Top-Down Process

Our top-down process begins with a focus on macro decisions at the country and sector/industry level, which can have a disproportionate impact on returns.  We believe our process is uniquely suited for managing portfolios, in contrast with more “bottom-up” approaches of many competitors who may leave key sector or country decisions as passive residuals. By actively managing these crucial higher-level decisions, we feel our top-down process allows us to actively exploit a greater opportunity set for generating outperformance than other approaches.

top down process overview funnel

Security Selection Process

Our security selection is specifically designed to leverage our top-down process, directly applying high-level themes from our macro analysis in our security analysis and selection.

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