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Adviser Profile

As of Date 06/17/2024
Adviser Type - Large advisory firm
- Outside the United States
Number of Employees 30 20.00%
of those in investment advisory functions 12 20.00%
Registration SEC, Approved, 04/28/1995
AUM* 43,282,195,518 2.90%
of that, discretionary 43,282,195,518 2.90%
Private Fund GAV* 37,856,973,575 6.08%
Avg Account Size 6,183,170,788 -11.80%
SMA’s No
Private Funds 4 1
Contact Info 011 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

- A percentage of assets under your management

Recent News

Reported AUM

Discretionary
Non-discretionary
43B 37B 31B 25B 19B 12B 6B
2015 2016 2017 2018 2019 2020 2021 2022

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeOther Private Fund Count4 GAV$37,856,973,575

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Brochure Summary

Overview

History and Firm Structure Silchester International Investors Limited (“SII Ltd”) was founded in 1994. SII Ltd’s business objective was to offer discretionary investment management services, principally to U.S. institutional investors through a few privately offered, unregulated collective investment schemes. Although SII Ltd was incorporated as a corporation, it had operated internally as a partnership. In November 2010, SII Ltd contributed its international equity investment management business to Silchester International Investors LLP (“Silchester”) in exchange for a partnership interest in Silchester. Following the contribution, Silchester International Investors Limited changed its name to Silchester Partners Limited (“SP Ltd”). All of SII Ltd’s employees, including all portfolio managers, research analysts and members of its operations and administration groups, became employees or members of Silchester. Silchester then succeeded to SII Ltd’s SEC registration. In July 2016, SP Ltd contributed its partnership interest in Silchester to Silchester Capital Limited (“SCL”) in exchange for shares in SCL. In April 2019, SCL changed its name to Silchester Continuation Limited. SP Ltd is a significant shareholder in SCL and the working partners of Silchester are minority shareholders. SCL is Silchester’s regulatory capital provider. Silchester is a registered investment advisor in the USA. Silchester is also authorised and regulated by the UK Financial Conduct Authority (the “FCA”) and registered with the Central Bank of Ireland (the “CBI”). This registration is required for Silchester to be appointed as a sub-advisor to Irish funds which are, or will be, subject to regulation under the rules of the European Union for Undertakings for Collective Investment in Transferable Securities (“UCITS”). Additional registrations may be required from time to time depending on the securities that form part of Silchester’s investment programme. Silchester is a UK limited liability partnership. SCL owns a substantial majority (>75%) of Silchester’s capital. The remaining capital has been contributed by the working members. Under the terms of the limited liability partnership agreement (the “LLP Agreement”), legal members of the partnership may nominate individuals who will form part of Silchester’s Business Supervisory Group. The actual appointment or removal of these individuals is determined by vote. Voting rights are determined by capital ownership. SCL holds a majority of Silchester’s capital and therefore has veto authority
over the specific individuals forming part of the Business Supervisory Group. Under the terms of the LLP Agreement, the Chairman of the Business Supervisory Group and a majority of the members of the Business Supervisory Group must be legal members or employees of Silchester and/or its wholly owned subsidiary, Silchester International Investors, Inc. (“SII Inc.”). The Business Supervisory Group is entitled to appoint a majority of the members of any underlying business group operated by the firm. SCL is able to appoint one representative to attend and speak at each meeting of the Business Supervisory Group. SCL may also appoint one representative to Silchester’s Investment Supervisory Group and Partnership Promotion / Remuneration Group. The SCL representative may only vote at the Partnership Promotion / Remuneration Group meetings. The SCL representative is prohibited from attending, speaking or voting at any operation group, subgroups, committees, groups or similar that support Silchester’s day to day business and operations (e.g., portfolio implementation, dealing, compliance and operational risk, marketing and client services). Silchester’s income profits are allocated between SCL and the employees and working members of Silchester and SII Inc. Under normal circumstances, a majority of income profits are expected to be paid to the employees and working members. The ratio of income profits allocated to each party are subject to various adjustments if a working partner or senior employee retires or adjusts their contribution to the business in any material way. 100% of Silchester’s capital profits accrue to SCL. Types of Services that Silchester Provides to Clients As of 30th September 2023, Silchester had approximately US$40.7 billion of discretionary assets under management. Silchester provides discretionary investment management services to its Clients. Silchester possesses a wide range of analytical, research, portfolio implementation and administrative skills. Silchester specialises in investing in publicly traded non-U.S. equity securities using a bottom up intrinsic value based investment approach. Silchester does not manage assets on a non-discretionary basis, participate in wrap fee programmes or provide financial planning, quantitative planning or market timing services. Silchester does not customise or modify its investment programme or agree to restrictions on investments in certain securities or types of securities. Unitholders may not impose such restrictions.