• Resilience at the core – we believe a core of high quality companies that deliver downside protection (which we refer to as ‘STAR’ companies) is crucial to outperformance; complemented by satellite themes designed to exploit mega-trends and tactical opportunities
• Active – our equity strategies are actively managed, with high conviction and are not tied to benchmarks
• Fundamental – to identify opportunities and gain a full understanding of risks, we apply a disciplined and rigorous approach to our macroeconomic and credit analysis
• Disciplined and repeatable – our process takes a consistent approach to identifying opportunities, combining quantitative screening and bottom-up qualitative due diligence

“Our overarching belief in equity investing is that avoiding significant downturns is essential in maximising longer term growth. As such, our equity strategy is focused on a core of high quality compounding companies.”

ROGER JONES
Head of Equities

• Strategically focused – we identify themes that will deliver longer term outcomes for our investors
• Unconstrained – we are not wedded to benchmarks and search for value and absolute growth in a full range of fixed income securities
• Fundamental – we identify opportunities and fully understand the risks involved. We apply a disciplined and rigorous approach to our macroeconomic and credit analysis
• Risk controlled – when investing in ‘higher beta’ areas of fixed income, to maximise returns, we aim to control volatility of returns through portfolio diversification and the use of derivatives to manage duration and credit risk

“We believe outperformance is delivered through a selective and unconstrained approach, identifying value across asset classes, sectors and countries through a combination of disciplined top-down and bottom-up analysis.”

SANJAY JOSHI
Head of Fixed Income

• Market context – we take a top-down macro and market based approach to evaluating opportunities and informing investment decisions
• Access – our network of industry relationships and databases are used to identify new hedge fund strategies
• Risk – we employ a robust due diligence process, both from an investment and operational perspective, to ensure each fund meets a high set of standards and ultimately delivers attractive risk adjusted
  returns over the long term

“Our approach to alternative investments is to provide true diversification to traditional asset class exposures. We utilise a robust due diligence process to identify and exploit alphas which are complementary to our clients’ portfolios.”

KRISTIAN RICHMOND
Head of Alternative Investments