Our strategy is based on the belief that smart diversification leads to long-term success. Smart diversification—informed by studying the long-term behavior of asset classes, which includes modeling their returns, volatilities, and cross correlations—helps us construct portfolios with superior risk-to-return performance.
We bring our strategy to life by focusing on these key priorities:
- Gaining—and Maintaining—Access to the Best
By leveraging our expansive and long-standing network, we provide clients with access to proprietary pools and superior investment managers. We believe that superior investment managers do exist, particularly in less efficient asset classes. Gaining and maintaining access to these managers requires an unmatched network, hard work, patience, and investment acumen. Our investment process focuses on the quality of people and performance.
- A Relentless Focus on Value
The price of an asset rarely equals its value—which we see as an opportunity. We believe it is both possible, and necessary, to estimate the true value of assets. Because asset classes are prone to periods of overvaluation and undervaluation, estimating their true value allows us to rebalance and reweight portfolios to manage risk and maximize performance.
- The Art of Portfolio Construction
Strategically constructing a portfolio and deciding how to address a given asset class at a given time in a market cycle is an art more than a science. It requires knowing not only the best strategies and tactics to represent an exposure in a given asset class, but also how to extract the most value. We practice this art daily, and continually uncover lessons and insights.
Your ability to truly collaborate with external advisors is unique. In building trust with them, you give me confidence that everyone is working toward the same goals.