Our consulting team works with clients to gain a full understanding of their investment philosophy and risk tolerance, and to clarify, develop and document their beliefs and ideas about investment policy and fund structure in a Statement of Investment Principles and Beliefs which would include the following:

I Mission Statement

II Definition of Risk

• Identification of relevant performance related issues
• Selection of benchmarks

III Capital Markets Issues

Active/Passive
   Balanced/Specialty
   Regional Specialty/Core-Satellite

Market Timing
   Tactical Asset Allocation
   Tactical Country (Regional) Allocation
   Tactical Currency Allocation
   Tactical Sector Allocation

Style Bias
   Value/Growth
   Large Cap/Small Cap
   Disciplined/Eclectic

Diversification by
   Asset Class
   Geographical Region
   Manager Style

Rebalancing Mechanisms
Sector and Security Limits
Performance Monitoring Policy
Targets of the Total Fund and Asset Classes