Axebrook Capital LLP’s Commitment to the UK Stewardship Code

Under Rule 2.2.3R of the FCA’s Conduct of Business Sourcebook, Axebrook Capital LLP (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. We have detailed below the reasons why the firm has chosen not to commit to the Code. 

The Firm pursues a predominantly credit-focused strategy with limited exposure to global equities.  While the Firm generally supports the objectives that underlie the Code, given the de minimis proportion of the Firm’s trading to which it would be applicable, the Firm has chosen not to commit to the Code. In the context of UK equities, it is not the Firm’s policy to engage with issuers or management as we take relatively small positions and are not seeking to add value via our engagement with the issuer. 

For further information on the Firm’s approach, please email

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