Russell Thompson

Markets Macro Asian Equity Markets Absolute Return The Cambridge Strategy aims to generate attractive risk-adjusted returns for its clients. Risk management is central to the firm’s culture. Our unique methods for managing volatility and “left side” tail and extreme risk are an integral component of our offerings. Our core investment capabilities lie in the following areas: Currency Alpha Programmes: 'We manage global, Asian, and emerging markets currency alpha portfolios and seek to achieve mid-teens returns over rolling three year periods. We expect these returns to be uncorrelated with other asset classes. Currency Overlay: We offer a choice of currency management solutions to help reduce risk and/or enhance returns via alpha strategies and through dynamic or passive hedging. Emerging Markets Equities: We manage a long only emerging market equity strategy that combines top down and bottom up components that seeks to outperform (over rolling three year periods) our benchmark index by 5% per annum with maximum tracking error of 8% per annum. Emerging Markets Macro: We manage an emerging market macro strategy and seek to generate (over rolling three year periods) absolute mid-teen returns through a blended exposure to currencies, equities and debt instruments. Asian Equity Markets Absolute Return: We manage a long/short Asian equity strategy and seek to generate (over rolling three year periods) absolute mid-teen returns. Key Features That Differentiate The Cambridge Strategy: Transparency: We want our clients to fully understand everything that we do. Our investment process is transparent. Risk management: The focus on risk management is at the core of everything we do. We analyse our tail and extreme risk with a set of internally developed tools that analyse downside risk. Risk management is embedded in each step of our investment process and reflects a heuristic combination of exposure limits, stop losses and quantitative methods.

 Our people and their experience: Our professionals have provided leadership in risk management throughout their careers. Our investment professionals have spent their careers successfully investing in currencies and emerging market equities. Our senior management has a long record of successfully managing investment firms. We understand that our investment process must evolve: To be competitive we must continuously adapt our investment processes and risk management tools. We have an active research programme tasked with addressing this challenge.

 Commitment to client service: We are committed to keeping our clients informed of our investment results and research activities. We have made significant investments in client service, operations and compliance. We view client service, operations and compliance as significant functions requiring constant vigilance.