Investment research is a significant strength that Ascension Investment Management brings to our clients. Manager research is as much an art as a science, and requires dedicated personal attention from senior, experienced professionals. Our investment team is dedicated to independent investment manager research and is responsible for sourcing investment opportunities, performing due diligence, and making investment allocation decisions.
Our investment directors each have on average 20 years of investment industry experience. Three of the five are former CIOs with experience in building a fully diversified portfolio and managing the associated risks.
Our five investment directors, together with our CIO and Senior Director of risk management and asset allocation comprise our internal Investment Committee. The Investment Committee is charged with determining market views that we want to express in our portfolios, vetting new investment manager recommendations prior to final approval by the CIO, and scrutinizing current managers and related risks and biases being expressed in the portfolio. Collaboration across the investment team is a key component to building an effective portfolio, not only to access the shared knowledge of our investment personnel but also to be aware of risk concentrations that might overlap different asset classes.
Each investment director:
- Sources and conducts extensive due diligence on each manager they select
- Builds portfolios based on their market knowledge, understanding of the underlying risks and biases within the portfolio, and assessment of how a strategy should perform in various market environments. (Investment directors may opportunistically tilt portfolios in response to shifting growth and inflation conditions and other macroeconomic risk indicators)
- Analyzes manager-level risks, exposures, performance metrics, organizational strengths/weaknesses, and the expertise of the managers that we select. (Each investment director has in-depth knowledge of the managers for which the director is responsible through frequent portfolio updates and regular on-site visits)
- Analyzes position-level risks within each of the portfolios that we manage
- Reacts quickly to unfavorable changes at the manager’s organization, such as unexplained underperformance, organizational/personnel changes at a firm, significant asset growth, or strategy divergence