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Veritas Asset Management LLP

PRI reporting framework 2019

You are in Organisational Overview » Basic information


OO 01. Signatory category and services

01.1. Select the services and funds you offer



01.2. 追加情報 [任意]

The Real Return Group Limited was set up in 2003 as a boutique focused on real return investing. Veritas Asset Management (UK) Limited and The Real Return Group Limited merged in 2004.

In 2014 Veritas Asset Management LLP (VAM LLP) entered into partnership with Affiliated Managers Group, Inc. (AMG), a global asset management company with equity investments in leading boutique investment management firms. VAM LLP continues to have the same Managing Partners and Board; full investment autonomy; day-to-day operational independence and receive the majority of the revenue and economics of the firm. The Managing Partners of VAM LLP also continue to hold a substantial portion of the equity of the business.

VAM LLP is led by six Managing Partners: Charles Richardson (Fund Manager and Chairman), Ian Barnes (Chief Executive Officer, CEO), Antony Burgess (Investment Specialist), Richard Grant (Chief Operating Officer, COO), Andy Headley (Fund Manager and Head of Global), and Ezra Sun (Fund Manager and Head of Asia).

We offer both Global and Asian equity strategies which have distinct investment teams dedicated to the products offered within those strategies. The commercial team supports the investment teams and enables them to focus on investment.

Our Philosophy

Since our foundation in 2003 the VAM LLP philosophy has been built upon two founding principles of Real Returns and Partnership.

Real Returns

We manage money on behalf of clients following our Veritas Real Return Approach, implemented by an investment team with substantial experience and a proven long-term track record. The approach demands that all potential investments are analysed from an absolute basis rather than relative to any equity index. The focus is on protecting and growing our clients’ capital in real terms with exceeding an equity benchmark a fall-out of that process.


Our business is run with a partnership structure and culture. We align our interests as owners in partnership with our clients. Our partners and employees are invested alongside our clients on the same terms. We are an investment-led organisation that controls the growth of our business. It’s important to us that clients fully understand our approach and share a similar objective or mind-set.


OO 02. Headquarters and operational countries

02.1. 組織の拠点がある場所を選択してください。

United Kingdom

02.2. オフィスが所在している国数を記載してください(本部を含む)。

02.3. 組織が正規雇用しているスタッフのおおよその人数を記載してください。

38 正規職員

02.4. 補足情報 [任意]

Our London office is the base for majority of staff including; all fund managers and the commercial team. All of our global analysts are located in the London office and the Asian analysts are based in the Hong Kong office.

OO 03. Subsidiaries that are separate PRI signatories

03.1. 組織内に単独でPRI署名機関となっている子会社があるかどうかを記載してください。

03.3. 補足情報 [任意]

OO 04. Reporting year and AUM

04.1. 報告年度の最終日を記載してください。


04.2. 報告年度末のAUM合計を記載してください。

子会社のAUM(顧問業務/執行のみの資産を除きます)を含みますが、(OO 03.2で「いいえ」と回答した)報告しないことを選択したPRIの署名機関である子会社のAUMを除きます。
Total AUM
10億 100万
Assets in USD
10億 100万

04.4. 執行および顧問業務サービスを利用して運用する資産の報告年度末時点のAUM合計を記載してください。

04.5. 補足情報 [任意]

OO 06. How would you like to disclose your asset class mix

06.1. どのように資産クラス構成を開示したいかについて記載してください。



上場株式 >50% 91.2 0 0
債券 0 0 0 0
プライベートエクイティ 0 0 0 0
不動産 0 0 0 0
インフラ 0 0 0 0
コモディティ 0 0 0 0
ヘッジファンド 0 0 0 0
ファンドオブヘッジファンズ 0 0 0 0
森林 0 0 0 0
農地 0 0 0 0
包括的な金融 0 0 0 0
現金 <10% 6.3 0 0
短期金融市場商品 <10% 2.5 0 0
その他(1)(以下に具体的に記入してください) 0 0 0 0
その他(2)(以下に具体的に記入してください) 0 0 0 0

06.2. 添付の画像に従って組織の資産クラス構成を公表する

06.3. 組織にオフバランスシート資産はありますか?

06.5. 組織がフィデューシャリー・マネージャーを使うかどうかを記載してください。

06.6. AUM資産クラス分割について説明する情報を記載してください。 [任意]

The firm solely invests in the asset class of equities.

OO 07. Fixed income AUM breakdown (Not Applicable)

OO 08. Segregated mandates or pooled funds (Not Applicable)

OO 09. Breakdown of AUM by market

09.1. 組織のAUMの内訳を市場別に示してください。

96.69 先進国市場
3.30 新興国市場
0 フロンティア
0 その他の市場
合計100% 99.99%

09.2. 補足情報 [任意]

The AUM breakdown includes cash held and money market instruments.