Tim G. Orchard

SW1 is an active, team-based manager which utilizes a multi-strategy approach to target absolute returns with low correlation to equity and fixed-income markets, integrating macroeconomic fundamentals (business cycle dynamics, structural economic, social and technological shifts, the impact of government monetary, fiscal and regulatory policy, and geopolitics), market themes and technical conditions to identify investment opportunities. In pursuing market themes, the firm evaluates market commentary, research and professional press, analyzes investor perceptions and flows, and identifies key market drivers. They examine technical conditions, monitoring price action, momentum and emerging trends, gathering available investor positioning and sentiment data and set stop loss and target levels. SW1 identifies the asset class that is most directly impacted by the view and conducts relative value analysis to optimize the best risk/reward trade, most asymmetric pay-off profile and then selects between an outright position or option strategy.

Boyer Allan is an alternative investment manager following a long/short equity strategy based on in-depth research. The firm invests primarily in Asian equity, focusing on the Pacific Rim, Japan, Taiwan, Hong Kong, India and China. They also invest in index derivatives. Boyer Allan's investment philosophy emphasizes market liquidity, a long bias and dynamic balance-sheet management. Their investment process consists in bottom-up stock picking within a universe of companies screened for value and technical factors, focusing on liquidity. In-house research capabilities are complemented with outsourced analysis. Company visits are determinant. The firm targets above average capital gains and follows a broad-based strategy across sectors. The firm considers risk on an absolute basis, uses tactical index hedging and broad currency hedging to base currency. Portfolio managers are performance-incentivized with a reinvestment obligation. The Greater China portfolio is managed out of the Hong Kong office, with frequent conference calls with the London headquarters to assess the fund's investment themes, risk exposure and the regional and global macro environment. The firm aims to profit from long-term structural growth in China and invests in Chinese stocks traded below their intrinsic value.