Penrich's Philosophy

Our corporate philosophy is based upon three core principles:

  1. High performance is expected and clients should only pay fees when targets are achieved;
  2. Closely aligning the interests of our firm, our employees and our clients is the best way to ensure that we can all achieve our goals;
  3. Transparency and open communications are essential, both internally inside our firm and externally with our clients, regulators and other external parties.


High Performance

Our commitment to performance is highlighted by the fee structure of the Penrich Global Macro Fund. We have dispensed with the standard model of charging management fees that do not relate to performance. Instead, we favour performance-based fees with these fees only being payable if the investment returns surpass a compund annual return of 5% p.a. Our focus on investment returns is also reflected in the employee compensation scheme, which is dominated by the performance of the Fund’s investments over an extended period of time.


Alignment of Interests

The focus on performance-based fees ensures that the interests of our firm are aligned with the interests of our clients. Equally, the performance-based employee compensation assures that the interests of our individual team members are the same as those of our clients. The remuneration of employees is based upon the returns of the fund over a number of years and a portion of our employees' compensation comes in the form of an investment in the fund which vests over a period of years. Thus, we all have a personal interest in delivering long-term high returns.


Transparency

The Penrich Capital group is highly transparent with regards to its activities.  Penrich Capital UK is authorised and regulated by the UK Financial Services Authority and, as such, provides a wide range of financial and corporate information. The Penrich Global Macro Fund is registered as an Invesment Fund in the Cayman Islands and submits audited accounts to the government authorities.Open communication and transparency with our clients is important to our relationship so a very wide range of research made available on this website and by electronic mail if requested by clients. Written rational are provided for all investments made and a "model portfolio" showing investments and returns is updated on the website each week. Monthly reports are sent to investors providing updates on financial markets and the returns of investments.