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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.
Stonehorn Global Partners Limited
Phone: (852) 3619 4721
Fax: (852) 3619 4727
Suite 1203, Beautiful Group Tower
77 Connaught Road, Central, Hong Kong
For general enquiries:
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.
We facilitate feedback from all our business partners to help us learn and grow. We let ideas meet and form new ideas.
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.
“We strive to create an environment of deserved trust with clients, shareholders, co-workers and business partners.”
“Understanding both the power of compound interest and the difficulty of getting it is the heart and soul of understanding a lot of things.”
“Even if we truly want to, most of us are no longer capable of understanding the major moral problems of the world.”
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.
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.
|Fund||Stonehorn Asia Equity Fund|
|UCITS Domicile||Ireland UCITS – ICAV|
|Management Company (Ireland)||Bridge Fund Management Limited|
|Inception Date||June 11th 2019|
|Auditors – Fund||PWC Ireland|
|Legal Counsel & Company Secretary||Eversheds Sutherland|
|Legal Advisors||Dillon Eustace|
|Fund Administrator||HSBC Securities Services (Ireland) DAC|
|Custodian||HSBC Continental Europe, Dublin Branch, 1 Grand Canal Square, Grand Canal Harbour, Dublin 2, Ireland|
|Valuation & Dealing Day||Daily|
|Performance Fee Period||Yearly|
|Investible countries||Hong Kong, China (H-Shares, A-Shares, B-Shares, US-ADRs), India, Korea, Taiwan, Philippines, Thailand, Malaysia, Singapore and Indonesia|
|Trusted counterparties||JP Morgan, Credit Suisse, HSBC, Citigroup|
|Share Class||Launch Date||Currency||NAV||ISIN Code||Bloomberg Ticker|
|Class A||11-Jun-19||USD||Latest NAV||IE00BJXRGV39||SAEFUSA ID|
|Class I||11-Jun-19||USD||Latest NAV||IE00BJXRGW46||SAEFUSI ID|
|Super-I (EUR)||11-Jun-19||EUR||Latest NAV||IE00BKKKM586||SAEEUSI ID|
|Class I (AUD)||11-Jun-19||AUD||Latest NAV||IE00BJXRGZ76||SAEFAUI ID|
|Super-I (USD)||11-Jun-19||USD||Latest NAV||IE00BJXRGX52||SAEUSSI ID|
|Super-II (USD)||17-Apr-20||USD||Latest NAV||IE00BLDGKJ08||SAEUSII ID|
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.
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.
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.
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
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.
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.
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.
“Our goal is to deliver the highest possible compound rate of return available to us.”
“Our job is, as far as it is sensible, to replace adjectives with numbers in forming investment opinions.”
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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.
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.