Multi-Asset Investment Approach

Multi-Asset Investment Approach

We are fundamental valuation driven investors.

We apply a valuation based process to derive expected returns for the various asset classes that make up our investment universe. This process quantifies how the component drivers of asset class returns will contribute to that asset class’s overall expected return.

We then seek to understand how much additional return we are able to generate for taking on additional levels of downside risk for different combinations of asset classes. Portfolios are structured to maximize expected returns for an acceptable level of downside risk.

Our top-down strategic asset class allocations are married with our bottom-up view of individual securities.

For an in-depth description of our multi-asset capability, please request a copy of our Investment Capability Document.