Philosophy

• We prefer active management, rather than benchmarking
• Talented managers can outperform indices using active management techniques
• Smaller teams benefit better from individual skills
• Quantitative screening models, coupled with qualitative
• Fundmanagers override, produces well positioned portfolios
• Buy and sell discipline is one of the important factors
• Systematic asset allocation decisions achieve added value
• Independency grants strong organisational structure
• "Nobody is perfect": continual improvement processes are a must

Risk-Management and Controlling