IT'S ALL ABOUT MANAGING INVESTMENT RISK.
NO FORECASTS, NO PREDICTIONS
RISK-BASED INVESTING
Our investment process is systematic, rather than taking macroeconomic views or making tactical investment decisions. This allows us to focus on the things we can control and efficiently manage the risks we take on.
INVESTMENT STRATEGY
Our aim is to grow your wealth over time. We generate returns from lending, asset growth, market movements and opportunities, whilst protecting portfolios by diversifying across different types credit and price risk. Price risk is the value of an asset changing, whereas credit risk is the borrower's ability to repay a loan.
Credit Risk
Government
Risk: Governments can't repay their debts
Asset: Publicly listed government bonds
Corporate
Risk: Businesses can't repay their debts
Asset: Publicly listed corporate bonds and private loans
Bespoke
Risk: Specific projects can't repay their debts
Asset: Alternative credit, project and bridge financing
Price Risk
Alpha
Risk: Asset prices become uncorrelated
Asset: Statistical, fundamental and structural arbitrage trading strategies
Beta
Risk: Asset prices go down
Asset: Shares of companies (public and private), real estate and commodities
Gamma
Risk: A specific outcome does not occur
Asset: Venture, special situations, and event driven investment strategies
EFFECTIVE EXECUTION
We relentlessly endeavour to reduce any costs and fees in the process of executing your wealth management strategy. This is known as the Total Cost of Exposure (TCE) and it includes management & performance fees, commissions, transaction costs, taxes, administration and any other direct, indirect or implied fees.
The TCE can significantly affect where you are on the risk curve and highlights any unwanted or, worse, unrewarded risk.

RETURN
RISK