Every mandate is governed by a written policy and independent review.
An investment policy statement is agreed before capital is deployed. It records the objective, the permitted exposures, the risk tolerances and the reporting cadence, and it can only be changed with the client's written instruction.
Investment decisions are made by committee, documented, and reviewed against that policy. Where a portfolio drifts outside tolerance, escalation is automatic rather than discretionary.
Separation between those who take risk and those who measure it.
Risk monitoring is functionally independent of portfolio management. Exposure, liquidity and concentration are measured against policy limits continuously, and breaches are reported upward on the day they occur.
- ·Independent risk review of every mandate
- ·Documented limits on exposure and concentration
- ·Same-day escalation on any policy breach
Clients see the same numbers the committee sees.
Statements carry positions, attribution, fees and cash movements. Nothing is netted away and nothing is presented without the context that produced it, including periods of underperformance.
- ·Position-level statements and attribution
- ·Fees disclosed in currency, not only in basis points
- ·Commentary covering what did not work
Discretion without documentation is not judgement. It is exposure.
The controls that sit behind every account.
- Investment policy statementRequired before deployment
- Investment committee reviewScheduled and minuted
- Independent risk monitoringContinuous
- Client reportingMonthly, position-level
- Conflicts registerMaintained and reviewed
- Client money segregationHeld separately from firm assets
- Complaints and escalationDocumented route to senior review
Meet the people accountable for it.
Governance is only as good as the individuals who apply it. See the leadership responsible for investment, risk and client outcomes.