Philosophy

We believe markets are inefficient and that high prices alter the supply/demand balance, ultimately creating low prices. These shifts in markets are driven by large secular (long-term) themes and fundamental macro-economic trends – the "big picture" drivers of performance. Using this crucial long term perspective, we actively allocate assets to our global and local multi-asset class portfolios.

Hence we will make material changes to our portfolios based on our expectations for the long-term prospects of particular asset classes. Importantly, we go beyond the general asset class view and break these down into clusters of assets that will be equally impacted by these "big picture" themes.

By combining our in-house capabilities and our specialist security selection expertise with that of other global and local Old Mutual boutiques, all within the framework of our top-down macro view, we offer investors a range of optimal solutions in terms of generating excess returns and risk control.