Fundraising Fox

Ptarmigan Capital

Family office

London · 13 people tracked

Also known as Hbs London Limited

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Investment thesis

Ptarmigan Capital is an employee-owned boutique investment manager focused on highly personalised wealth management for private clients rather than venture investing. Through its Private Investment Office it provides discretionary, bespoke portfolio management, limiting each portfolio manager to 20 clients to maintain close relationships, and offers ancillary family-office-style services. It also manages the Ptarmigan Global Equity Fund, a concentrated portfolio of 25 to 30 high-conviction global equities blending growth, value, cyclical, and defensive stocks to form an 'all weather' portfolio aimed at long-term capital growth. Its culture emphasises disciplined investment thinking, employee ownership, and a client profit share that aligns interests.

Invests inSector AgnosticLondonUnited Kingdom

Source: firm website, verified Aug 3, 2026.

HQ
London, GB
Instruments
Equity
Founded
2023

Team · 13 people

from the firm's website
Charles Jones· Founder & CIO

Co-founder responsible for the investment management process. He spent nine years at Waverton Investment Management co-managing global and strategic equity funds, and is a CFA charterholder.

Douglas Barnett· Founder & Head of Investment Management

Co-founder overseeing client portfolios and relationships. Previously a Director at Waverton Investment Management, he created the award-winning Why Invest? podcast and was named in the PAM Top 40 Under 40 in 2021.

William Davies· Founder & CEO

Co-founder of Ptarmigan Capital responsible for client relationships and growth. A former Army officer in the Light Dragoons, he began his finance career at JPMorgan and later worked at Credit Suisse and HBS London before co-founding the firm in 2023.

Andrew Case· Compliance Consultant & General Counsel

Compliance consultant who previously held head of compliance and head of anti-money laundering roles at the firm. He has over 30 years in law and compliance, including at Merrill Lynch and Morgan Stanley, and is admitted to the New York and Connecticut bars.

Ed Roe· Fund Manager

Joined in 2024 as a Senior Portfolio Manager, managing client portfolios and supporting the investment process. He previously spent seven years at Ruffer LLP and is a CFA charterholder.

George Palmer· Non-Executive Director

Group CFO of family-owned property company UK Land and a chartered accountant trained at Grant Thornton. He previously worked at Waverton alongside Charles Jones and Douglas Barnett, and joined the Ptarmigan board in November 2024.

Lord Charles Hemphill· Advisory Board

Advisory board member with over 40 years in institutional asset management and family office advisory, having held senior roles at Deutsche Asset Management, Spencer House Capital Management and Waverton.

Orlando Fraser CBE KC· Advisory Board

Advisory board member and commercial barrister at 4 Stone Buildings, appointed King's Counsel in 2014. He served as a board member and later Chairman of the Charity Commission.

Philippe Hancock· Non-Executive Director

Co-founder of Geneva-based multi-family office HBS SA and a former Senior Banker and executive at BNP Paribas (Suisse). He serves as a director and strategic advisor to several families.

Sir Laurie Magnus CBE· Advisory Board

Advisory board member with over 45 years across commercial, charity and public sectors, currently a senior adviser at Evercore and Chair of The City of London Investment Trust. He served as Chair of Historic England and as Independent Adviser to the Prime Minister on Ministerial Standards.

Tommy Faber· Fund Manager

Joined in 2025 to manage the Ptarmigan Global Equity Fund and support the investment process. He spent 10 years at Waverton Investment Management managing its Global Equity Fund and is a CFA charterholder.

Victoria Moffatt· Head of Compliance

Joined in 2025 to lead the firm's compliance function. She has 15 years' experience across front office, legal and compliance, including eight years at Ruffer LLP as a Compliance Analyst.

William Hanbury· Advisory Board

Advisory board member and consultant to hedge funds and asset managers. He was a fund manager at Waverton running its Asia-Pacific Fund and previously a director at Active Capital Management.

Principals & officers · per Companies House

what is this? ⓘ
Douglas Henry Andrew Barnett

Director · British · since 2024

William David Carlton Davies

Director · British · since 2022

Charles Dominic Anthony Jones

Director · English · since 2023

George Gordon Nottage Palmer

Director · British · since 2024

Ownership & control

Lagopus Holdings Ltd75–100% of shares, 75–100% of voting rights, right to appoint and remove directors

Frequently asked questions

What sectors does Ptarmigan Capital focus on?
Ptarmigan Capital focuses on Sector Agnostic.
Where is Ptarmigan Capital located?
Ptarmigan Capital is headquartered in London, GB.

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