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Investment Process

Our investment process is designed to identify the optimal asset allocation to meet our clients’ investment objectives. This means the appropriate combination of asset types and investment approaches to generate the required investment return within the agreed risk parameters. We use both in-house and Third Party Managers (TPMs) when selecting investments to include in multi-asset portfolios.

We look for relative value and both non-correlated assets and non-correlated investment approaches when selecting investments for multi-asset portfolios. Where possible we will draw on in-house capabilities. These include but are not limited to:

  • Fixed income (including credit)
  • Interest rates
  • Currency
  • Equities (global/regional)
  • Emerging markets
  • Property
  • Private equity

We also look to combine different investment approaches including:

  • Active/passive
  • Liability matching
  • Absolute return strategies
  • Tactical asset allocation products
  • Use of derivatives

Third Party Managers (TPMs) are used where appropriate in-house investments are not available and include hedge funds, private equity and property. In assessing such investments we carry out a comprehensive due diligence process and look for the following key features before inclusion within multi-asset portfolios;

  • It must be a core offering
  • Quality and stability of the investment team
  • Clear, transparent and repeatable investment process
  • Solid performance track record

The purpose of the above is to ensure that the investment teams/approaches selected will deliver the expected beta and/or alpha consistent with the broader investment strategy for each client portfolio.