Skip to main content

In order to access the website of Winterflood Securities Limited you must first read and accept the following terms:

This website is not directed at, or intended for distribution to or use by, any U.S. citizen, person, or entity that resides in or is located in the United States of America or any other jurisdiction where such distribution, publication, availability or use would be contrary to applicable law or regulation which would subject Winterflood to any registration or licensing requirements with such jurisdiction. Services are not available to U.S. persons except where such services are permitted under SEC rule 15a6 or other relevant exemptions from SEC Broker/Dealer registration requirements.

Please note that Winterflood Securities Limited is not registered as a broker-dealer with the Securities and Exchange Commission and is not a member of Financial Industry Regulatory Authority Inc. (“FINRA”). All research reports provided on this website are being distributed directly by Winterflood Securities Limited to persons in the U.S. that qualify as “major U.S. institutional investors” in compliance with Rule 15a-6(a)(2) of the Securities Exchange Act of 1934. Accordingly, these research reports have not been prepared in compliance with FINRA requirements. Please refer to our Full Disclaimer here.

Research on this Website

Research on this website has been issued for the information of Professional Clients and Eligible Counterparties (as defined in the FCA handbook) of Winterflood Securities Ltd (“Winterflood”). The terminology used within the research reports is intended for professional investors. Research reports are not intended to provide the sole basis for any evaluation of an investment decision.

Each research report on this website must be read in conjunction with any disclaimer which forms part of it. Your attention is drawn to the date of issue of the information provided and of the opinions expressed therein. Any opinions are those of the Winterflood Investment Trust research team and are subject to change without notice and Winterflood is not under any obligation to update or keep current the information contained herein. The material on this website is based on information obtained from sources believed to be reliable but which have not been independently verified and are not guaranteed as being accurate.

Use of Cookies

For information on the cookies used on our websites, please refer to our Cookies Policy which can be accessed here.

Privacy

For information on how we treat your personal data, please refer to our Privacy Notice which can be accessed here.

More information can be found in our Legal Disclaimer

If you have read and accepted the terms and conditions for use of this website please click continue
15 Jul 2021

Hansa Investment Company

Company Notes

31% discount offers considerable value

Hansa Investment Company was launched in 1912 and in 2019 it re-domiciled from the UK to Bermuda. The portfolio manager is Hansa Capital Partners LLP and the investment team is headed by Alec Letchfield, who is the named manager of the fund. Alec Letchfield is a partner of Hansa Capital Partners, having joined as Chief Investment Officer in September 2013. The fund has 40m ordinary shares and 80m non-voting ‘A’ shares; Directors of Hansa Investment Company currently own 28.1% of the ordinary share capital and 4.6% of the ‘A’ share capital.



The objective of Hansa Investment Company is to achieve NAV growth over the medium to long-term by investing in a diversified and multi-strategy portfolio. The aim is to create a long-term, non-index correlated portfolio of investments, which often would not normally be available for investment to individual investors. The portfolio comprises holdings in funds and listed equities, while it also owns 26.5% of Ocean Wilsons Holdings, an investment holding company comprising Wilson Sons, a Brazilian port, maritime and logistics services company, and Ocean Wilsons Investments, a portfolio of funds.