Challenging Asset Management Conventions At UK's Fulcrum

Tom Burroughes

24 May 2023

Big market moves and the nerve-jangling impact of bank failures and rising interest rates mean that smart asset management needs more tactical flexibility and willingness to break with old ways of thinking, according to UK-based .”

Abdoula spoke shortly before the firm announced that Patrick Forde, Gerin Tertilt and Filippo Cartiglia were joining the partnership, bringing the total number of partners to 18.

The business has also marked the five-year milestone of its Diversified Liquid Alternatives (DLA) Fund, an unconstrained portfolio investing across real assets, alternative credit and diversifiers offering daily liquidity with no performance fees. It has clocked up annualised net of fees return since its inception in May 2018 of 3.2 per cent. The strategy aims to deliver returns that are complementary to equities and bonds, and to deliver returns independent from the investment environment.

The firm oversaw £5.2 billion (about $6.4 billion) in assets under management as at 31 March 2023.

Diversity is our strength
Much of what the firm aims to do is creating that nimble mindset to protect clients’ wealth.

“In an inflation-fighting world, an environment where equities and bonds go down, and the dollar is going up, is a reasonable story was more significant in macroeconomic terms, because it related to how deposits have leaked from the bank system to go to money market funds, Abdoula said.

“When it comes to bank runs and depositor flight, they are not things we can predict….it is important to reassert confidence in the banking system. We don’t see an asset quality issue in the banking system,” he added.