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A thorough top-down analysis, both technical
and macro-economic, provides the framework for investment
decisions and ensures that portfolios are best positioned
for the economic environment ahead. |
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Given this background, the specific risk/reward
criteria of any portfolio are evaluated so that further investment
planning is based on a clear risk-budget. |
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Based on an understanding of the macro-economic
background and the risk parameters of a portfolio, an asset
allocation overlay will look at the different asset classes
(or hedge fund strategies in the case of a hedge fund portfolio)
which may be appropriate. |
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The practical implementation of the agreed
investment strategy then leads to the determination of the
investments in equities, bonds, alternative investments or
other asset classes (or of the investment of hedge fund managers
in the case of a hedge fund portfolio) to achieve the desired
portfolio composition. |
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The proposed investment decisions are subjected
to a risk management and operational review in order to ensure
that they are in line with the investment mandate and internal
and regulatory operational requirements. |
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The executions of investment decisions are
based on clear price target criteria and mostly involve the
application a stop-loss discipline. |
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Clients are kept up-to-date with the progress
of their portfolios through regular communications and management
reporting. |
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