Our portfolio of mostly equities means a higher year to year volatility of annual returns, including a higher risk of negative returns in any one year. The higher risk of negative returns in some years comes with an expectation of higher returns over the long term..
As an owner investor, we maintain full flexibility to deploy capital across listed and unlisted assets, and to adopt a long investment horizon. We track and manage risks proactively and throughout market cycles.
We do not have limits or targets for asset class, country, sector, theme or single name concentration. We manage our leverage and liquidity conservatively for resilience and flexibility, even in times of extreme stress.
Our managers’ in-depth knowledge, familiarity with their respective markets and frequent interaction with other asset teams, also give us an edge in crafting superior credit strategies for our clients.
We believe that this top down-bottom up investment approach provides the best opportunities for achieving superior risk-adjusted returns over the long term.
We asses the macroeconomic environment and incorporate market expectations and investor positioning. We then evaluate risk versus return trade-offs.
As an owner, we have full flexibility to reshape and rebalance our portfolio, whenever opportunities or challenges arise. We can take concentrated positions or remain in cash.