Investment Capabilities
Multi-Asset Solutions
Not a passive allocation. An active strategy that adjusts to what markets are actually doing.
$3.2B
In Mandates
12
Strategies
8.4%
Avg Net Return
Diversification With a Macro View
Most multi-asset strategies are diversified by label but correlated in practice. When equity markets fell 20% in 2022, most 60/40 portfolios fell with them. We build portfolios that are diversified by risk factor, not just by asset class name.
Our multi-asset platform runs liquid and illiquid strategies, active and passive exposures, and long-only and long/short overlays. The mix depends on the client's objective — not on what's easiest to manage.
Our Multi-Asset Capabilities
Strategic Asset Allocation — Long-horizon risk-return optimization for endowments, pension funds, and family offices
Tactical Overlay — Active risk management across liquid markets to manage drawdowns
Real Assets Blended — Combination of real estate, infrastructure, and credit in a single mandate
Liquid Alternatives — Hedge fund replication, risk premia, and factor-based liquid alternatives
Custom Mandates — Fully bespoke strategies built to client-specific return targets, risk budgets, and constraints
How We Work
Our Approach
Client Objectives
We start with what the client actually needs — a net return target, a liability they're trying to match, or a drawdown limit they can't breach. The portfolio flows from that.
Risk Factor Analysis
We decompose every portfolio into underlying risk factors: equity beta, duration, credit spread, inflation, currency, and liquidity. We manage to these factors, not to asset class labels.
Portfolio Construction
Strategic weights are set using long-horizon expected return and risk estimates. Tactical tilts are made based on valuation signals, momentum, and macro regime.
Rebalancing & Risk Management
We rebalance when risk factor exposures drift materially from targets. We don't rebalance on calendar dates regardless of market conditions.
Reporting
Clients receive monthly attribution reports showing returns by risk factor, asset class, and strategy. No black boxes.
Track Record
Select Multi-Asset Mandates
University Endowment
United States
Global multi-asset mandate for a $2.1B university endowment. Blend of liquid markets (60%), real assets (25%), and private credit (15%). Target: CPI+5% net over a full cycle.
7-year relationship. 9.1% net annualized
Sovereign Wealth Fund Allocation
Gulf Region
Real assets blended mandate combining real estate equity, infrastructure debt, and private credit. Structured to minimize correlation to the fund's existing equity-heavy portfolio.
$800M mandate. Active.
Family Office — Diversified
Europe
Bespoke multi-generational wealth mandate for a European single-family office. Blends core equity, private credit, and real estate with a long/short liquid overlay.
$240M. 12% net IRR to date
Get in Touch
Explore Multi-Asset Strategies
Our portfolio construction team works with institutional investors and family offices on tailored mandates.