Strategies
Each strategy is run by the same partners, from the same research, with the same fee terms. What changes is how much volatility you are willing to sit through, and for how long.
Still Life with Oysters, a Rummer, a Lemon and a Silver Bowl
Willem Claesz. Heda, 1634
Mandates
Most families hold one mandate. Some hold two, for different generations or purposes. The charts show an indicative range of outcomes over ten years, not a forecast.
A concentrated portfolio of eighteen to twenty-five global businesses with durable advantages and owner-operators. Built for capital that will not be needed for at least a decade.
High-quality sovereign and investment-grade credit alongside a small sleeve of dividend compounders. Designed to fund a household or foundation reliably, year after year.
Roughly sixty percent in the Growth equity book, forty in the Income book, rebalanced only when the drift exceeds ten points. Our most common mandate, and our only one below $2M.
Shaded areas show an indicative range of portfolio values over ten years, from a simple lognormal model using each strategy's long-run return and volatility assumptions. They illustrate relative risk only and are not a forecast or guarantee. All mandates carry the same terms: no management fee; 15% of gains above a 6% hurdle; high-water mark.
What every mandate shares