Asset allocation:
our judgement distilled
The ethos of the private bank overlaps with our reading of modern portfolio theory, where steady performance and low volatility serve best both markets and investors alike. To deliver these benefits to our clients we necessarily offer an unusually broad and independently sourced range of asset components that can become part of a portfolio, drawing them together through an exhaustive due diligence process. And while the breadth of our product offering has enabled us to achieve our goals, we are only able to do so consistently through the fruits of our research and modelling process. Each month, our senior partners debate the findings presented to them, and by extensive discussions and eventual consensus they define an overall investment strategy for the next period, adjusting the overall allocation of asset types across the bank’s entire portfolio as the results of their deliberations dictate. A regular schedule of dissemination meetings ensures that these strategies are implemented, and at the same time they allow for direct tactical experience to be fed back into the system. The strength of the relationship between openly sourced assets, independently sourced research and our fundamental belief in the core value of responsive asset allocation cannot be overstated: it lies at the philosophical core and operational heart of the bank.