PHILOSOPHY AND PROCESS

OUR PHILOSOPHY 

We fervently believe that investment research should emanate from one’s own in-house capability. A problem, we believe, is that most investment firms acquire their third-party research from the same source often resulting in a “sameness” approach across managers. Whilst we do not strive to be different, we have found that we often hold a different view to many fund managers because we conduct our own independent research.

We believe that to conduct a robust in-depth analysis of investment markets, one should include both fundamental and technical analysis and incorporate a core quantitative component which will help minimise subjective, emotional decisions that can often damage returns.

We believe that investment markets are in constant flux and there is constant rotation in and out of favour between the various market regions and sectors. Our proprietary system is always tracking relative strength between assets and will alert us to potential risk and opportunities.

We believe that market timing should be utilised as part of risk management. Rather than adopting a hold and hope approach, we believe that long-term returns can be improved by actively managing systemic risk, i.e. lowering risk when the market is displaying signs of ongoing weakness. To this end we have developed our own range of proprietary investment analysis tools. These include for example our Market Timing Charts, Risk Barometers, and Market Sentiment Indicators.

It follows that portfolios should be constantly monitored to make sure that they reflect our current assessment of appropriate risk and opportunity.

In recent years, particularly following the Brexit vote, we have found it important that currency risk should be considered and we actively seek to hedge our currency exposure when we deem it necessary to do so.

OUR PROCESS

Our process ensures that we adhere to the investment objectives for each portfolio and, where we deem it necessary to do so, make changes to an investment portfolio so that we might improve the investment outcome.

REPORTING

We will send you client valuation reports every three months. The valuation will report on the performance of each portfolio over the last three months and over the last twelve months so that you can determine whether your portfolios have met your investment objectives.

ALERTS

In addition, if the overall value of any client portfolio, measured from the beginning of each reporting period, depreciates by 10%, and thereafter by multiples of 10%, we will notify both you and if you require us to do so, your client by the end of the following business day.

INVESTMENT PLATFORM

Given our structure and pricing it follows that we will not hold client money or assets. We use a third-party custodian and investment platform provider(s) to handle your client investment accounts and assist in the generation of reports.

OUR MONITORING PROCESS

Our process, shaped over many years, is centred on the belief that the single most important thing one can do as an investment manager is to monitor one’s positions very closely. We constantly update our research, and review our positions every week, measuring both the risk and performance of all our portfolios to their respective benchmarks.

FIND OUT MORE ABOUT OUR PERFORMANCE