Services

Discretionary Investment Management

ACPI provides Discretionary Investment Management services for private clients, endowments, pension funds and sovereign wealth funds.

All portfolios comprise a mix of:

• External, best-in class investment managers selected and monitored by our 7 person external funds team
• Direct investments into Exchange Traded Funds, individual bonds and equities (where appropriate)
• Equities and bonds selected by ACPI’s award winning bond and equity fund managers

Portfolios are explicitly tailored to client objectives and are actively managed by a team lead by our dedicated Wealth Management Chief Investment Officer, Marco Pabst. Marco chairs a bi-weekly Investment Committee meeting which not only updates the “house view”, but screens each individual client portfolio to ensure consistency of underlying investments, performance, and risk management.

We firmly believe in building trusted relationships with clients for the long-term and are developing our business based on the principle of steady, compound returns. As such, we

• Explicitly avoid any type of “product push”: we eschew structured products and expensive solutions to simple investment decisions
• Sensibly mix active managers who we believe can deliver excess performance through security selection with cheap, exchange traded funds to provide market beta
• Actively place hard limits around the 20% mark on the proportion of any client’s portfolio invested in internal ACPI funds

We embrace “open architecture” and custody all assets at 3rd party custodians, with ACPI simply having discretionary power over the account – we cannot transfer funds in or out. Clients receive monthly reports from both ACPI and their 3rd party custodian, providing a multiple layer of security and risk management. Clients are free to choose the best custodian to meet their needs.

Our uniqueness lies in our ability to provide clients with the independence, transparency and alignment of interest of an investment management boutique with internal research teams (in the areas of 3rd party fund selection, fixed income, and equities) of the quality of a major investment bank.

We manage over $1.2bn in discretionary assets through this model. Our performance is ahead of both benchmarks and the peer group and we are happy to provide examples upon request.

Advisory

This service is for clients who want to benefit from the advice of ACPI investment managers, but who wish to retain decision making authority over their investment selections.

• Listed securities: We provide you with tactical research to complement core investment strategies. We also provide institutional quality trading capabilities and expertise, delivered with high personal service
• Fund selection: ACPI multi-manager research resources which seek to identify and monitor the best fund managers within each asset class or geography. This includes traditional long-only funds and such specialist areas as commodities, currency and hedge funds
• Foreign exchange (FX): Our FX and Fixed Income experts offer advice and execution for managing currency exposures and implementing tactical views
• Hedging: If you have specific equity or currency exposures, we can help you create an appropriate hedging strategy to minimise portfolio volatility

Execution Only

• Institutional Pricing and Transparency:
  • Through our funds, asset management relationships and thanks to the size of the assets which we manage, we have been able to negotiate institutional commission rates for private clients; these commissions represent a substantial saving (over 50% on average) compared to the standard commissions charged to individual private clients.
  • ACPI are paid out of the commissions generated: there is no extra charge for the access, information and advice provided by ACPI. The rebates to ACPI are transparent and disclosed upfront.
• Research: we create proprietary, original and creative research through our asset management teams. We have access to the sell-side research published by the majority of investment banks;   
• Service Quality: we are committed to the highest standards of service and coverage; we have a combined experience of many decades;
• Flexible Architecture, open platform: contrary to the majority of private banks, we are not tied (captive) to any specific bank providers. Consequently, we are able to pick and choose from each provider the best-of-breed products at the best possible conditions without ever being forced to “push” any deals which are in the interest of the banks rather than the client