Asset Class selection
The client’s risk appetite and the asset manager’s market assessment constitute the basis for long-term asset allocation and short-term asset class flexibility. Subsequently the careful selection of the manager is the key to success.
For traditional portfolios this continuously considers liquidity, duration and credit risk. For multi-manager portfolios we only trust managers that substantially contribute to the portfolio’s return and dispose of consistent track records of success.
The risk analysis includes macroeconomic data, liquidity and individual corporate actions. For multi manager portfolios the risk profile is furthermore strongly influenced by the manager’s personal attributes and organizational strengths. Portfolio analysis is predominantly qualitative and conducted exclusively by experienced professionals.
We aim to optimize the portfolio by risk budgeting within our absolute return framework to consistently outperform the market.