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.
Institutional-grade coverage of hedge funds, liquid alternatives, and QIS in a single platform
Qualitative and quantitative analysis combined: strategy design, factor exposures, portfolio fit
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.
Ongoing review with defined monitoring criteria and escalation triggers
Attribution across sources of risk and return, not headline performance alone<
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
QIS in September: Rates Momentum Paid. Carry Lost the Lead. Breadth Broke.
September was not a conventional risk-off month. Growth remained resilient, AI-linked earnings held up and the Nasdaq advanced. At the same time, oil moved above $100, sovereign yields rose sharply and the dollar strengthened. For QIS, ...
8 min read
Every Day, the Market Hires a Counter-Trend Trader
The tape has been calmer than the news. Rates still unsettled, tariffs unresolved, an equity market leaning hard on a handful of AI names, and yet the S&P has spent long stretches grinding higher in tight ranges with the VIX pinned ...
8 min read
The market does not pay you for suffering
“You have to own this strategy through the cycle.” Fair enough. Good managers have bad years, and even a sound investment process can disappoint for longer than anyone would like. Selling every time that happens is unlikely to end well. ...
5 min read