Describe how you incorporate asset owners` investment principles into the manager selection process.
As we limit our clients in order to offer a dedicated and high quality service, we can afford to tailor our service to our clients more effectively. We also have more time to better understand our client's objectives, needs and risk tolerance. Our manager selection process is therefore tailored to each of our clients taking into account their specific fund structure, investment beliefs and principles, existing policies and existing constraints. For example, we have set an investment strategy framework that incorporates ESG and other factors in the decision making process. We have determined the factors that are the most important to the client when selecting managers and asked them to rank the factors in order of importance. If "Positive Social Impact" is rated more highly that "Expected Return" for example, our manager selection process will be tailored accordingly.