Investment Philosophy & Beliefs

Our Investment Philosophy

The long-term asset allocation decision should reflect the investor’s liabilities and attitudes towards risk and return. Our approach is based on the following beliefs :

• As long term investors we expect risky assets to offer extra return (risk premium) for the extra risk
• Diversification offers the only free lunch in investments. A portfolio well diversified across many asset classes will have lower volatility with no sacrifice in returns
• The strategic asset allocation decision is more important than short-term tactical moves or stock selection.
• Minimizing transaction cost and management fees can have a meaningful impact on returns
• Some markets might be more efficient than others. A core-satellite approach offers an efficient combination of beta risk with the expectation of alpha through stock selection
• A mix of internal and external investment managers, many of whom are internationally recognized leaders in their fields, provide the necessary depth and breadth

What we Offer