Ravenscroft

Ravenscroft

Ravenscroft Cash Management Limited (part of the Ravenscroft group of investment companies) specialises in ‘Cash Plus’ discretionary segregated mandates for many well-known Captive Insurance companies and a range of other clients. We offer a bespoke investment management service and use a unique client reporting system. We currently manage over £2bn in client assets from our offices in Guernsey, whilst the group as a whole has nearly £7.5bn of assets under administration. We act as an agent only; all client assets are held by the appointed custodian, HSBC London, in individual safe custody accounts.

Ravenscroft
PO Box 222
20 New Street
St Peter Port
Guernsey
GY1 4JG
+44(0)1481 729100


Profile

Our cash management team has been together over 25 years running client funds through all aspects of the economic cycle. We manage cash for a range of clients including funds, captive insurance companies, local authorities, trusts and individuals and we have twice won an institutional award for Customer Care in Investment Management.

We believe our reporting to be reliable and user friendly. Our portfolio sizes vary from under £5m to over £100m and we manage client money denominated in Sterling and US Dollars for clients based in Guernsey, Jersey, the United Kingdom and Malta.

A client of Ravenscroft Cash Management can expect to own a portfolio of money market investments which are actively managed to generate a market rate of return, are segregated; are diversified and are liquid. Our service is entirely flexible and can be structured to suit a client’s specific cash liquidity and maturity profile. We aim to place investment client funds for the best period depending on the interest rates available and our view on the direction of interest rates. If we expect interest rates to rise we will pick short term investments, if we expect interest rates to fall then we will use longer dated investments. However all investments remain liquid and so can be sold if required.

Our objective is to maximise the return on the money committed to our care. Acting purely as an agent we invest our clients’ cash with well rated counterparties to ensure security and liquidity.

The main investment we use to do this is the Certificate of Deposit (“CD”). A CD has all the attributes of a bank deposit – amount, interest rate and maturity date – but a CD can be sold before maturity. This feature of a CD means our service gives our clients:-

  • Liquidity
  • Duration (Prior to using our service clients may have been hesitant about placing longer term fixed deposits to achieve a higher rate of return. These days fixed deposits are unbreakable which is unhelpful if there is the possibility of a cash requirement. Because CDs can be sold RCM is able to make longer dated investments to maximise returns without unduly compromising liquidity.)
  • Flexibility
  • Diversification

In effect a CD is a short-term bond where the counterparty risk is the issuing bank.

In addition to investing in CDs for our typical clients we also invest their cash in: -

  • Call and Fixed Deposits
  • Treasury Bills

The Ravenscroft group of companies also offers Execution Only Trading, Advisory Investment Services, Discretionary Investment Management, Corporate Finance and the opportunity to purchase a range of precious metals; there really is something for everyone.
Ravenscroft is a trading name of Ravenscroft Limited (“RL”), Ravenscroft Cash Management Limited (“RCML”) and Ravenscroft Custody Services Limited,all of which are licensed and regulated by the Guernsey Financial Services Commission to conduct investment business. RL is also regulated by the Jersey Financial Services Commission to conduct investment and funds services business. For all Ravenscroft connected entities, please refer to www.ravenscroftgroup.com/disclaimer
All calls will be recorded and monitored for training and security purposes.


Key service areas:

  • Execution Only Trading
  • Advisory Investment Service
  • Discretionary Investment Management
  • Cash Management
  • Precious Metals
  • Corporate Finance
  • Investment Funds

Regions of operation:

We have offices in:-

  • Guernsey
  • Jersey
  • UK

We look after clients from a range of other jurisdictions such as Malta and Gibraltar


kevin-boscher-sitting-october-2019-resized-1-.jpgKevin Boscher
Chief Investment Officer

Kevin is Ravenscroft’s Chief Investment Officer. He has over 35 years’ experience in financial services and investments, in particular, having spent most of his career in the areas of portfolio management, fund management, asset allocation, investment strategy, fixed income, hedge funds, multi-manager investing and absolute return investing.

Prior to joining Ravenscroft, Kevin was Chief Investment Officer for Brooks Macdonald Asset Management (International) Limited.

He holds the Chartered Institute for Securities & Investment (CISI) Chartered Wealth Manager Qualification and is a Chartered Fellow of the CISI. Kevin is a regular speaker at investment conferences and seminars and is also a frequent commentator for CNBC and Bloomberg TV.

pierre-paul.jpgPierre Paul
Head of Cash Management

Pierre who is Head of Cash Management at Ravenscroft began his offshore finance sector career with NM Rothschild & Sons C.I. Ltd in 1980 working in the trust, securities and banking areas. In 1982, he joined Guinness Mahon Guernsey Limited working in the bank’s treasury department until 1988 when he joined Union Discount Company C.I. Limited. This wholesale bank transformed itself into a specialist cash management business which was acquired by Royal London in May 2001.

In September 2018, Royal London, which manages £2bn in cash and has over 40 captive insurance company investment mandates, was acquired by Ravenscroft and the whole team moved across.

jon-pope.jpgJon Pope
Director of Cash Management

Jon is a Director of Ravenscroft Cash Management Limited with THE primary responsibility for the investment management requirements of segregated cash management clients

Jon has over 25 years’ experience in financial markets and is a Chartered Fellow of the Chartered Institute of Securities and Investments. He joined Credit Suisse Asset Management in Guernsey after graduating from Swansea University and worked in their fund administration department and on the dealing desk.

In 1995, he joined Union Fund Management which was the cash management arm of Union Discount Company CI Ltd. This company was acquired by the Royal London Mutual Insurance Society in 2001 and then in turn by Ravenscroft in November 2018.

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