Funds
At Counsel, our funds are created with risk management as a key objective.
Counsel Funds are simple in structure; investment firms that are independent of Counsel are carefully selected, and then combined in such a way as to reduce risk within their mandates.
Our role is to constantly monitor, audit and report on the management teams to determine if they are still appropriate for their mandates. Counsel will terminate and hire managers to ensure that expectations for risk-adjusted returns over a market cycle are met.
Rather than hiring our own internal managers, Counsel contracts the management services from several management firms. This allows us to select from the top ranks of investment management in other firms – akin to cherry picking the best fruits from various orchards and putting them in your basket. We believe a firm that only selects from its own internal talent pool is hampered in its ability to create portfolios that best meet investors’ needs.
Selecting from outside specialists gives Counsel investors the benefit of their expertise, experience and knowledge. It also provides the freedom to replace managers who do not meet Counsel’s standards for risk management, performance and adherence to investment style.
Counsel maintains a farm team with which to replace managers who do not meet their objectives.
Common traits of Counsel selected investment teams
- Long tenure
- Independence of investment management
- Concentration of best ideas
- Consistent philosophy and discipline
- Strong investment team structure
- Demonstrated risk management and performance
Features & Benefits
- Clearly defined and simple structure
- Independent investment management held accountable for risk, return and discipline
- Risk managed structure
- Counsel’s due diligence and monitoring process
- Clear and concise reporting and communications