Investment Philosophy

Our philosophy aims to produce positive returns regardless of market conditions by picking the most highly skilled stock-pickers coupled with disciplined risk management and robust operational infrastructure.

The returns of our funds are driven more by the strength of our manager selection process rather than asset allocation, although we do undertake a strategy selection overlay. We aim to select the very best fund managers using equity strategies as their means of generating an absolute return. The main focus of our process is on ensuring we have the very best managers within our portfolios who have a high persistency of returns through all periods of the economic cycle.

However our strategy selection overlay will favour more non-directional equity hedge fund managers, who have low net absolute or beta-adjusted exposures, during periods of flat or falling equity markets. During periods of rising stock markets we will favour more directional managers with higher net exposures, who actively manage their beta exposure.

Many of our managers we have supported either at launch or in some cases pre-launch, before those managers became more widely known in the market place. This has enabled us to secure ongoing capacity with those managers, many of which are shut to other investors.