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Portfolio strategy: The portfolio strategy component of investment management is comprised of strategic asset allocation and investment level steering.
Strategic asset allocation is designed to provide a framework for long-
Investment level steering is defined as the development of an investment plan to achieve and maintain the desired private markets exposure for the client based on our understanding of cash flow patterns of different private markets investments.
Portfolio implementation/relative value: Once the portfolio strategy has been established, our “relative value” investment strategy is designed to identify the most attractive investment opportunities at a given point in time, based on an understanding of key return drivers and the market environment.
While the relative value approach offers the potential for attractive risk-