We believe that it is just as important to manage risk as it is to aim for returns. Preserving capital is the first step to growing capital: Controlling portfolio volatility and drawdowns can help improve compound rates of return and long-term results.

In managing our programs, we continuously assess the interplay among:

  1. Broad macroeconomic and market trends
  2. The dynamics of different investment strategies
  3. The risk/return characteristics of individual funds or managers

Our insights are the product of “art” and “science,” a combination of thoughtful judgment and in-depth quantitative analysis.