Our investment style is highly disciplined, combining top-down and bottom-up approaches to complement the Growth at Reasonable Price (GARP) philosophy. This is an approach in-between the traditional growth and value styles – where one looks for undervalued companies that operate unique business models with the potential of stable growth in different market conditions. While a top-down approach is important in determining the overall assumptions on macroeconomic and industry specific matters, it is the company specific fundamental research that is the key to alpha generation. Sector focus is primarily dictated by the benchmarks of different products.

 

Equities

We focus on fundamental research and active portfolio management. The analysis of a company’s fundamentals such as its balance sheet plays an important role in the selection process.

Fixed Income

The investment philosophy here is dictated more by the mandate and the nature of the fund. Portfolio construction is a result of duration risk and credit risk. Here as well, fundamental research plays an important role in determining the duration and credit profiles.