Horizon Asset LLP – Disclosure of Commitment to the Financial Reporting Council  Stewardship code  ( The “Code”)

Horizon Asset LLP  (“Horizon”) is an investment manager based in the United Kingdom and authorised and regulated by the Financial Conduct Authority.  We have reviewed the key requirements of the Code in the light of our investment strategy and trading patterns (collectively referred to here as our “ investment approach”) .

Investment Approach
As described in more detail elsewhere Horizon employs an active trading style focussed on building a highly diversified, broadly market neutral portfolio of liquid instruments. Our internal trading guidelines are such that we would not expect to acquire even 5% of the capital of any UK listed investee company, nor do we seek to acquire holdings at any level that might be regarded as giving us significant influence over that investee company’s strategic direction or operating practices.

Stewardship code
Horizon  monitors all investee companies as part of its investment approach and will take action in line with its investment objectives where warranted.

However, given the nature of our chosen investment strategy described above, this approach does not include active engagement with UK listed investee companies, nor do we consider that our clients would expect such engagement. Consistent with that approach, we generally abstain on investee company voting matters unless we believe our investment objectives require otherwise.
If our investment strategy changes in such a manner that the provisions of the Code become relevant, the Firm will amend this disclosure accordingly.