Friday 23rd November 2012

Frostrow: Specialist Group of the Year

At last night’s Investment Week, Investment Trust of the Year Awards, Frostrow Capital won the award for Specialist Group of the Year.

The annual black tie dinner, held at the Grand Connaught Rooms, is the premier event for the investment company sector and was very well attended by investment managers, advisers and directors.

Other firms shortlisted in the same category, included:

  • New City
  • Lindsell Train
  • Polar Capital
  • Standard Life Investments

The following joined Alastair Smith, Grant Challis and Eleanor Cranmer at the Frostrow table: James Moseley of Winterflood Securities; Jo Stonier and Emma Wallis of Quill Communications; Ronald Paterson of Evershed’s; journalist Cherry Reynard; Roddi Vaughan-Thomas of Broadgate Mainland and Keith Wilson of Lindsell Train.

Judges commended Frostrow on the quality of their submission, which can be found below:

Frostrow Capital for Group of the Year
Frostrow Capital is an investment company management group with a difference:

  • Portfolios are managed by separate investment management firms;
  • We can take responsibility for day-to-day operations and marketing.

Our model represents a new way of doing things and is an enabler of change:

  • Client boards value our unconflicted advice and the quality of our service;
  • Our fees are based on market capitalisation, so we strive to grow client companies and narrow discounts;
  • We are a catalyst for change for Boards looking to move mandates away from large integrated houses. Boards can select the best boutique investment manager to focus purely on the portfolio, while we take care of company operations and marketing. We therefore enable a wider pool of investment talent to be accessed.

Constant interaction with investors has helped us achieve the following:

  • We now have monthly contact with over 1,000 professionals in over 400 firms;
  • Finsbury Growth & Income:  traded at a premium for over two years and issued 15m new shares through tap issues;
  • Pacific Assets:  helped stabilise the shareholder base and facilitated the placing of +/-30m shares from F&C’s savings schemes, to prevent the company shrinking or the discount widening;
  • Biotech Growth: bought back 3.7m shares & issued 0.8m to protect 6% discount;
  • Worldwide Healthcare:  bought back 3.3m shares to actively protect 6% discount limit; sub-share scheme resulted in 3.5m new shares; consulted shareholders on changes to name, investment mandate and index.

 We care about the investment companies sector:

  • Posted a 20 page paper on the future of investment companies to 240 Chairmen;
  • We use our own resources to promote the sector in the press;
  • We are an active member of the AIC Manager Forum.