Toby May

Goodhart is an active, long-term manager that offers a range of strongly differentiated investment strategies and utilizes a fundamental, research-driven approach to investments. The firm seeks to meet the needs of pension funds for specialist, high performance investment strategies by focusing their attention on strategies which are generally overlooked by investment consultants, but which offer exceptional returns.

Blackfriars is an active manager which has specific expertise in emerging market equity and debt as well as in global fixed-income and currencies. Their portfolios are primarily long-only, however they also manage global long/short emerging market equity portfolios. The firm combines fundamental-driven, bottom-up stock selection with disciplined quantitative analysis in an investment process involving a three-stage filtering process. First an internally developed quantitative stock screener based on three inputs (a multi-factor model, a CFROI model and a technical model) identifies pricing anomalies, then a team of in-house analysts establishes their fundamental view of the value of these companies, after which they construct a portfolio with stock-specific risk.