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We concentrate on delivering dependable and repeatable performance.

In addition to creating first-class investment products, we attach special importance    to our ability to deliver comprehensive client service. We are noted for our structured investment approaches, our dedicated client focus and our excellent range of specialist investment products.

Our business approach has two fundamental elements:

• Developing superior investment products in our centres of competence around the world
• Delivering superior local client service based on a detailed understanding of each client's particular needs
  

Our investment philosophy is characterised by the following tenets:

• Multi-factor approach to decision making                                  
  
• Formally derived and scored, complemented where necessary by judgmental inputs
• Only appropriate levels of risk taken
  • Rigorously controlled ex-ante and monitored ex-post
    
  • Performance evaluation on a risk-adjusted basis
    
• Concentrated, team-based decision making in individual locations
  • Centres of competence
    
• Primary research shared across the firm

Each client has risk and return parameters which should form the cornerstone of any asset management service offered. We believe there are some parts of every investment process which are best analysed using quantitative methods, and some that must rely on experience and judgement. And we are certain that any prudent investor diversifies the risk in a portfolio by making an appropriate number of different decisions, rather than relying on getting a small number spectacularly right.

This investment philosophy applies equally, in our view, to all asset classes in all kinds of markets. Every product we offer carries the hallmark of these basic principles.