Our investment process is centred around, and starts with, understanding the client’s investment objectives, appetite for risk, capacity for loss and investment horizon. Once this has been established and agreed with the client, an appropriate measure will be selected for the portfolio mandate and then overall strategy and asset allocation will be considered by the investment manager in conjunction with our Strategic Asset Allocation Forum. Individual investments will be selected by the investment manager with reference to guidance set out by our Equity Research and External Manager Selection forums. Once investments have been established, the portfolio will then be constructed, ensuring at all times that it is suitable for the agreed mandate.
Equity RESEARCH FORUM
The Forum employs a disciplined and repeatable research framework, combining insights from leading investment bank analysts with proprietary in‑house analysis. Ideas are generated through a combination of internal networks, external research, and internal quantitative screening tools. Screening approaches are designed to identify businesses with high levels of cash generation, with good quality metrics, and attractive valuations. This is complemented by detailed fundamental analysis, including assessment of business models, competitive positioning, industry dynamics and long‑term structural trends.
A key component of the process is direct engagement with company management teams and investor relations functions, providing additional insight into strategy, capital allocation priorities and operational performance. Members also consider ESG factors and corporate governance standards as part of the overall investment case.
Ideas are subjected to robust discussion within the Forum, with particular emphasis on conviction, risk assessment and suitability. Recommendations are continuously monitored, with performance, news flow and investment thesis reviewed to ensure recommendations remain current, relevant and aligned with client objectives.
EXTERNAL MANAGER SELECTION FORUM
The Forum is responsible for making investment recommendations for externally managed strategies across a broad range of asset classes, geographies and fund structures, including open‑ended funds, listed investment companies and exchange‑traded funds (ETFs).
Membership comprises experienced investment managers alongside specialists from the central research function. A rigorous due diligence framework is applied, combining quantitative analysis with qualitative assessment to evaluate manager capability and the sustainability of investment performance. This process incorporates detailed track record analysis, data‑driven insights and formal meetings with portfolio managers.
Each strategy is monitored against an appropriate benchmark on a regular basis to identify any periods of underperformance, with findings formally reviewed at Forum meetings. Ongoing oversight is supported by continuous engagement with underlying managers, ensuring that all recommended strategies remain suitable for inclusion within the approved list.
RESEARCH TOOLS
- FactSet terminals for quantitative analysis of companies, sectors and markets real-time news and market data.
- Financial Express Analytics software for quantitative analysis, screening and comparison analysis of fund risk adjusted performance.
- Research from sell side providers including, but not limited to; JP Morgan, Deutsche Bank, Berenburg, Royal Bank of Canada, Peel Hunt, and Panmure Liberum.
- Meetings with company management and investor relations teams.
- Economic commentary from numerous research houses and regular attendance at seminars presented by senior economists from financial institutions.
Investment Managers have access to a wide range of industry leading tools and external research to support the management of client portfolios. A large volume of external research across investment strategy, economics, and company research is available from leading investment banks such as JP Morgan, Berenberg, and Deutsche Bank. In addition, access is provided to data and pricing terminals from leading providers such as FactSet and Financial Express, enabling ongoing desk-based research.
Furthermore, Investment Managers benefit from the brand strength and industry position of Redmayne Bentley, affording access to fund management and company management teams, including those in the FTSE 100. A central investment research team provides specialist support across asset allocation, portfolio construction, and security selection.