Evelyn Partners Fund Solutions (EPFL), said today (11 June) that it is to act as authorised corporate director (ACD) and fund administrator for two funds managed by leading commodity equity specialist Baker Steel Capital Managers LLP (Baker Steel).
Following a comprehensive market review, the Baker Steel Gold and Precious Metals Fund and Baker Steel Electrum Fund will transfer to EPFL.
EPFL (formerly Smith & Williamson Fund Administration Limited), has a long-standing history of providing Fund Governance and Administration services and has grown to become one of the leading and most experienced ACD providers to UK domiciled funds. The business currently supports over 145 funds with funds under governance of c£10bn.
Baker Steel has extensive experience in managing equity funds focused on the metals and mining sector. With a value-driven investment philosophy and a focus on risk management, Baker Steel’s funds invest predominantly in the producers of materials needed for a sustainable future, such as copper and lithium uranium, silver and gold.
Headquartered in London (with a branch in Australia), Baker Steel’s investment team benefits from technical backgrounds in geosciences and engineering. This technical expertise, combined with multi-cycle investment experience and a rigorous approach to ESG has generated an impressive investment track record.
Mark Burridge, CEO and fund manager at Baker Steel said: “The appointment of Evelyn Partners as ACD to the Baker Steel Gold & Precious Metals Fund and the Baker Steel Electrum Fund underscores our commitment to delivering exceptional service to our UK-based investors.
"We are thrilled to be working with a leading ACD to enhance our product offerings at a time when the natural resources sector faces a highly positive outlook, driven by attractive valuation metrics and strong projected demand for a variety of critical materials ranging from precious metals to industrial metals and battery metals.”
Neil Coxhead, CEO of Evelyn Partners Fund Solutions said: “We are delighted to have been appointed as independent ACD to the two Baker Steel funds. The role of ACD is a key component within the UK funds ecosystem and we look forward to delivering our valued service provision to Baker Steel and their investors through our experienced ACD and Fund Administration teams.”
“Protecting investor interest is our key role as ACD and we look forward to working in partnership with Baker Steel to deliver compelling investor outcomes”.
