Investment approach

A research-led process, applied with discipline.

Our process moves from macro research through to individual position sizing, with risk oversight applied independently at every stage.

Process

01

Research

Macro and market research forms the starting point for every allocation decision, drawing on both quantitative data and qualitative judgement.

02

Construction

Portfolios are built against a client's specific mandate, with position sizing determined by conviction, liquidity and correlation to existing holdings.

03

Oversight

Risk is monitored independently of the investment team, with formal escalation where a portfolio moves outside its agreed guidelines.

Principles

Mandate first

Every portfolio is managed against a written mandate agreed with the client. Investment decisions are made within those guidelines, not around them.

Independent risk function

Risk oversight sits outside the portfolio management team and reports directly to the firm's governing committee. This separation is a deliberate structural safeguard, not a formality.

Transparent reporting

Clients receive regular reporting on portfolio positioning, performance and risk, in a format agreed at the outset of the relationship.

Risk management

Control Purpose
Mandate limits Constrain exposure by asset class, sector and single position.
Liquidity review Assess the time and cost required to unwind positions under stress.
Drawdown monitoring Track portfolio drawdown against agreed thresholds and trigger review.
Independent reporting Provide the governing committee with risk data separate from the investment team.