Frostrow Capital is an award-winning independent investment companies group and AIFM. We specialise in providing services to a growing number of leading London Stock Exchange-listed investment companies, with combined assets under management of £4.5bn.
Founded in 2007, we are majority owned by the executive team, have over 110 years of specialist experience and operate independently of any financial institution or investment management group.
We believe our innovative management model enables investment companies to operate more effectively. Furthermore, with portfolio management kept separate from the other operational functions, Board independence is assured and potential conflicts are avoided.
Frostrow’s highly experienced team performs the full range of company secretarial services required by stock exchange-listed investment companies. We also provide general advice on the conduct of the company and continuously ensure that the highest standards of corporate governance, operations and compliance are upheld.
Frostrow manages the day-to-day operations of each client company. We ensure the accounts are consistent with the requirements of the relevant accounting standards and comply with the AIC's Statement of Recommended Practice. We produce the interim and full year accounts and ensure the annual audit is conducted effectively.
We are responsible for the day–to-day investment fund administration and ensure the investment manager complies with the investment guidelines. The administration function includes trade capture, trade processing, pricing and valuation of the portfolio. The Net Asset Value per share of each investment company is published on a daily basis.
Frostrow promotes its client companies to the wider investment community, including institutions, pension funds, discretionary asset managers, private client stock brokers and execution-only retail platforms. We actively engage with shareholders and potential investors, to grow our client companies, broaden their share registers and keep discounts narrow.
We are specialists in the investment company sector, with unrivalled experience in dealing with the many regulatory and compliance issues involved in the successful running of an investment company. We are fully equipped to offer strategic advice to help our clients navigate a broad range of situations or crises.
We are authorised by the FCA to act as AIFM to several of our investment company clients. Frostrow is responsible for risk management whilst the portfolio management is delegated to the investment manager. By having the two roles performed by separate organisations, any potential corporate governance conflicts are avoided.
Alastair has been involved in the investment company sector since 1995, and has been the Managing Partner of Frostrow Capital LLP since launch in 2007. Prior to this he was Managing Director of Close Finsbury Asset Management Ltd., part of the Close Brothers Group plc, with responsibility for a range of investment trusts and a range of Dublin-domiciled open-ended funds. From 1997 to 2000 he was with Schroder Investment Management Ltd. as Head of Investment Trust Operations. Alastair qualified as a chartered accountant with KPMG in 1989 and worked in the London and Hong Kong offices between 1990 and 1997.
Grant joined the Investment Trust team at Close Finsbury Asset Management Ltd. in 2006 as the Director of Business Development, having been a consultant to the team since 2004. Prior to founding a specialist financial services consultancy in 2001, Grant spent three years as a management consultant at KPMG Consulting. Before that, he was a corporate financier at Guinness Mahon & Co. Ltd. (now part of Investec Plc) and subsequently at Charterhouse Tilney (acquired by ING Baring in 2000). Grant was educated at Stellenbosch and Oxford Universities.
Tracy joined the Investment Management division of Rea Brothers Group Plc in 1998, just prior to the acquisition by Close Brothers Group Plc in 1999. She has held various roles including Senior Investment Fund Accountant and Senior Manager, Operations. Prior to that, Tracy spent two years as Assistant Financial Controller at Tertio Ltd., an information technology consultancy. A qualified accountant (FCCA), Tracy also holds the IMC (Investment Management Certificate) and IAQ (Investment Administration Qualification) and has an MBA.
Mark joined Close Finsbury Asset Management Ltd. in 2006 and was part of the Company Secretarial team responsible for five investment trusts. Mark spent over 20 years at Morgan Grenfell (acquired by Deutsche Bank in 1989) and, from 1994, he acted as Company Secretary for three investment trusts. Prior to that, his roles included foreign exchange dealing for asset management clients and portfolio administration. Mark commenced his career spending five years at Lloyds TSB. Mark is a chartered company secretary and holds the ACIS qualification.
Eleanor joined Frostrow in January 2011 and has been involved with investment companies since 1989. From 2003 she worked for AXA Investment Managers, with responsibility for the company secretarial functions for AXA Framlington’s investment trusts as well as all the UK companies in the AXA Investment Managers group. Prior to that, she was head of the company secretarial department at Govett Investment Management. Eleanor qualified as a chartered accountant with Ernst & Young, where she managed the audits for a range of clients, including a number of investment trusts. Eleanor read Classics at Cambridge.
Juber joined Frostrow in June 2010 as an Investment Fund Accountant in a middle office role, primarily to oversee the operations of third party administrators. Juber has over 20 years of experience in similar middle office and accounting roles and first encountered investment companies in 2002. Prior to Frostrow, Juber worked at State Street Trust Bank, Close Brothers Group Plc, SocGen Asset Management and Schroders. Juber holds the Investment Administration Qualification.
Victoria joined Frostrow in January 2012 from Hermes Fund Managers, where she spent three years as one of three company secretaries responsible for over 150 trading entities. Prior to that, Victoria spent three years with JP Morgan Asset Management and, from 2006, acted as assistant company secretary to six investment trusts. Victoria commenced her career spending three years at WS Atkins plc and a further year at Mouchel Parkman plc. Victoria is a chartered secretary, has Master's in Corporate Governance and holds the ACIS qualification.
David joined Frostrow in September 2013 as Marketing Manager, moving from Morgan Stanley where he held roles in the Institutional Sales & Trading Senior Relationship Management (SRM) team and, more recently, in the UK & European Corporate Foreign Exchange Sales team. Prior to Morgan Stanley, David was a British Army Infantry Officer with active service in Afghanistan. David was educated to post-graduate level at King’s College London and holds the CFA Society's Investment Management Certificate (IMC) and Certificate in Investor Relations (CIR).
Sarah joined Frostrow in August 2013 as a Company Secretarial Assistant, providing further support to the team. Sarah has a wide range of skills and knowledge acquired after having worked for over 20 years in the company secretarial departments of FTSE 100 and FTSE250 companies, including RAC plc which was taken over by Aviva plc in 2005 and Centrica plc.