Devon Funds Management Limited ("Devon") is an independent investment management business that specialises in building investment portfolios for our clients that are comprised of companies listed on the New Zealand and Australian stock exchanges. Our approach is an active one where our rigorous research and analytical skills are applied to maximum advantage.
We take pride in the fact that Devon is independent and wholly owned by its employees, who maintain personal holdings in the Devon Funds, ensuring our investment team's decisions and our clients' interests are aligned at all times. This is why we manage in excess of $1 billion on behalf of a diverse range of leading New Zealand clients, including the New Zealand Superannuation Fund, Community Trusts, charities, KiwiSaver schemes, corporates pension schemes and individual investors.
Why invest with us?
Devon's highly qualified and experienced investment team is committed to helping investors achieve their investment results. We believe our advantage lies in our people - a dedicated team of investment professionals with over 100 years combined experience in the investment industry both within Australasia and further afield. We've worked hard to assemble the right talent with the necessary skills and experience to manage our client's portfolios.
Devon takes its fiduciary duty to clients very seriously. We believe that, on your behalf, we have an obligation to ensure that the businesses we invest into for your portfolios conduct themselves in accordance with the highest governance standards. Where these standards are not being demonstrated Devon will actively engage with the company to seek improvement. In our view, it makes good business sense for the businesses we invest in to be good corporate citizens who look after the interests of all stake holders and operate in a sustainable manner.
Devon has been a long term signatory to the United Nations Principles for Responsible Investment (UNPRI). The UNPRI provides global principles and a framework to help integrate the consideration of environmental, social and governance (ESG) issues by institutional investors into investment decision-making and portfolio construction. As part of this process we report annually to UNPRI on our adherence to these policies.
Under Devon's corporate governance policy we actively vote on all company AGM motions on behalf of our clients. We will vote against proposals that do not meet our governance standards and do share this information with clients.
Secure handling of client funds is important to us. At Devon we don't handle any clients' funds directly. Client funds are all held securely by highly regarded external Trustee companies and custodians. In addition, our business, internal processes and controls and the Funds are audited annually by PricewaterhouseCoopers to ensure we maintain best practice.