PORTFOLIO MANAGEMENT
Portfolio Management for Sophisticated Investors
Odyssey provides discretionary and advisory portfolio management for sophisticated investors who want a professionally managed portfolio with direct access to the investment team. Portfolio mandates can stand alone or incorporate Odyssey’s specialist options-overlay capability where appropriate.
THE MANDATE DEFINES THE PORTFOLIO.
Odyssey’s role is to translate the client’s objectives and constraints into a practical portfolio structure, then manage that portfolio within the agreed mandate as markets and circumstances evolve.
OBJECTIVES & CONSRAINTS
Define return objectives, income needs, investment horizon, liquidity requirements, tax considerations, restrictions and risk tolerance.
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ASSET ALLOCATION
Determine an appropriate strategic and tactical allocation across asset classes, geographies, currencies and risk factors.
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SECURITY SELECTION
Select suitable securities using Odyssey’s due-diligence and approved-investment process, taking account of implementation costs and tax efficiency.
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ONGOING MANAGEMENT
Monitor performance, risk, liquidity, leverage, cash and market developments, adjusting exposures when the mandate or market conditions warrant.
DISCRETIONARY SERVICE
Odyssey manages the portfolio within the agreed mandate, implementing investment decisions and ongoing adjustments without requiring separate approval for each transaction, subject to applicable documentation and regulation.
ADVISORY SERVICE
Odyssey provides portfolio and security recommendations while the client retains control over whether and how to implement each recommendation.
PORTFOLIO CONSTRUCTION
Diversification is more than owning many securities.
Where suitable and separately mandated, portfolio-management clients can also access Odyssey’s actively managed options-overlay capability so the overlay can be managed within the overall portfolio relationship.
Risk dimensions
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ASSET CLASS
Equities · Bonds · Cash · Funds
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GEOGRAPHY
Global · Asia · US · Europe
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CURRENCY
Base and foreign-currency exposures
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LIQUIDITY
Access, dealing frequency and position size
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CONCENTRATION
Single-security, sector and theme exposure
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OPTION OVERLAYS
Where suitable and separately mandated
Investment process
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Establish the client’s objectives, constraints, existing assets and required service model.
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Build the strategic allocation, identify suitable securities and define implementation priorities.
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Transition the portfolio in a controlled manner, considering liquidity, tax, market conditions and execution costs.
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Review exposures, performance and portfolio risks, and communicate material decisions and developments.
A PORTFOLIO SHOULD REFLECT THE INVESTOR BEHIND IT.