Financial Intermediaries

Equities, also known as stocks or shares, represent units of ownership of a company. The owner – known as a shareholder – may receive dividend payments from the issuing company as well as the prospect of the share increasing in value.
 
Our equity portfolios invest in attractively valued stocks with a quality bias. After performing an initial screen of the universe to assess each stock’s liquidity, profitability, valuation and leverage, we perform in-depth analysis on stocks of interest, looking for firms with attractive or increasing revenues, cashflows and returns on equity and that have catalysts to unlock further value. We invest in our highest-conviction ideas taking into account each prospective holding’s contribution to overall portfolio risk.

Bonds can be issued by companies or governments and generally pay a set interest rate, known as the coupon. Investing in a bond is essentially like lending money to the issuer, and generally involves less risk than investing in equities.

We construct well-diversified bond portfolios based on in-depth research. We start out by determining a macroeconomic outlook to help us forecast interest rate movements. From there we optimise our positioning on the yield curve based on relative value and yield spread analysis. We go on to analyse the fundamentals of individual bond issuers to assess their ability to make their debt repayments before selecting the best bonds to invest in.

As the name suggests, multi-asset strategies invest in a range of asset classes that can include equities, fixed income, real estate, cash and alternatives. Investing in a range of asset classes increases a portfolio’s level of diversification, and can help improve its risk-adjusted return potentials.

When constructing well-diversified multi-asset client portfolios, we focus on exploiting cross-asset mispricing opportunities and blending together investment strategies with a low correlation to each other. Our portfolios are designed with specific goals in mind, such as minimising volatility, inflation and currency hedging, and alpha or beta generation.

Liquidity and cash management strategies aim to provide a higher return on investors’ cash holdings than can be achieved by simply holding cash at a bank. 

Our liquidity and cash management solutions aim to generate attractive returns in the short term, such as over a 30-, 60- or 90-day horizon, by investing in money-market and short-duration fixed-income instruments. This strategy involves very limited risk as it invest in high-quality sovereign and corporate credit assets providing competitive yields.

Alternative investments include any assets other than equities and bonds that are listed on an exchange. One of the most common is private equity – shares in an unlisted company. We focus on private assets such as private equity, private credit, infrastructure and private real estate, which are more complex and less frequently traded than public stocks and bonds but have higher return potentials.

Start-ups, venture capital companies and private equity firms often reach out to us when they are looking to raise money, and we analyse each opportunity in depth to determine whether we should invest. We also offer our clients the chance to allocate to deals that we believe represent compelling opportunities to grow the value of their assets.