undertaken in New Zealand. Another agreement has been made with Penrich Capital UK to sub-contract research and other investment management functions.