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Sukha & Associates

Service Providers Framework 2020

You are in Investment Consultancy » Manager selection and monitoring

Manager selection and monitoring

IC 12. ESG in manager selection, appointment and monitoring

12.1. Indicate whether you incorporate ESG factors into your manager selection and monitoring services.

Manager selection service

Manager monitoring service

12.3. Additional information. [OPTIONAL]


SELECTION

IC 13. Manager selection activities

13.1. Indicate what activities you undertake during the process of selecting a manager.

Research and screening

Strategy

ESG people/oversight

Process/portfolio construction

Selection process and reviewing documentation

13.2. Indicate whether you use any of the following scores or targets in your manager selection process.

13.3. Additional information. [OPTIONAL]


IC 14. Incorporating asset owners’ investment principles in selection of manager

14.1. 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.
        

14.2. Additional information. [OPTIONAL]


IC 15. ESG in selection due diligence (Not Applicable)


IC 16. Monitoring investment managers on ESG

16.1. Indicate whether you set any of the following to measure compliance/progress, or use the following information to review and evaluate the investment manager.

Setting measures for the investment manager as part of the monitoring process

Reviewing and evaluating information from the investment manager as part of the monitoring process

16.2. Describe how you raise and manage concerns when monitoring investment managers on ESG factors.

          We will engage with the manager usually in writing to ask further questions and raise concerns, especially if the issue is significant and in breach of the client's investment principles. We will conduct an on-site visit if necessary and invite the manager for a report back presentation to the client. On certain proxy voting issues, we have instructed the manager on behalf of clients to vote in a manner that is consistent with the client's ESG principles or RI policy. Asset managers are generally requested to report back on our clients' Responsible Investing Policy on a "comply or explain" basis. This allows us to raise concerns and engage further with the asset manager.
        

16.3. Additional information. [OPTIONAL]


IC 17. Reporting back to asset owners

17.1. Indicate whether you report back to asset owners on your manager selection and/or monitoring activities.

17.2. If yes, describe how you report back and the frequency.

          We meet or discuss our monitoring activities with the Principal Officer on a regular basis. Material issues are usually reported at the Investment Committee meetings and/or before a manager report back session. On request, we share our detailed due diligence work with clients. We occasionally send out the manager's response to our RI due diligence questionnaire to clients.
        

17.4. Additional information. [OPTIONAL]


IC 18. Demonstrating value on manager selection, appointment and monitoring

18.1. Describe how you measure, track or otherwise demonstrate your value on manager selection and monitoring services.

          For clients to whom we provide reporting services, we generally provide monthly performance reports and fact sheets and present a performance update at every Investment Committee and/or Board of Trustees meeting. We measure the fund's overall performance relative to their objectives and measure individual mandates relative to their benchmarks and peer groups where applicable and relevant. We also keep a record of when we recommended selection or deselection of a manager and whether this added value or not.
        

18.2. Additional information. [OPTIONAL]


IC 19. ESG in manager selection, appointment and monitoring (Not Completed)


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