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For news and media enquiries, please contact us at: contact@stonehornpartners.com

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Corporate Governance and Responsible Investing Policy

At Stonehorn Global Partners we believe in everything that we do, in all that we represent, and with all our fiduciary powers and responsibilities we invest for a more sustainable economy. We believe in the sustainability revolution. We balance social, environmental and economic factors in the decisions that we make. We believe, this enables us to thrive and contribute to the health and growth of communities. We believe that fiduciary powers are not a barrier to investing sustainably but rather an opportunity.

Contact Us

Stonehorn Global Partners Limited

Phone: (852) 3619 4721
Fax: (852) 3619 4727
Suite 2806, Lippo Center Tower One
89 Queensway, Admiralty, Hong Kong

For general enquiries:

Investing for the long term

Our People

Our Values

Be Honest

Investing is all about intellectual honesty. Not being honest is an expensive habit in investing because at certain points you will deceive yourself unwittingly. Honesty is the best policy, and is good business.

Be Open

We facilitate feedback from all our business partners to help us learn and grow. We let ideas meet and form new ideas.

Keeping Promises

We work hard to be accountable to both our words and our deeds. Only if we are dependable can we come to expect others to reciprocate.

Strategy

Home Page Quote

“We strive to create an environment of deserved trust with clients, shareholders, co-workers and business partners.”

Charlie Munger

“The safest way to get what you want is to deserve what you want.”

Charlie Munger

“Understanding both the power of compound interest and the difficulty of getting it is the heart and soul of understanding a lot of things.”

Yuval Harari

“Even if we truly want to, most of us are no longer capable
 of understanding the major moral problems of the world.”

Our Story

Who we are

Stonehorn is majority owned by its staff who believes that alignment of interest with our clients is what builds sustainable partnerships.

Stonehorn’s founding members have partnered together in Asia for over 10 years and have a long track record investing in Asian equities. The three Founders of Stonehorn, Sam Lecornu, Duke Lo and John Lam, were founding members of Macquarie’s Asian Listed Equities Division in Hong Kong, where Sam was the Co-Founder and Head of Investments. In 2008, Sam brought his experience investing in Australia and applied it to Asia, and grew it into a multi-billion dollar business by 2018.

Our Founders’ first investment together in Asia was on May 28th, 2008 with less than US$10m. Since then we have built an extensive network of relationships with Asian companies, government bodies and industry contacts. This level of access together with our experience allows us to select our investments carefully by cross-checking our investment assumptions with management discussions, financial analysis and industry checks.

Our system is based on seamless collaboration with each member correctly trusting each other.

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Fund Documents

Fund Details

GENERAL FUND INFORMATION – Irish Collective Asset-Management Vehicle (“ICAV”)

The ICAV is a collective asset-management vehicle being a body corporate, established pursuant to the Irish Collective Asset-Management Vehicle Act 2015. The ICAV has been authorised by the Central Bank of Ireland pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations, 2011 (S.I. No. 352 of 2011) as amended, supplemented or consolidated from time to time.

FundStonehorn Asia Equity Fund
UCITS DomicileIreland UCITS – ICAV
Management Company (Ireland)Bridge Fund Management Limited
Inception DateJune 11th 2019
Auditors – FundPWC Ireland
Legal Counsel & Company SecretaryEversheds Sutherland
Legal AdvisorsDillon Eustace
Fund AdministratorHSBC Securities Services (Ireland) DAC
CustodianHSBC Continental Europe, Dublin Branch, 1 Grand Canal Square, Grand Canal Harbour, Dublin 2, Ireland
Valuation & Dealing DayDaily
Performance Fee PeriodYearly
Investible countriesHong Kong, China (H-Shares, A-Shares, B-Shares, US-ADRs), India, Korea, Taiwan, Philippines, Thailand, Malaysia, Singapore and Indonesia
Trusted counterpartiesJP Morgan, Credit Suisse, HSBC, Citigroup

Net Asset Value

Share ClassLaunch DateCurrencyNAVISIN CodeBloomberg Ticker
Class A11-Jun-19USDLatest NAVIE00BJXRGV39SAEFUSA ID
Class I11-Jun-19USDLatest NAVIE00BJXRGW46SAEFUSI ID
Super-I (EUR)11-Jun-19EURLatest NAVIE00BKKKM586SAEEUSI ID
Class I (AUD)11-Jun-19AUDLatest NAVIE00BJXRGZ76SAEFAUI ID
Super-I (USD)11-Jun-19USDLatest NAVIE00BJXRGX52SAEUSSI ID
Super-II (USD)17-Apr-20USDLatest NAVIE00BLDGKJ08SAEUSII ID

Home Page Video

Winston Churchill

“The longer you can look back, the farther you can look forward.”

Third Section for ESG

Stonehorn Global Partners proudly reflects sustainability in its products and services that we provide to our clients globally by adherence to our Corporate Governance and Responsible Investment Policy.

We integrate Environmental, Social and Governance (ESG) factors into our investment process and we seek to be a signatory of the United Nations Principles for Responsible Investment (UNPRI).

Principle 1: We will incorporate ESG issues into investment analysis and decision-making processes.

Principle 2: We will be active owners and incorporate ESG issues into our ownership policies and practices.

Principle 3: We will seek appropriate disclosure on ESG issues by the entities in which we invest.

Principle 4: We will promote acceptance and implementation of the Principles within the investment industry.

Principle 5: We will work together to enhance our effectiveness in implementing the Principles.

Principle 6: We will each report on our activities and progress towards implementing the Principles.

We are committed to actively support the global responsible investment initiative and encourage our invested companies and partners to adopt similar mindsets.

The core fundamental principle in this corporate governance and responsibility policy is based on our fiduciary duty to protect the interests of our client. We act as a trusting partner for our clients when protecting their investments and equally we expect companies we invest in and partners with which we work to share in having a clearly defined and transparent corporate governance model. Stonehorn takes an ongoing active ownership approach where we focus continuously on the changing aspects of companies in which we invest to protect our clients’ interest in the long run.

Investment Practices

We believe that a company’s long-term fundamentals can be affected by ESG issues from both protecting our investors from a risk and also from an investment return perspective. This is engrained into our investment process and decision-making process.

We take into account all publicly available information on ESG factors when we perform our analysis and when making investment decisions. We will integrate our own internal methodology in assessing ESG from engaging with the company, industry consultants, third party research and data providers.

Engagement

Our view is we are not just a shareholder in the businesses in which we invest. We are owners of the businesses on behalf of our clients and therefore have a responsibility to act as long-term stewards of these companies. We will meet with our companies to understand their business and strategy in corporate governance. We actively promote best practices in each of the business’ ESG policy with a long-term interest for investors.

We will commit to review with our companies at least annually on their ESG policy. While we do not attempt to be activist, we will simply choose not to invest in a company if we do not see the right mindsets in our investment companies.

Corporate Governance

Sound governance starts with a board that has the right skills, incentivisation structure for management and monitoring of risks. Our understanding of corporate governance requires analysis of, but is not not limited to, the below values:

1. Board composition

2. Auditor

3. Shareholders rights and proposals

4. Executive remuneration

We continually monitor changes to corporate governance in invested companies and seek companies that have transparent, strong business models with a well-balanced management team.

Environmental

We will consider the risks the invested companies pose to the environment as part of their business activities. We are committed in addressing these issues to reduce environmental impact and climate related changes. We encourage our partners and investment companies to work towards low carbon emission.

Voting

We will vote at all meetings for all our investment companies. We will vote collectively in the same way across all our portfolios and mandates unless where practical, specific clients have given instructions for their specific portfolios. Our principles in voting are to follow the best interest of our clients and to incorporate long-term sustainability investing in-line with industry best practices.

Quote by Duke Lo

“Our goal is to deliver the highest possible compound rate of return available to us.”

People Tabs

Investment Team

NAV

Implementing The Six Principles

Quote by John Lam

“Our job is, as far as it is sensible, to replace adjectives with numbers in forming investment opinions.”

Our Board

Fund Tabs

Insight Posts

Disclaimer

Disclaimer: Hong Kong – Professional Investors
Please read this page before proceeding. The following explains certain regulatory restrictions on the distribution of the information on this website in certain jurisdictions. After you have read the information set out below, please click on the “I agree” button below to acknowledge that you have read and understood the information and accept the terms and conditions set out therein, otherwise click “Cancel” to leave the website.

The information on the website you are about to enter is intended for Professional Investors / Accredited & Institutional Investors / Qualified Investors ONLY as defined in your relevant jurisdiction.

No Offer/Local Restrictions
Nothing contained in or on the website should be construed as a solicitation of an offer to buy or offer, or recommendation, to acquire or dispose of any security, commodity, investment or to engage in any other transaction. No information included on this website is to be construed as investment advice or as a recommendation or a representation about the suitability or appropriateness of any advisory product or service; or an offer to buy or sell, or the solicitation of an offer to buy or sell, any security, financial product, or instrument; or to participate in any particular trading strategy. Investors should seek independent financial and tax advice before making any investment decision.

The information provided on the website is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. All persons and entities accessing the website do so on their own initiative and are responsible for compliance with applicable local laws and regulations. The website is not directed to any person in any jurisdiction where the publication or availability of the website is prohibited, by reason of that person’s nationality, residence or otherwise. Persons under these restrictions must not access the website. For investors outside Hong Kong, you can also contact local intermediaries for further information.

Information On This Website
Stonehorn (Stonehorn Global Partners Limited) has taken reasonable care to ensure that the information contained on this website is accurate, current, complete, fit for its intended purpose and compliant with relevant legislation and regulations and, where applicable, the laws of the country of your residence as at the date of issue.
However, errors or omissions may occur due to circumstances beyond Stonehorn’s control and no warranty is given, or representation made, regarding the accuracy, validity or completeness of the information on this website and no liability is accepted by such persons for the accuracy or completeness of such information. You must conduct your own due diligence and investigations rather than relying on any of the information in this website. Any person who acts upon the information contained on this website does so entirely at his own risk.

Information posted on this website is current only as at the date it is first posted and may no longer be true or complete when viewed by you. Stonehorn cannot guarantee that content will be accurate, complete and current at all times.

To the extent that any information on this website relates to a third party, such information has been provided by that third party and is the sole responsibility of such third party and Stonehorn accepts no liability for such information. All content on the website is subject to modification from time to time without notice. To the extent that this website contains any expression of opinion or forecast, such opinion or forecast is based on sources believed by Stonehorn to be reliable, but is not guaranteed or warranted as to its current validity, accuracy or completeness. Opinions expressed represent the opinions of Stonehorn at the date of publication only, reflecting prevailing market conditions and certain assumptions (which may not prove to be valid), are subject to change and should not be relied on by users of the website.

Risk Warning
Investment involves risks. Past performance is not necessarily a guide to future performance. The value of investments and the income from them may go down as well as up and that you may not get back your original investment. Please refer to the offering documents for details, including the risk factors. You should ensure you fully understand the risks associated with the investment and should also consider your own investment objective and risk tolerance level. If in doubt, please seek independent financial professional advice.