Under Rule 2.2.3R of the FCA's Conduct of Business Sourcebook, Astra Asset Management 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. 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.
The seven principles of the Code are that institutional investors should:
- publicly disclose their policy on how they will discharge their stewardship responsibilities;
- have and publicly disclose a robust policy on managing conflicts of interest in relation to stewardship;
- monitor their investee companies;
- establish clear guidelines on when and how they will escalate their activities;
- be willing to act collectively with other investors where appropriate;
- have a clear policy on voting and disclosure of voting activity; and
- report periodically on their stewardship and voting activities.
Astra acts as Alternative Investment Fund Manager to Alternative Investment Funds and segregated client portfolios based in Luxembourg, the US and the Cayman Islands where the principal investments will be in structured credit products in both cash and synthetic form rather than investing in equities in regulated markets.
Astra’s equity trading platform, Islamic finance option and other boutique bespoke investment firm service offering includes investment in traded equities in regulated and unregulated markets.
While the Firm generally supports the objectives that underlie the Code, the Firm has chosen not to commit to the Code. The approach of the Firm in relation to engagement with issuers and their management is determined globally. The Firm takes a consistent approach to engagement with issuers and their management in all of the jurisdictions in which it invests and, consequently, does not consider it appropriate to commit to any particular voluntary code of practice relating to any individual jurisdiction.
Should you have any queries in relation to this, please do not hesitate to contact our Chief Compliance Officer (