Our Investment Process

Investment Management

Our Investment Style

The investment managers within our group adopt a “multi-manager thematic” investment style which eschews the conventional static-benchmark template. They favour a more flexible approach with higher growth opportunities. They actively allocate capital across geographies, asset classes and themes. They are always agnostic of benchmarks as active asset allocation is a key driver of returns.

The team identifies, interviews and carries out due diligence on many of the world’s leading as well as lesser-known but highly skilled funds. It is clear to us that a portfolio consisting of various specialist fund managers, based around the world and focusing on specific sectors, geographies, themes or asset classes is likely to perform better than the one-man, generalist approach typical within the industry.


The investment team researches, interviews and carries out due diligence on many of the leading fund managers around the world. For a fund manager to be considered, they will typically:

  • Invest in the fund alongside clients
  • Compliment themes and asset allocation
  • Display historically superior risk-adjusted return
  • Demonstrate high conviction
  • Be index/benchmark agnostic
  • Display no undue volatility


The investment team invest in a diversified portfolio of funds that reflect their asset allocation. The internal fund research selects funds across the globe that are benchmark agnostic. Often these funds are beneath the radar of private clients for various reasons:

  • They are too small or illiquid for a large investment management company
  • They are closed to new investors
  • They do not deal with private clients
  • They have high minimum investment sizes
  • They are low profile and hard to discover


The investment team carry out ongoing due diligence and have regular meetings and dialogue with the investment management company.

We ensure that portfolio holdings remain consistent with our investment objectives, macroeconomic view and current investment themes and asset allocation.

We closely monitor the risk and diversification of the portfolio and employ external consultants to verify this.


Deciding when to exit the position is just as important as entering. There are various red flags.  Poor performance is not necessarily a sell criterion as it could be a symptom of:

  • A change in asset allocation or themes
  • Large fund size restricting its ability to perform
  • A change of investment manager
  • A change of style without warning
  • Increased volatility relative to peers