Incorporation of ESG considerations into our active equity processes is a given. As an eleven-employee firm, where all employee are shareholders (directly or indirectly) and there is only one external shareholder, there is an across-the-board understanding of all of the companies activities by all employees and board memebers (the Chairman, CEO and CIO are employee directors and there are two external directors (employees of the external shareholder).
'C' level employees propose the business plan (annually) - including proposed investment strategies - to the board, and report on progress against that business plan and investment strategy performance to the board each quarter. Along with the COO's involvement in compliance and performance analytic functions, this is the basis of board memeber and 'C' level oversight functions.
The Investment Committee is involved in both oversight and implementation - determining or endorsing the research agenda and strategy development; and reviewing progress. All members of the committee are employees.
Investment analysts are responsible for researching investment metrics for incorporation in our investment strategies and, in conjunction with portfolio managers, for determining best practice with regard to how those metrics are best incorporated in investment strategies.
Portfolio managers are responsible for day to day decision making at the portoflio level. As a quantitative equity manager, the investment process is systematic, with discretion limited to within-bound decisions influenced by portfolio objectives, cashflows and the trading environment.
A number of employees have dual investment analyst/portoflio manager roles and/or participate as members of the Investment Committee. This underpins a solid flow of information between implmenetation and oversight functions while maintining an adequate separation of responsibilites.