The Company focuses on achieving long-term capital growth while preserving shareholders' capital. Capital is allocated to internally and externally managed quoted equities, unquoted direct investments and unquoted fund investments, as well as real assets, absolute return & credit, government bonds and currency.
Our corporate objective
- To deliver long-term capital growth, while preserving shareholders' capital.
- To invest without the constraints of a formal benchmark, but to deliver for shareholders increases in capital value in excess of the relevant indices over time.
Our investment policy
- To invest in a widely diversified, international portfolio across a range of asset classes, both quoted and unquoted.
- To allocate part of the portfolio to exceptional managers in order to ensure access to the best external talent available.
Capital growth
The Company’s focus remains on achieving capital growth.
We aim to participate in markets when they are rising, but adopt a more cautious stance when we see risks of capital loss. We carefully manage currency exposure and we allocate a proportion of the Company’s investments to talented and proven third party managers. Retaining liquidity at the right times and preserving shareholders’ capital takes precedence over short-term capital growth.