1.We do one thing and one thing only - Global Multi Asset Management. Our investment philosophy is unashamedly simple, "diversification through unconstrained global asset allocation within an absolute mindset".

We adopt a Team Approach with a multi manager bottom up process.

2.Strategic Asset Allocation or big picture long term super cycles are very important to us.

3.Risk models for volatility must include data from the past 100 years to include as many possible economic cycles and avoid black swan events.

4.We are active tactical asset allocation managers who attempt to focus on absolute not relative returns through different liquidity cycles.

5.Diversification is key to our portfolio construction.

6.The following is very important to us at when looking at fund / security selection

• Tracking error and Counter party risk on all Exchange Traded Fund (or notes).

• Rolling information ratios on all active alpha managers ie added return for risk taken on a rolling three year basis to establish trends.

• Liquidity and operational due diligence on all alternative strategy funds and managers
• Structured Funds for idea implementation.

• Qualitative meetings and reviews for all underlying managers. Quantitative and Qualitative research is vital to ensure that the bottom up part of the process is executed correctly.

7. Risk Management and dealing procedures are key to our philosophy.

8. Full discussion about investment strategy within each asset class is available in the in depth analysis of each fund.

In summary, we are looking for funds and listed securities that outperform on the upside when we invest based on an asset allocation call and not necessarily in down markets or through all cycles which makes us very different to a traditional multi manager business.