Board of Directors
Chairman of the Nomination and Remuneration Committee
William Scott, a Guernsey resident, serves as an independent non-executive director of a number of investment companies and funds. From 2003 to 2004, Mr. Scott worked as Senior Vice President with FRM Investment Management Limited, now part of Man Group. Previously (from 1989¬2002), Mr. Scott was a portfolio manager and latterly a director at Rea Brothers (which became part of the Close Brothers group in 1999 and where he was a director of Close Bank Guernsey Limited) and before that Assistant Investment Manager with the London Residuary Body Superannuation Scheme (1987-1989). Mr. Scott graduated from the University of Edinburgh in 1982 and is a Chartered Accountant having qualified with Arthur Young (now EY) in 1987. Mr. Scott also holds the Securities Institute Diploma and is a Chartered Fellow of the Chartered Institute for Securities & Investment. He is also a Chartered Wealth Manager. His other directorships include Axa Property Trust Limited (no longer associated with the Axa group of companies), Axiom European Financial Debt Fund Limited and Pershing Square Holdings Limited, all of which are listed on the Premium Segment of the London Stock Exchange.
Stephanie A. Sirota, serves as a Partner and Chief Business Officer at RTW Investments, LP. Ms. Sirota is responsible for strategy and oversight of the firm's business development and strategic partnerships with counterparties including limited partners, banks and academic institutions. She is also responsible for shaping the firm's governance policies underscoring impact and sustainability. Ms. Sirota has a decade of deal experience in financial services. Prior to joining the Investment Manager, from 2006 to 2010, she served as a director at Valhalla Capital Advisors, a macro and commodity investment manager. From 2000 to 2003, Ms. Sirota worked in the New York and London offices of Lehman Brothers, where she advised on various mergers & acquisitions, IPOs, and capital market financing transactions with a focus on cross-border transactions for the firm's global corporate clients. She began her career on the Fixed Income trading desk at Lehman Brothers, structuring derivatives for municipal issuers from 1997 to 1999. Ms. Sirota graduated with honours from Columbia University and also received a Master's Degree from the Columbia Graduate School of Journalism. She has contributed to Fortune Magazine and ABCNews.com and is a supporter of the arts, science, and children's initiatives. She serves as Co-Chairman of the Council of the Phil at the New York Philharmonic and as President of RTW Charitable Foundation. Ms. Sirota serves as Vice President of Corporate Strategy and Corporate Communications of Health Sciences Acquisitions Corporation 2 (HSAC2) and served in the same role at Health Sciences Acquisitions Corporation (HSAC) until December 2019.
Chairman of the Audit Committee
Paul Le Page is a former executive Director and Senior Portfolio Manager of FRM Investment Management Limited, a subsidiary of Man Group, and holds non-executive directorships at a number of London Stock Exchange listed investment funds. Mr. Le Page is Audit Committee Chair of UK Mortgages Limited and Bluefield Solar Income Fund Limited and was previously Audit Committee Chair of Thames River Multi Hedge PCC Limited and Cazenove Absolute Equity Limited. Mr. Le Page has 17 years' Audit Committee experience within the closed end investment fund sector and has a broad-based knowledge of the global investment industry and product structures. Mr Le Page graduated from University College London and later received an MBA from Heriot Watt University.
William Simpson is an independent director based in Guernsey providing services to investment and other financial services companies. William has over 30 years’ experience within the financial services industry. He previously practiced law in the course of which he advised on the establishment of a wide range of investment funds and related matters. William graduated in law from Leeds University and first qualified as an English barrister. William is a member of the Guernsey Bar. William also holds directorships at Investec Premier Funds PCC Limited, Heartwood Alternatives Fund Limited, Absolute Alpha Fund PCC Limited, AHL Strategies PCC Limited + Class N AHL Alpha 2.5 XL Trading Limited, Man AHL Diversified PCC Limited and Alpha Real Trust Limited
RNS & INSIDE INFORMATION
RNS Email Alerts
|31 March 2022||Annual Report and Audited Financial Statements 2021||(3.6MB)|
|31 March 2022||Annual Report 2021 Presentation||(2.24MB)|
|16 September 2021||June 2021 Half-Yearly Report and Financial Statements||(2.27MB)|
|29 April 2021||Annual Report and Audited Financial Statements 2020||(8.18MB)|
|24 September 2020||June 2020 Half-Yearly Report and Financial Statements||(2 MB)|
|22 April 2020||Annual Report and Audited Financial Statements 2019||(3.03MB)|
|28 Apr 2022||Fact Sheet Q1 2022||(381KB)|
|27 Apr 2022||Key Information Document||(207KB)|
|24 Jan 2022||Fact Sheet Q4 2021||(359KB)|
|7 Jan 2022||RTW Venture Fund Presentation Nov 2021||(2MB)|
|26 Oct 2021||Fact Sheet Q3 2021||(338KB)|
|6 Aug 2021||Articles of Incorporation||(644KB)|
|2 Aug 2021||Fact Sheet Q2 2021||(315KB)|
|14 July 2021||Circular 14 July 2021||(330KB)|
|14 July 2021||JPMC Consent Letter||(143KB)|
|1 June 2021||Notice of Annual General Meeting 2021||(122KB)|
|1 June 2021||Form of Proxy||(442KB)|
|28 April 2021||Fact Sheet Q1 2021||(318KB)|
|22 January 2021||Fact Sheet Q4 2020||(446KB)|
|19 October 2020||Fact Sheet Q3 2020||(695KB)|
|21 July 2020||Fact Sheet Q2 2020||(589KB)|
|26 June 2020||AGM Shareholder Q&A||(102KB)|
|29 May 2020||Nomination Remuneration Committee Terms of Reference||(122KB)|
|29 May 2020||MEC Terms of Reference||(123KB)|
|16 April 2020||Fact Sheet Q1 2020||(538KB)|
|5 March 2020||Audit Committee Terms of Reference||(97.9KB)|
7 February 2020
|Investor Disclosure Document||(154KB)|
|14 October 2019||Launch Announcement||(465KB)|
|14 October 2019||Prospectus||(2.36MB)|
|14 October 2019||Prospectus Summary||(276KB)|
|14 October 2019||Articles of Incorporation||(470KB)|
The Board recognises the value of sound corporate governance and, in particular, has regard to the requirements of the UK Code (available from the FRC’s website).
The Company is a registered closed-ended investment scheme pursuant to the Protection of Investors (Bailiwick of Guernsey) Law, 1987, as amended, and the Registered Collective Investment Schemes Rules 2015 issued by the GFSC. The GFSC has issued a Finance Sector Code of Corporate Governance (“GFSC Code”) that applies to all companies that hold a licence from the GFSC under the regulatory laws or which are registered or authorised as Collective Investment Schemes, which includes the Company. The GFSC has stated in the GFSC Code that companies which report against the UK Code or the AIC Code are deemed to meet their code, and need take no further action.
The Company’s prospectus dated 14 October 2019 stated that the Company will be in compliance with the UK Code. The Company became a member of the AIC on listing and the Board of the Company has accordingly considered, and resolved to follow, the principles and recommendations of the AIC Code (available from the AIC’s website).
The AIC Code addresses all the principles set out in the UK Code, as well as setting out additional principles and recommendations on issues that are of specific relevance to investment companies such as the Company. The Board considers that reporting against the principles and recommendations of the AIC Code (which incorporates the UK Code) provides better information to shareholders whilst meeting the requirements of the GFSC Code.
In respect of the period from re-domiciliation until 30 October 2019, the date of admission to the SFS, the Company substantially complied in all material respects with the relevant provisions of the GFSC Code. As from the date of initial admission, the Company has voluntarily committed to comply with the 2019 AIC Code.
The Company currently complies with the principles and provisions of the AIC code.
For the reasons set out in the preamble to the UK Code, the Board considers certain of these provisions are not relevant to the position of the Company as an externally managed investment company. In particular all of the Company’s day-to-day management and administrative functions are outsourced to third parties. As a result, the Company has no chief executive or any executive directors, employees or internal operations and has therefore not reported further in respect of these provisions.
Provision 14 of the AIC Code states a Board should consider appointing one independent non-executive Director to be the Senior Independent Director. The Board, having taken into account its small size and that the Chairman and two of the other three Directors are each similarly independent and non-executive, considers it unnecessary to appoint such a Senior Independent Director. All members of the Board are available to shareholders if they have unresolved concerns.
The need for an internal audit function is discussed in the Report of the Audit Committee.