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​Legal & Regulatory Information

The J. Stern & Co Group

Stern and J Stern & Co refer to the J Stern & Co Group. The group includes J. Stern & Co LLP, Star Fund Managers LLP, JSC (Cayman) Limited and J. Stern & Co Services Limited.

J. Stern & Co LLP is a limited liability partnership incorporated in England and Wales under number OC378306. Its registered office is at 21 Knightsbridge, London SW1X 7LY, United Kingdom. J. Stern & Co LLP is authorised and regulated by the Financial Conduct Authority under firm reference number 588344.

Star Fund Managers LLP is a limited liability partnership incorporated in England and Wales under number OC341016.  Its registered office is at 21 Knightsbridge, London SW1X 7LY, United Kingdom. Star Fund Managers LLP is authorised and regulated by the Financial Conduct Authority under firm reference number 491003.

J. Stern & Co Services Limited is incorporated in England and Wales under number 08205081.  Its registered office is at 21 Knightsbridge, London SW1X 7LY, United Kingdom.


JSC (Cayman) Limited is an exempted company incorporated in the Cayman Islands under number MC 136809 with registered office at P.O. Box 1586, 24 Shedden Road, Grand Cayman KY1-1110, Cayman Islands.

Restrictions

Website for Information only - No Offer or Solicitation

This Website is for information only. It is not an offer or a solicitation to conduct investment business.

General

Access to this Website is not permitted by any person in any jurisdiction (by way of nationality, residence, domicile or otherwise) where the publication or availability of this Website would be in contravention of any applicable law or regulation.

United Kingdom

To the extent that any content of this Website are aimed at residents of the United Kingdom, such content has been approved for issue in the United Kingdom by J. Stern & Co LLP, which is authorised and regulated by the Financial Conduct Authority.   J Stern & Co LLP and Star Fund Managers LLP only act for professional clients.

United States

This Website is not intended for residents of the United States. It is not an offer to sell any securities to or for the benefit of United States persons or the solicitation of any offer to buy securities on the part of or for the benefit of any such United States persons.

Regulatory Disclosures

Policies

Our risk statement, conflicts of interest policy and best execution policy are all available by clicking this link.

UK Retail Distribution Review

The Financial Conduct Authority has introduced regulations (the Retail Distribution Review) to require the bulk of the investment industry to reduce bias and improve quality of investment advice. This will force many firms to move closer to policies adopted by Stern.  Advice from J. Stern & Co LLP and Star Fund Managers LLP is categorised by the FCA as "restricted" because we do not advise on the whole range of "retail investment products".   For example, we do not provide investment advice on products, such as stakeholder pensions, individual savings accounts or personal pension schemes. The service we provide all our clients is impartial, objective and unbiased. 

United Kingdom’s Stewardship Code

The Stewardship Code (the "Code") was developed from the Walker Review on Corporate Governance in the UK and aims to enhance the quality of engagement between investors (and investment managers) and UK listed companies. Although the Code is voluntary, the Financial Conduct Authority requires J. Stern & Co. LLP and Star Fund Managers LLP to include on this website a disclosure about its commitment to the Code or, where it does not so commit, its alternative strategy.

We are a private investment office which provides investment services to substantial private clients, charities and endowments across the world. As stated elsewhere on this site, our overriding objective is to protect and increase the wealth of our clients by achieving long term real returns. Our primary business is to seek out and manage investment opportunities. We look for the best investments to meet the needs of our clients without placing artificial restrictions on that search.

Consistent with that objective, we regularly meet with the managements of companies into which we invest our clients’ funds. Where we think it may make a difference we also look to have a greater degree of dialogue and engagement with the managements of those companies. How much time and effort we dedicate to this dialogue and engagement varies depending on the investment. If our ability to influence a company is limited, for example because we can vote only a small number of its overall shares or because there is a cost to our clients from doing so, we will apply fewer resources. For those reasons we may decide to sell an investment where we disagree with management’s strategy and reinvest the funds elsewhere rather than commit to spending a long time trying to change management’s strategy. When we do decide to vote the shares held by our clients, we will vote or abstain as we consider appropriate. If the situation merits it we may also seek to engage collectively with other investors or, in rare circumstances, to escalate our activities.

We may report our voting record to our clients at their request, but we will not disclose it on this website or elsewhere as we do not consider that doing so serves our clients’ interests.

Regulatory Capital Disclosure