Multi-Manager Investment Options

Our multi-manager portfolios are designed to be easy to use, easy to administer, cost effective and very efficient. Let us do the heavy lifting for you and free up your time to do the things that really add value.

Investment Philosophy

We have been building model portfolios throughout the Global Financial Crises with excellent results and now we offer that experience to you. Our overriding objective is to help investors achieve their investment goals by providing an efficient and cost effective investment vehicle tailored to their needs. We also seek to provide the best possible investment returns available from global markets given acceptable levels of risk over a long term time horizon. To do this we

• Constantly monitor whether the forward looking return from each portfolio is consistent with our investment objectives
• Seek to ensure that the risks associated with the portfolios are acceptable and well communicated to our investors
• Look for new investment opportunities to enhance the performance of each mulit-manager investment model

To ensure our investment approach remains consistent with our investment philosophy we

• Match the asset allocation to the investor’s risk profile and maintain it within agreed parameters as set out in the Product Disclosure Statement
• Use only efficient and effective investment structures such as Separately Managed Accounts (SMAs) and Exchange Traded Funds (ETFS) to build portfolios
• Use only physical ETFs that hold the basket of stock that make up the relevant index to ensure liquidity is maintained (very limited use of derivatives is acceptable)
• Limit asset allocation changes as much as possible, particularly in low risk investment climates (growth cycles)
• Actively tilt the asset allocation (within risk profile requirements) particularly when markets are in a high risk state or where our analysis confirms increased risk in a particular asset class or region
• Limit active management only to those asset classes where it has been demonstrated that we can add value over and above the associated fees
• Replace managers when required while managing the potential capital gains tax impact on the overall portfolio
• Manage turnover to reduce transaction costs and potential capital gains tax liabilities

Overview

There are 12 multi-manager portfolios. One multi-manager portfolio, the Australian Equity Multi-Manager, is a dedicated portfolio of Australian listed securities. The remaining 11 portfolios are all diversified portfolios that offer a choice of asset allocation with differing levels of exposure to growth assets, such as shares and property.

There are 7 portfolios which have been created for investors in accumulation phase who have an investment time frame of at least 5 years. There are also 4 portfolios that have been created for investors who are either in, or about to enter, pension phase and need a portfolio to generate an ongoing income stream.

The pension portfolios have an increased focus on investment yield to improve the cash flow which will reduce the need to sell investment assets to fund income stream payments. Our overall aim is to provide appropriate levels of capital growth to offset the impact of inflation over the medium to long term, generate appropriate levels of tax effective income to meet income stream payments and preserve investment capital for as long as possible.

There will be a multi-manager portfolio that is right for you.

Asset Allocation Committee

Jonathan-RamsayEdit
Jonathan Ramsay

Jonathan has almost 20 years of experience in asset consulting and funds management in the UK and Australia. He is a Director of InvestSense, a portfolio construction firm and holds positions on various external investment committees. His previous roles include Head of Asset Consulting and Strategic Research at van Eyk, Head of Investment Strategy and Risk at Glennon Capital, Head of Research at Dawnay, Day Walden and Senior Asset Consultant/Fund Researcher at  Aon Consulting.

Jonathan has BA in French and Economics and qualified as an Associate of the Institute of Investment Management and Research (which became the CFA Society of the UK). He also has a Graduate Diploma of Management from the Australian Graduate School of Management.

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