• Key economic data
  • Socio-political issues
  • Credit ratings sector reports
  • Leading industry analyst reports
  • Researching under-valued sectors of the market
  • Screening a database of 200 companies
  • Generation of macro themes and ideas
  • Leading industry analyst reports
  • Senior portfolio manager submits a detailed report
  • Idea is reviewed by the investment team
  • Emphasis on exposing investment flaws rather than reaching a general consensus
  • Final decision rests with the promoter of the investment and then each portfolio manager
  • Merits of new ideas measured against existing portfolio holdings
  • Portfolio evaluation of exposure to each new investment theme or security characteristic
  • Institute a buy/sell program to either accumulate or reduce the investment
  • Top-tier: Client-focused risk model based on liquidity needs, liabilities, taxes, and rate-of-return objectives
  • Bottom-tier: Model of risks specific to sector, industry, country, politics, and foreign exchange
  • Senior portfolio manager-required judgment to balance the client/investment risk against stated benchmark returns
  • Sell investments that have achieved their target evaluations or that deviate from Investment Committee's outlook
  • Add to positions where changing market dynamics justify increasing exposure