This website provides information regarding Metage Capital and Metage Funds Limited.
Metage Capital Limited is incorporated in the United Kingdom (Registration Number 03525123) and is the Investment Manager to the multi-class investment company Metage Funds Limited (MFL).
MFL is incorporated in the Cayman Islands and all of its sub-funds are administered by Citco Fund Services (Ireland) Limited. MFL is an Unregulated Collective Investment Scheme, as defined in the Financial Services and Markets Act 2000 and the FCA Rules.
Please login to our Investors section above or read through our Disclaimer and public pages below.
Over the years we have released a number of letters on behalf of investments held by Metage Funds Limited via press releases or onto stock exchange regulatory news services. Please click on the links below to view.
Richard Webb is the Chief Executive Officer of Metage Capital, with overall responsibility for the firm's trading and investment management activities. He has over 30 years of experience in trading, investment management and research, covering equity and fixed income markets. At the time Metage was formed he was a Director in the Leveraged Funds Group at Credit Suisse First Boston (Europe) Limited, responsible for equity fund management.
Previous positions include seven years with Buchanan Partners, a London based proprietary trading and fund management organisation, where he was the Head of Trading and a member of the Board. Mr. Webb holds an M.A. in Mathematics from Oxford University and is a CFA charterholder.
Tom Sharp is the Chief Investment Officer of Metage Capital and has been with the company since 2002. He co-manages the Metage portfolios of discounted closed-end funds and alternative investments. Prior to joining Metage, Mr. Sharp worked as a management consultant within NatWest Bank and was involved in the development and selection of new business ventures for easyGroup. Mr. Sharp graduated with an MA in Natural Sciences from the University of Cambridge in 1998 and is a CFA charterholder.
Ted Childs is an Analyst at Metage Capital and joined the company in early 2018 having graduated with a First Class Honours degree in Mechanical Engineering from the University of Exeter. Ted is a CFA charterholder.
Ben Brierley is a Trading Analyst at Metage Capital and joined the company in 2023. Ben graduated with a First Class Honours degree in Economics and Mathematics from the University of Bath, where he also obtained a Distinction in his MSc in Economics and Finance. Ben has recently completed and passed his Level III CFA exams.
Tatum White is responsible for compliance monitoring at Metage Capital and has been with the company since 2019. Prior to joining Metage, she worked for Laxey Partners (UK) Limited for 15 years, latterly as their Company Secretary and then Compliance Officer. Tatum studied law at the University of Durham.
Maryam Valantin is responsible for Investor Relations and administration at Metage Capital and has been with the company since 2005. Prior to joining Metage, she worked as a Project Manager in the Legal Department at BNP Paribas in Paris and previous to that in the Marketing Department of Western Asset Global Management in London. Mrs. Valantin studied Mechanical Engineering at Manchester Metropolitan University.
Richard Webb is the Chief Executive Officer of Metage Capital, with overall responsibility for the firm's trading and investment management activities. He has over 30 years of experience in trading, investment management and research, covering equity and fixed income markets. At the time Metage was formed he was a Director in the Leveraged Funds Group at Credit Suisse First Boston (Europe) Limited, responsible for equity fund management.
Previous positions include seven years with Buchanan Partners, a London based proprietary trading and fund management organisation, where he was the Head of Trading and a member of the Board. Mr. Webb holds an M.A. in Mathematics from Oxford University and is a CFA charterholder.
Tom Sharp is the Chief Investment Officer of Metage Capital and has been with the company since 2002. He co-manages the Metage portfolios of discounted closed-end funds and alternative investments. Prior to joining Metage, Mr. Sharp worked as a management consultant within NatWest Bank and was involved in the development and selection of new business ventures for easyGroup. Mr. Sharp graduated with an MA in Natural Sciences from the University of Cambridge in 1998 and is a CFA charterholder.
Ted Childs is an Analyst at Metage Capital and joined the company in early 2018 having graduated with a First Class Honours degree in Mechanical Engineering from the University of Exeter. Ted is a CFA charterholder.
Ben Brierley is a Trading Analyst at Metage Capital and joined the company in 2023. Ben graduated with a First Class Honours degree in Economics and Mathematics from the University of Bath, where he also obtained a Distinction in his MSc in Economics and Finance. Ben has recently completed and passed his Level III CFA exams.
Tatum White is responsible for compliance monitoring at Metage Capital and has been with the company since 2019. Prior to joining Metage, she worked for Laxey Partners (UK) Limited for 15 years, latterly as their Company Secretary and then Compliance Officer. Tatum studied law at the University of Durham.
Maryam Valantin is responsible for Investor Relations and administration at Metage Capital and has been with the company since 2005. Prior to joining Metage, she worked as a Project Manager in the Legal Department at BNP Paribas in Paris and previous to that in the Marketing Department of Western Asset Global Management in London. Mrs. Valantin studied Mechanical Engineering at Manchester Metropolitan University.
Under COBS 2.2.3R of the FCA Handbook, Metage Capital Limited is required to make a public disclosure in relation to the nature of its commitment to the UK Stewardship Code, which was first published by the Financial Reporting Council (FRC) in July 2010 and revised in January 2020. The full text of the code can be found on the FRC website.
The Code aims to enhance the quality of engagement between institutional investors and the companies in which they invest so as to encourage the exercise of good governance with a view to promoting long-term shareholder value. It is, of course, legitimate for some asset managers to decide not to disclose how they choose to engage with companies, depending on their particular investment strategies. The UK Stewardship Code is applied on a "comply or explain" basis therefore Metage Capital Limited is required to explain why it does not consider it appropriate to comply.
Metage Capital Limited makes global investments in numerous different jurisdictions based on its fundamental analysis of opportunities and perceived pricing inefficiencies. Accordingly, its approach to stewardship is determined on a case by case basis, so as to maximise shareholder value in the best interest of its own investors but having regard, at all times, to local regulatory requirements and the high standards and ethics that are required of its investment activities.
Should any of the above factors change, Metage Capital Limited will review its commitment to the Code at that time and make appropriate disclosure.
The Shareholders Rights Directive II (SRD II) requires Metage Capital Limited to make a public disclosure in relation to the nature of its commitment to the directive. The SRD II aims to promote shareholder engagement and to improve stewardship practices across the European Union. This directive is applied on a "comply or explain" basis and so, Metage is required to explain why it does not consider it appropriate to comply.
Metage is a highly engaged investor, who always seeks to act in the interests of the funds it manages. Our approach to shareholder engagement is determined on a case by case basis and is integrated within each investment we make. On this basis, Metage believes it is inappropriate to specify how it will engage with investee companies within an overarching engagement policy.
Should this situation change, Metage Capital Limited will review its commitment to the SRD II and make appropriate disclosure.
Please carefully read the statement below
Metage Capital Limited (Metage) is authorised and regulated by the Financial Conduct Authority (the “FCA”) (FCA Firm Reference Number: 196835). Please note that authorisation by the FCA does not imply official approval or recommendation by the FCA.
This website is only directed at those who are Professional Clients or Eligible Counterparties (as defined by the FCA).
This website is intended solely as a general introduction to Metage and its investment funds. The services and investment funds referenced in this website should not be regarded as an offer or solicitation for such services or investment funds in any jurisdiction where such activity is unlawful. This website is not directed at you if we are prohibited by any law of any jurisdiction from making the information on this site available to you. It is not intended for any use which would be contrary to local law or regulation.
Information on the website is not intended to constitute, and should not be construed as, investment advice. Potential investors in any of the funds referred to, or described, herein that are open for investment should seek their own independent financial advice. This website and its contents are not intended to sell services or products over the internet, rather for internet viewer convenience and informational purposes. Every effort has been made to ensure the accuracy of the financial information herein but it is based on unaudited figures.
Past performance is not a guarantee of future performance. The value of investments may fall as well as rise, investors may not get back the amount of money invested, currency movements may have a negative as well as positive influence on returns. Any investment decision should be made solely on the basis of the information and risk warnings contained within the information memorandum and/or prospectus issued by or on behalf of the fund or company concerned.
Shares in the funds described on this website are not available for sale in any jurisdiction in which sale would be prohibited. Nothing in this website constitutes investment, legal, tax or other advice nor is it to be relied upon in making an investment decision.
Elective Professional Clients invested in the fund who are individuals may be eligible complainants. If you have a complaint, please write to IR@METAGE.COM. You can also request a copy of Metage Capital’s internal complaints procedures by writing to the above email address. If Metage Capital fails to resolve your complaint satisfactorily, you also have the right to complain to the UK Financial Ombudsman Service - www.financial-ombudsman.org.uk
The information contained in this website shall not be published, rewritten for broadcast or publication or redistributed in any medium without prior written permission from Metage Capital Limited.
By proceeding beyond the homepage you confirm comprehension of the above and that you are a Professional Client or Eligible Counterparty (as defined by the FCA). If you have any questions please contact Metage on: ir@metage.com.