Our fund managers’ experience gives an independent perspective on the relative valuations of key asset classes allowing asset allocation decisions to be taken with conviction. We avoid investments that we dislike or do not understand, and instead focus on sectors and markets in which we can identify real value - even if this means not capturing all the upside in an overheated market.

After over a decade in which equity markets have made little progress, the prevailing investment practice remains to be fully invested and to endure the rollercoaster ride. We believe it is critical to be able to move in and out of markets to generate absolute returns for investors. This flexibility has led our investors to experience a more comfortable ride. We have strong views about the long term valuations of asset classes and invest accordingly. Your cash will never burn a hole in our pocket. We invest with care and will always wait patiently for opportunities to present themselves.

We have the scope to invest in a broad range of asset classes including equities, bonds, index-linked bonds, preference shares and precious metals. We make asset allocation decisions with conviction, advocating strategic, not tactical, changes to portfolios.