Our clients…
…want to limit downside risk in bear markets and seek upside potential in bull markets;
…expect a manager with strong market conviction;
…prefer liquid investments;
…want well diversified portfolios;
…recognize that avoiding losses is the most important performance contribution.
As a result, we focus on…
…dynamic asset allocation based on a comprehensive assessment of the outlook;
…consequent portfolio positioning: 100/0 allocation in phases with a clear outlook, not just minor under- or overweight;
…fully liquid investments and risk overlays;
…well diversified, global portfolios without any material single company risk;
…a conservative bias in case of doubt – the basis for outstanding risk-adjusted returns.