- Key economic data
- Socio-political issues
- Credit ratings sector reports
- Leading industry analyst reports
- Researching under-valued sectors of the market
- Screening a database of 200 companies
- Generation of macro themes and ideas
- Leading industry analyst reports
- Senior portfolio manager submits a detailed report
- Idea is reviewed by the investment team
- Emphasis on exposing investment flaws rather than reaching a general consensus
- Final decision rests with the promoter of the investment and then each portfolio manager
- Merits of new ideas measured against existing portfolio holdings
- Portfolio evaluation of exposure to each new investment theme or security characteristic
- Institute a buy/sell program to either accumulate or reduce the investment
- Top-tier: Client-focused risk model based on liquidity needs, liabilities, taxes, and rate-of-return objectives
- Bottom-tier: Model of risks specific to sector, industry, country, politics, and foreign exchange
- Senior portfolio manager-required judgment to balance the client/investment risk against stated benchmark returns
- Sell investments that have achieved their target evaluations or that deviate from Investment Committee's outlook
- Add to positions where changing market dynamics justify increasing exposure
