Active Management

We apply our philosophy through a process that involves the following key steps:

  1. Quantifying each of the risk characteristics of an asset, including term risk, credit risk, liquidity risk, etc.
  2. Determining a relative value for each asset included in a portfolio.
  3. Monitoring markets to determine the level of yields available across the range of potential investments in our funds.
  4. Building portfolios that are most heavily concentrated on assets that offer a yield that exceeds required risk premia - i.e. which offer ‘value for risk’.
  5. Managing overall portfolio risk levels through diversification guidelines and an accumulation approach to implementing strategy changes that evaluates the strength of market trends at any point in time. 
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