Investment Philosophy

The Management Company's investment philosophy consists in combining performing managers with complementary and diversifying strategies: ARN, Atlantis, Hamon and JOHCM. The selected managers have different investment styles, i.e. large, mid or small-caps ; growth or value stocks, resulting in a minimal overlap in equity holdings. As a general guideline, a minimum allocation target of 10% is allocated to each manager in order to benefit from the diversification of the various strategies, with a maximum allocation of 50% for one single manager. Assets are split between the various managers on a long-term basis.