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Investment Services - Aligning the interest of Supplier and ...


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Investment Services - Aligning the interest of Supplier and ...

  1. 1. Scottish Local Authority Forum 16 June 2006
  2. 2. KING & SHAXSON <ul><li>A privately-owned financial services company </li></ul><ul><li>Range of capabilities in gilt and corporate bond broking, cash and asset management </li></ul><ul><li>Highly flexible and client orientated </li></ul><ul><li>Driven by the needs of the client </li></ul>
  3. 3. KING & SHAXSON <ul><li>Gilts and Bond Broking </li></ul><ul><li>Core team has been in place since the mid 1980s </li></ul><ul><li>Leading dealer in UK Gilts and other cash bonds both fixed and floating rate </li></ul><ul><li>Deals in related money market instruments such as Treasury Bills and Certificates of Deposit </li></ul><ul><li>Client base includes Local Authorities, pension funds, insurance companies, building societies and banks </li></ul>
  4. 4. KING & SHAXSON <ul><li>Bond Broking </li></ul><ul><li>Service tailored to the individual client – an extra pair of hands on your desk </li></ul><ul><li>Fast and efficient execution only service </li></ul><ul><li>Full advisory and discretionary service </li></ul><ul><li>KS does not take principal positions – no conflict of interest </li></ul><ul><li>Reliable and efficient settlements </li></ul>
  5. 5. KING & SHAXSON <ul><li>Cash Management </li></ul><ul><li>Specialises in the investment of cash assets – an often neglected asset class </li></ul><ul><li>Experienced 5 person team focusing only on cash management </li></ul><ul><li>Uses a disciplined investment process </li></ul><ul><li>Makes use of a variety of short term instruments such as Treasury Bills, certificates of deposit, floating rate notes and short gilts. </li></ul><ul><li>The objective is to optimise the return on the client’s portfolio while strictly controlling risk </li></ul>
  6. 6. KING & SHAXSON <ul><li>King & Shaxson Prudential Liquidity Fund </li></ul><ul><li>The Prudential Liquidity Fund (PLF) is designed specifically around the tight Prudential Liquidity framework that building societies work under, as set out by the FSA </li></ul><ul><li>The PLF allows investors to invest in a professionally managed fund, thereby adopting a single investment policy for those funds invested and streamlining the investment process for the fund manager </li></ul><ul><li>Originally designed for building society investment, therefore excludes building societies as an investment counterparty </li></ul><ul><li>The PLF has been rated AAf / S1 by Standard & Poor’s </li></ul><ul><li>The maximum average duration of the PLF is 365 days </li></ul><ul><li>The target return of the PLF is 3 months LIBID plus 25 basis points </li></ul>
  7. 7. KING & SHAXSON <ul><li>Asset Management </li></ul><ul><li>An active specialist investment manager </li></ul><ul><li>Strengths in bonds, cash, UK and Global equities </li></ul><ul><li>Ethical investing a core area for future development </li></ul><ul><li>Stable 9-person team with an average of 18 years experience </li></ul>
  8. 8. KING & SHAXSON <ul><li>Summary </li></ul><ul><li>Capabilities in bond broking, cash management and asset management </li></ul><ul><li>Excellent long term track record </li></ul><ul><li>The flexibility to respond to individual client needs </li></ul><ul><li>Compact teams, capable of responding quickly </li></ul><ul><li>A high level of customer service with strong individual contact </li></ul>
  9. 9. Contacts King & Shaxson Asset Management Limited 6 th Floor, Candlewick House 120 Cannon Street LONDON, EC4N 6AS   Telephone: 020 7426 5950 Fax: 020 7626 1757   Tom McIntosh Chief Investment Officer Email: [email_address]    Denzil Morgan Director of Marketing Email: [email_address] King & Shaxson Capital Limited Reg. No. 2863591 a member of the London Stock Exchange and OFEX, King & Shaxson Limited Reg. No. 869780 a member of the London Stock Exchange and King & Shaxson Asset Management Limited Reg. No. 3870667 are authorised and regulated by the Financial Services Authority. Registered Office: 6th Floor, Candlewick House, 120 Cannon Street, London, EC4N 6AS. All companies are registered in England and are part of the PhillipCapital Group.