What CA Looks For in a Manager

We identify managers that can demonstrate strength, stability, and a competitive advantage. Here is what we look for in a manager/firm:

Strategy and Process

 

  •  Clarity and viability of investment principles and strategy
  • Consistency of the investment process
  • Transparency

Competitive Advantage

 

  • Differentiated interpretation of information and data
  • Quality of investment models, intellectual rigor, and creative thought
  • Disciplined execution of investment strategy

Organization

 

  • Commitment to product
  • Thoughtful management of firm assets
  • Alignment of firm ownership, economics, and succession plan with clients’ interests

 

Personnel

 

  • Individual skills and experience
  • Sufficient resources (i.e., human, technological, and financial)
  • Experience, talent, chemistry, and stability of the team

Performance

 

  • Performance relative to expectations
  • Consistency of performance relative to expectations
  • Historical return relative to risks taken

Risk Controls

 

  • Degree to which risks are understood, measured, and transparent
  • Risk oversight
  • Strength of compliance culture and procedures
  • Quality of operations and controls for the strategy

Terms and Fees

 

  • Fees competitive with peer group
  • Reasonable investment minimums and liquidity provisions
  • Availability of commingled funds