Process

Our investment process reveals our convictions, namely, that a disciplined investment procedure is a necessary condition to generate coherent and performing strategies.

Research

While operating under an open architecture, CBH conducts its own research because it believes their conclusions are the essential ingredients to produce portfolio performances. Outsourcing this research effort would negate our understanding of what asset management is all about.

Committee

The investment committee is made up of 8 members, who review on a weekly basis the macroeconomic situation, the financial results and the technical configurations to enhance their reading of financial markets and appraise the potential of various asset classes, sectors and regions.
Thereafter the committee takes decisions in matter of asset allocations, sectors, hedges, bond segments and maturities.

Implementation

Investment committee decisions are implemented at two levels:

• within the SICAV Pléiade EURO Balanced fund, in which are invested the majority of mid-size mandates
• among our discretionary accounts, whose large size enables a more dynamic management of assets

This implementation is being carried out by asset managers, each of them being responsible of a specific asset class within our discretionary mandates.

Control

The goal of such a control is to explain performance divergences in our managed accounts in order to apply the necessary corrections.