Under Rule 2.2.3R of the FCA’s Conduct of Business Sourcebook, Grove Performance Management Limited (“The Firm”), a group company of Grove Capital Management Limited, is required to include on this website a disclosure about the nature of its commitment to the UK Financial Reporting Council’s Stewardship Code (“the Code”) or, where it does not commit to the Code, its alternative investment strategy.
The Firm is part of a group that is focused on investing in and servicing of consumer receivables in the UK and Europe. It does not invest in individual equities, neither does it have representation on the companies with whom we partner.
Consequently, The Firm fully supports the objectives that underlie the Code, although believes the provisions of the Code are not relevant to the type of business or investment strategy currently undertaken by The Firm.
If The Firm’s investment strategy or business model changes in such a manner that the provisions of the Code become relevant, The Firm will amend this disclosure accordingly.