Legal & Regulatory Information
The J. Stern & Co Group
Stern and J Stern & Co refer to the J Stern & Co Group. The group includes three regulated entities, J. Stern & Co LLP, Star Fund Managers LLP and J. Stern & Co (Switzerland) AG. It also includes J. Stern & Co Limited, J. Stern & Co Services Limited, Star Fund GP Sàrl, JSC Capital Limited, SFM Capital Limited, Star Football Finance Limited, Star Rights Limited, and JSC Holdings (Cayman) Limited.
J. Stern & Co LLP is a limited liability partnership incorporated in England and Wales under number OC378306. Its registered office is at 4 Carlton Gardens, London SW1Y 5AA, United Kingdom. J. Stern & Co LLP is authorised and regulated by the Financial Conduct Authority under firm reference number 588344. It’s legal entity identifier, or LEI, is 2549003TLEXYJIFA3O32. A list of the members is available for inspection at the registered office and at Companies House.
Star Fund Managers LLP is a limited liability partnership incorporated in England and Wales under number OC341016. Its registered office is at 4 Carlton Gardens, London SW1Y 5AA, United Kingdom. Star Fund Managers LLP is authorised and regulated by the Financial Conduct Authority under firm reference number 491003. A list of the members is available for inspection at the registered office and at Companies House.
J. Stern & Co (Switzerland) AG is a registered independent asset management company in Switzerland under the Commercial Registry of the Canton of Zurich with number CH-020.3.040.473-1 It’s registered company address is Gartenstrasse 10, 8002 Zürich Switzerland. It is a member of Polyreg and adheres to the PolyAsset Code of Conduct.
J. Stern & Co Limited is a company incorporated and registered in Malta with registered number C 80294 whose registered office is at 171, Old Bakery Street, Valletta, VLT1455, Malta.
Star Fund GP Sàrl is a company société à responsabilité limitée incorporated in Luxembourg and registered with the RCSL under number B207245. Star Fund GP Sàrl is the general partner of the Star Football Finance Fund SCSp a société en commandite spéciale, incorporated in Luxembourg and registered with the RCSL under number B207393. The registered office of both entities is 42-44, Avenue de la Gare, L-1610 Luxembourg.
J. Stern & Co Services Limited is incorporated in England and Wales under number 08205081. Its registered office is at 4 Carlton Gardens, London SW1Y 5AA, United Kingdom.
JSC Capital Limited, SFM Capital Limited and Star Football Finance Limited are all companies incorporated in England and Wales under numbers 08205095, 06733579 and 09558404 respectively. The registered office of each is at 4 Carlton Gardens, London SW1Y 5AA, United Kingdom. Star Rights Limited is a company incorporated in Malta under number C 84110. Its registered office is at 171, Old Bakery Street, Valletta, VLT1455, Malta. JSC Holdings (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.
Our Risk Statement, Conflicts of Interest Policy and Best Execution Policy are all available by clicking this link.
Our privacy notice is 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.