Integrated Asset Management
Integrated Asset Management
After an extensive ‘client-profile analysis’, where the subjective experience of acceptable investment risk is paramount, a tailor-made ‘risk/reward profile’ is agreed with the customer. This results in a long-term strategic asset allocation over different asset classes, including the respective strategic bandwidths, which is embedded in a formal ‘Asset Management Agreement’.
Subsequently, the Investment Framework is drafted, where risk-budgets are allocated, per individual asset class, to several distinguishable sub-asset classes, regions, sectors, investment styles, strategies, factors, themes.
Finally, based on a ‘Core-Statellite’ approach, the portfolio is systematically constructed, where in addition to liquid passive financial instruments (ETF’s), space is allocated to active asset managers, where providing daily liquidity is not a main principle in their investment process.