Unigestion’s investment philosophy relies on the following convictions:

• Hedge Fund due diligence requires the skills of different specialist teams (Reputation, Strategy, Operational and Legal);
• Mistakes can be avoided by challenging qualitative decisions with quantitative analysis;
• Selecting the right funds is key. Assembling them in an optimally diversified manner is essential;
• Careful liquidity management is paramount to respect our promises to investors.

Unigestion’s investment process combines a top-down and a bottom-up process. The top-down part of our investment process is both qualitative and quantitative and relies on the combination of:

• Long term risk/return portfolio optimization combined with our fundamental strategic views;
• A tactical style allocation meant to capture shorter term market opportunities.

We then apply a rigorous process to select distinctive funds within each strategy. Our due diligence process addresses four separate aspects:

• Reputation due diligence: assess manager’s ethics and behaviour;
• Strategy due diligence: assess manager’s skills in opportunities and risk management;
• Operations due diligence: assess business sustainability;
• Legal due diligence: assess the suitability of the legal documentation of the fund.

Each part of the due-diligence is performed by an independent team with its own veto right.

Finally, we build portfolios resulting from this combination of allocation decisions and underlying funds selection. For each portfolio, we establish quantitative risk limits to ensure proper diversification and take into account liquidity and capacity constraints. Unigestion’s Risk Committee monitors counterparty risk, both at the company level and at the level of each fund in which we invest.

This approach, continuously refined over our 25 years of experience of investing in Hedge Funds, offers our clients the protection of multiple independent analyses associated to the benefits of several sources of value added.​​​​​