In accordance with the Financial Conduct Authority’s Conduct of Business Sourcebook Rule 2.2.3R, MVN Asset Management Limited (“MVN”) is required to include on its website a disclosure about the nature of its commitment to the UK Financial Reporting Council's Stewardship Code (the "Code"). 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. MVN has detailed below the reasons why it has chosen not to commit to the Code.
MVN pursues different event driven strategies covering various jurisdictions. UK equities represent only part of the overall portfolio. While MVN supports the objectives that underlie the Code, the provisions are not deemed to be relevant to the type of investment strategies currently undertaken by the firm.