Asset Allocation Journey: 2006-2013

A long-standing client remarked recently that, in his view, the key driver of successful investment management was asset allocation. We agree with this wholeheartedly.

This note reviews our efforts in this field since the beginning of 2006; it encompasses a complete business cycle and a ferocious financial crisis. We believe it demonstrates that, armed with patience and a strong value discipline, it is possible to make value adding asset allocation decisions in all market environments.

Download the full Special Bulletin (PDF, 672KB) to read more.