Manager selection is based on research completed via exhaustive due diligences. An overall rating is determined for each manager by formulating a composite view of a range of qualitative and quantitative criteria including the team, investment process, operations, compliance, costs, performance, risk etc.

Annually, we due diligence in excess of 150 managers locally and internationally across asset classes and investment strategies.

In-depth analysis is done on the make-up of managers' returns in search of evidence of process and philosophy at work. We look for managers who can generate robust, consistent repeatable performance and who are strong alpha generators.

Asset Allocation representing the percentage weighting or exposure of assets in an investment portfolio among different asset classes is usually the primary driver of long term performance and the largest determinant of absolute risk. Our expert in-house designed quantitative modelling tools are used to determine the optimal asset class weightings in our multi-manager portfolios, mandate specific.

In constructing portfolios, we combine managers in line with an overall risk budget using clearly defined benchmarks. The risk budget, targeted returns, benchmarks, regulatory limits and other risks such as liquidity and credit risk are all taken into account. We also maintain neutral or acceptable tolerance to systematic risk factors within each asset class.

A strong emphasis on risk controls is applied both at the single manager and at the aggregate portfolio level. Daily portfolio transparency allows us to monitor risks closely and react without delay should we need to.