| Our Asset Management’s primary objective is to generate
investment performance for clients. However, adding value
for clients involves a range of complex tasks and our strategy
is to apply resources to client needs across the whole spectrum
of investment issues. In establishing investment portfolios
for clients, our Asset Management Relationship Managers review
with clients how asset classes and risk profiles optimally
match theoretical or actual liabilities. Given the diversity
of our Asset Management client range, geographically and by
sector, client needs vary dramatically. For example, a multinational
corporation investing surplus corporate funds may have a low
risk profile restricting investments to short duration money
markets, whereas pension funds may have long term liabilities
in excess of 30 years, thereby allowing a major commitment
to equity markets and to less liquid scenarios such as private
equity and real estate.
Charles Fleming’s Asset Management also strongly recognizes
that economic developments and changing market circumstances
can radically alter the risk/ reward characteristics of asset
classes and therefore, over time, client investment objectives
may be constant, but the range of assets meeting these objectives
will change. Our Asset Management’s Relationship Managers
work with clients to review whether changing markets require
adjustments in investment portfolios. In the management of
its business, the Asset Management team emphasizes that the
primary value added for clients is investment performance.
However, it also recognizes that to develop business and provide
optimal value for clients, our strategy of providing research,
advice and training, in addition to highly efficient reporting,
of our investment management work, strongly enhances our client
relationships and builds them into long standing partnerships.
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