Multi Manager

TriAlpha, the asset management company of the Stonehage Group, operates globally with offices in Jersey, London and South Africa. The South African offices are located in Johannesburg and Cape Town. TriAlpha has US$2 billion assets under management internationally this includes R8 billion of money sourced in South Africa.

John Veale, Chief Investment Officer of TriAlpha Investment Advisors in London, comments on Multi-Management:

“The TriAlpha approach to Multi Management is characterised by two distinct phases, top down asset allocation and bottom up manager selection. Drawing extensively on the resources and experience of our asset allocation team we formulate views on asset classes, geographic regions and tactical themes. Leading us to identify individual styles and regions which we feel would be prudent to invest in or avoid at different points in the cycle. Asset allocation is reviewed regularly to evaluate key macroeconomic forces driving market dynamics and to identify risk factors likely to emerge in the near future”.

Veale goes on to say:

“Our manager selection is an ongoing and detailed process. Most of our effort is concentrated on major research prior to the initial investment using a three-prong approach in; manager due diligence, qualitative evaluation, operational review and quantitative analysis. In depth due diligence is perhaps the most important and intense part of the process. It involves detailed study of the manager’s portfolio, how that blends with other funds in our portfolio, along with analysis of legal documents and proprietary quantitative analysis. We also engage in continuing dialogue and regular review of the chosen manager’s strategy and operations.”

He adds, “As an independent investment house our manager selection process has complete integrity. Funds are selected exclusively on merit and as a consequence of the findings of our investment research. Currently TriAlpha has $2 billion of funds under management worldwide.

In conclusion Veale comments, “Its imperative for Multi-Managers to have the resources to research and monitor the manager environment, to continuously cover the market and to use these resources regularly and aggressively. The input and insight gleamed from all of the resources we use is invaluable, enabling us to position our portfolios for the market environment that lies ahead as well as gaining an in-depth and detailed understanding of the current investment portfolio. Our clients benefit as we are able to analyse where our current risks and opportunities lie and to take well timed appropriate action if and where necessary.”