Research and Selection Support
Over 15 years of direct alternatives research — hedge funds, liquid alternatives, and QIS. Independent and open-architecture.
Rigorous manager research, built into a process you can defend.
Fifteen years of alternatives research. A systematic framework. A network that goes well beyond the prospectus. We support investors in identifying, evaluating, and overseeing alternative managers — with the depth to make the decision, and the documentation to justify it.
Selecting a manager is the easier half. Governing the allocation over time is where most processes fall short.
How do we build a selection process rigorous enough to withstand internal and regulatory scrutiny?
How do we distinguish genuine, repeatable skill from beta dressed as alpha?
How do we monitor allocations continuously — and act when the evidence demands it?
Research infrastructure that you can see and use
Ensemble, our proprietary research platform, covers 3,000+ hedge funds, absolute-return UCITS, and QIS strategies — combining quantitative and qualitative analysis into a documented, defensible research record. Clients draw directly on its analytics and monitoring infrastructure.
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Institutional-grade coverage of hedge funds, liquid alternatives, and QIS in a single platform
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Qualitative and quantitative analysis combined: strategy design, factor exposures, portfolio fit
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Reporting, monitoring alerts, and IC-ready documentation built into the workflow
Governance that continues after the decision is made
A manager right twelve months ago may not be right today. Strategy drift, personnel change, and factor shifts all affect whether an allocation is still earning its place. We monitor continuously. When something changes, we say so — with the evidence documented.
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Ongoing review with defined monitoring criteria and escalation triggers
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Attribution across sources of risk and return, not headline performance alone
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Liquidity, fee, and mandate compliance tracked over time and reported clearly
We publish our thinking. That is part of the process.
The depth of our manager research is visible in what we write. Our Insights programme covers the structures, failure modes, and fee dynamics of alternative strategies — in the kind of detail that typically stays in an investment committee room. It is part of how we show our working, and part of what makes our selection judgments credible.
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The 27 biggest operational due diligence failures that shook institutional allocations
- Quant Hedge Funds: A Due Diligence Framework by Strategy Types
Read our thinking
Monthly QIS Review - March 2026
March delivered a classic energy-shock regime: sharp moves in oil and rates dominated cross-asset behavior, and QIS outcomes largely followed the playbook—trend and convexity held up, while carry, liquidity, and credit risk premia ...
5 min read
Systematic Multi-Strategy vs. Discretionary Pod Platforms: Different Engines, Different Risk
The drawdown that rattled markets in March — triggered by a sharp escalation in Middle East tensions and rapid repositioning in energy and rates — did something useful. It separated two structures that are routinely grouped under the same ...
8 min read
Performance Fee Fairness: What Hedge Fund LPs Actually Pay
Two investors can subscribe to the same hedge fund, on the same headline terms, and still end up paying different effective performance fees. That is not a legal curiosity. It is a portfolio issue — and it deserves more attention than most ...
8 min read