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
The Private Credit Liquidity Reckoning
Semi-liquid private credit vehicles promised investors the yield of private lending with the flexibility of periodic redemptions — and the first quarter of 2026 demonstrated, with uncomfortable clarity, that this promise has structural ...
8 min read
After the Correlation Shock: How March 2026 Broke — and Reshaped — a Popular Vol Trade
March 2026 delivered one of the worst monthly returns for equity dispersion strategies in over a decade — with a JPMorgan index tracking the trade down 4.9%, driven by a geopolitical shock that pushed implied correlation sharply higher. ...
8 min read
What Jürgen Habermas Taught Us About Better Investing
Under what conditions can human beings reason together toward better decisions? It is a difficult question — and, for anyone who has sat in an investment committee, a familiar one. Jürgen Habermas spent seven decades asking it. He died on ...
6 min read