In a first stage, we define our strategic allocation based on our own views of the macroeconomic environment and external research (hedge fund managers, external advisors).

The due diligence takes place in the second stage of the process. It consists in identifying and selecting the best talents of the alternative universe based on 20 years of experience in the asset class as well as our qualitative and quantitative analysis

Our objective is to evaluate the skills, the background and the operational risk of each hedge fund manager and identify the best risk-return ratio. The team at Heritage Alternative Investments conducts a continuous and rigorous due diligence and concentrates its efforts on a reduced universe of 100 hedge fund managers, allowing us to collect in-depth information on all our managers through regular on-site visits and daily contacts.

In a third and last stage we put the emphasis on quantitative techniques and risk management in order to diversify and monitor our various portfolios and managers. Our risk management tools enable us to confirm and drive our qualitative and strategic choices.

The investment process is ongoing as our hedge fund analysts continuously monitor and confirm the selected hedge fund managers.