We adhere to the following core investment principles in our portfolios:
- Diversify across drivers of value. To access different return drivers, our portfolios usually include fixed income, equities, alternative assets (“hedge funds”), private equity, and real assets investments
- Invest our clients’ funds globally. Generally, we target significant exposures to non-US investments, excluding cash and bonds (which typically have been dollar, or local currency, denominated)
- Focus on fundamental valuation analysis. We strongly favor investment managers whose strategies are based on performing fundamental analysis of companies, assets, securities, and events
- Adjust allocations to asset classes and strategies based on market opportunities and risk. Using insights and observations from our own research, discussions with managers and other sources, we maintain a current opinion on relative value and risk in different sectors and strategies
