Research and Selection Support
Over 15 years of direct alternatives research — hedge funds, liquid alternatives, and QIS. Independent and open-architecture.
Manager Selection
Every choice held to portfolio standard.
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
The Momentum Signal Works. The Momentum Trade Is Crowded.
Momentum has not stopped working. What has changed is what happens when it starts to unwind. The strategy’s tail risk is now endogenous to the size of the systematic complex that runs it — and most portfolios are still priced on a ...
6 min read
Most conversations about prepayment risk start too late
Someone says "mortgages," someone else says "negative convexity," and the room moves on as if the strategy has been defined. It has not. A prepayment-risk strategy is not simply a rates trade with mortgage jargon around it. It is a trade ...
10 min read
What the Hedge Leaves Behind
Quant equity market-neutral is the strategy everyone is adding to right now. Before you size up, there is one trade-off the track record won't show you. Market-neutral is not a binary property. It is a direction of travel — and one that ...
8 min read