Performance – Evidence of the investment approach and levels of manager skill


We look for evidence to test and cross check our understanding of the manager’s approach and assess whether the manager is skilful or just lucky. This is not about simply looking at past performance, which in itself is not a guide to future performance, but looking for all sorts of evidence to understand the manager’s historic approach and future investment strategy and includes in-depth analysis of:

  • absolute and relative performance patterns in different market conditions
  • sources of performance over time
  • portfolio trading analysis
  • portfolio positioning and investment strategy through time.

We publish a summary of our research opinions on all selected managers to provide due diligence support to advisers and our clients. You can find these here.