Portfolio Structuring
Portfolio management solutions for institutional investors
We enable investors to identify and capitalise upon alpha opportunities in Africa through construction of independently managed, risk-adjusted portfolios more effectively. Our portfolio structuring capabilities enable investors to directly match internal capital requirements with underlying asset liquidity and thus enter into investments with a clearly defined exit strategy. Investors maintain complete look-through and total control of their underlying portfolio whilst accessing Altree Capital’s asset management expertise. Positions are actively monitored and independently verified for concentration risk, style drift, strategy overlap, and policy compliance, among numerous other factors.
Institutional SMA's
Delivering transparency, ownership and control to institutional investors across the globe
Our institutional SMA platform greatly reduces the risk of investing in alternative strategies as it enables investors to segregate operational from investment risk. Institutional management of captive limited-liability structures offers increased transparency and control while reducing much of the headline risk associated with offshore investing. By shedding light on many of the opaque fees and expenses associated with investing across the African capital markets, the platform provides surety and comfort to institutional investors across the globe.
Integrated Process
Planning, execution and client feedback
The integrative nature of portfolio management contains numerous feedback loops and allows managers to be as rigid or flexible or as quantitative or qualitative as they desire. In effect, there is no end point to the investment process, only evaluation of performance that may indicate a need for rebalancing.
We assist institutional investors as they seek to evaluate their level of involvement in the African capital markets. Our process entails:
- Evaluating investor and market characteristics
- Developing an investment policy statement
- Determining the appropriate asset allocation strategy
- Measuring performance and attribution
- Monitoring, rebalancing and ongoing risk management
Portfolio Transparency
Transparency breeds confidence
We deliver unparalleled transparency via reconciled pricing and independently-verified position level detail. Price discovery allows investors to optimise allocations while accounting for issues such as illiquidity and currency risk. This can be especially useful for investors seeking to minimize the risks associated with position concentration and unwanted country exposure.
Liquidity Management
Liquidity analysis and control implications
Liquidity is a key consideration for investors in Africa as marketability discounts for individual stocks are highly variable and may be as high as 50% of listed value. Investors benefit from our skill, expertise and in-house proprietary systems when attempting to gauge prevailing market conditions, exchange considerations, currency controls and execution cost. We take into account numerous factors, including: impact of potential buyers, block size, dividend payments, put rights, access to information and restrictive transfer provisions, among others.
LAtest Company News
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Altree Capital successfully invests in Kasha
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Africa Opportunities Impact Fund COVID-19 Report
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