Investments

Core Investment Beliefs

  • Long-term investors out-perform short-term investors.
  • Multi-asset class portfolios continue to reap benefits from diversification; however, looking through asset classes to “risk betas” is critical to ensuring true diversification.
  • Formulating an appropriate risk budget based on expected return targets and sticking to it (i.e., no market timing) will deliver the best investment results over the long-term.
  • Extreme market environments occasionally provide tactical asset allocation opportunities that can enhance investment returns.
  • The vast majority of active asset managers do not justify their fees as their returns can be replicated with low cost passive instruments (e.g., ETFs).
  • Picking active managers that can outperform in the future requires deep research conducted by a highly specialized team. It requires rigorous quantitative analysis to understand if the returns are from manager skill or just market exposure, and judgment on whether this skill is sustainable.
  • A portfolio constructed with a small set of exceptional managers for “portable alpha” and passive low cost instruments for market exposure or “beta” is the most efficient use of the fee budget. In our opinion, properly constructed, such a portfolio can deliver 1-2% of outperformance per annum over the market.

Essential Elements

Investment Strategy Development

Multi-Asset Class Diversification

Access to the Best Asset Managers

Risk-Controlled Management

Rigorous Asset Manager Due Diligence

Policy for Responsible Investing

Socially Responsible Investing

Partners Capital aim to educate and assist clients in the implementation of responsible investment strategies whilst achieving long term investment performance at the top of their peer group

Asset Classes

Fixed Income
Liquid Credit
Private Debt
Absolute Return
Public Equities
Private Equity
Real Assets
Uncorrelated / Alternative Alternatives