Selection process. (Final choice up to the client.)
Consolidated Reporting
Performance & risk analytics. Cost monitoring and control.
Special Missions
Portfolio Audit. Investment Education / Next Generation. Foundations governance.
We follow the same investment philosophy as US Universities (Yale, Stanford…): we concentrate on asset allocation and “Best in Class” manager selection. We organize extensive international Requests for Proposals for that purpose.
Our experience and practice allow us to guide you towards outstanding custodian banks.
Global custody/complex custody doesn’t carry many mysteries to us.
We track each transaction and produce a bottom-up consolidation. This allows to monitor our custodians, and it gives us a transparency allowing to check all costs and fees.
We have world-class IT systems to analyzeperformances and risks.
We can assist our clients on non-financial matters: we have extensive philanthropic as well as educational experience.
We also conduct specific evaluation missions for leading institutions (e.g., portfolio audits / assessments).
You have to say to yourself: “If I’m right, how much am I going to make? If I’m wrong, how much am I going to lose? That’s the risk/reward ratio”. Peter Lynch 1944-, American investor and fund manager. Wrote “One Up on Wall Street” and “Beating the Street”. “ The dumbest reason in the world to buy a stock is because it’s going up. Warren Buffett Buffett: 1930-, American (legendary) investor, chairman of Berkshire Hathaway. “ The true investment objective of Growth [as an investment style] is not just to make gains but to avoid loss. Philip Fisher 1907-2004, American investor. Father of growth investing. Wrote “Common Stocks and Uncommon Profits”. “ Know what you own, and know why you own it. Peter Lynch 1944-, American investor and fund manager. Wrote “One Up on Wall Street” and “Beating the Street”. “ Successful investing is anticipating the anticipations of others. John Maynard Keynes 1883-1946, British economist, investor and philosopher. Wrote “The General Theory of Employment, Interest and Money”. “ Attempting to outpertformthe market in the short term is futile… The effort only distracts (…) from finding and acting on sound long-term opportunities. Seth Klarman 1957-, American investor and hedge fund manager. Wrote “Margin of safety”. “ Holding cash is uncomfortable but not as uncomfortable as doing something stupid. Warren Buffett Buffett: 1930-, American (legendary) investor, chairman of Berkshire Hathaway. “ The central principle of investment is to go contrary to the general opinion, on the grounds that if everyone agreed about its merits, the investment is inevitably too dear and therefore unattractive. John Maynard Keynes 1883-1946, British economist, investor and philosopher. Wrote “The General Theory of Employment, Interest and Money”. “ Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it. Warren Buffett Buffett: 1930-, American (legendary) investor, chairman of Berkshire Hathaway. “ It is impossible to produce a superior performance unless you do something different from the majority. John Templeton 1912-2008, American-born British investor and fund manager. “ The overwhelming majority of people are comfortable with consensus, but successful investors tend to have a contrarian bent. Seth Klarman 1957-, American investor and hedge fund manager. Wrote “Margin of safety”. “ You must force yourself to consider opposing arguments. Especially when they challenge your best-loved ideas. Charlie Munger 1924-, American (legendary) investor with his partner Warren Buffett, vice-chairman of Berkshire Hathaway. “ It’s time for everyone to acknowledge that the term ‘long-term investor’ is redundant. A long-term investor is the only kind of investor there is. Benjamin Graham 1894-1976,British-born American economist and investor. Father of value investing. Wrote “Security Analysis” and “The intelligent investor”. “ We have two classes of forecasters: Those who don’t know, and those who don’t know they don’t know. John Kenneth Galbraith 1908-2006, Canadian economist, financial historian. Wrote “The Great Crash, 1929” and “A short story of financial euphoria”. “ The stock market is a device to transfer money from the impatient to the patient. Warren Buffett Buffett: 1930-, American (legendary) investor, chairman of Berkshire Hathaway. “ /{{total_slide_count}} {{current_slide_index}}
