Our Management Style
Risk control is the management foundation stone. All good investments should be followed by a comprehensive control of each position and of the whole portfolio. Without this, value can’t be added to management.
The creation of asset universes is the first step of management. Universes are created from a series of qualitative and quantitative criteria. Equities should be monitored according to established working criteria, which could be modified, and could be included in the investment proposals. In fixed assets, macroeconomic criteria are mostly used for positions either in the long or in the short run of the curve. For the inclusion in the universe selection, references values and specially the value of the underlying assets are also taken into account.
Selection is done according to created universes. Here risk criteria are considered; apart from other portfolio restrictions, criteria such as maximum risk in yield curves or more extreme scenarios, amongst others, are the basis for selection and inclusion.
Risk management is controlled in real time. The monitoring of risk criteria and factors can make possible that at any given time a position makes no more sense in a portfolio, even though its possibly attractive market value.
The object of the investment is the risk management.
