It is a mutual fund, based in the Bahamas, advised by Phoenix Asset Management Partners. Our staff are significant investors in the Fund.
For institutional investors, separate managed accounts are offered based on the strategy of the Phoenix UK Fund.
The Fund holds a concentrated portfolio of 12 to 20 stocks. The holdings have always been UK-listed companies although the prospectus does allow the Fund to hold non-UK companies.
The Fund is independently administered by State Street (Cayman) Trust Limited.
The Fund has monthly dealing and quarterly redemption dates. The minimum initial subscription is £100,000 and investors are institutional and high net worth individuals.
The Phoenix UK is only available to institutional investors and high net worth individuals who can be classified as professional investors.
The Offering Memorandum is the only authorised document for the offering of shares in the Phoenix UK Fund. Its distribution is subject to the particular laws and regulations of the jurisdictions in which a potential investor resides as well as the categorisation of the potential investor as a professional client in accordance with FCA rules.
Please contact us for further details.