Risky business - how trustees and investment managers can work together to manage offshore trust portfolios
With world markets in turmoil and volatility expected to continue for some time, the active investment management of offshore trust portfolios has become increasingly important. Investing for offshore trust portfolios can mean a more global approach, requiring the inclusion of a broader range of asset classes. Against a backdrop of challenging and volatile world markets, it is vital that risk tolerance and return expectations are discussed in detail when a new investment mandate is being established between a trustee and an investment manager. Investment managers need a full and clear mandate from the outset, but expectations can diverge, so it is particularly helpful to talk about the returns from various asset classes over recent times and longer periods. This conversation neatly leads on to the subject of risk tolerance, where a trustee’s idea of low or medium risk needs to be explored in the context of various asset classes and the possible returns achievable against this risk.
Smith & Williamson’s Alex Bowden (pictured first) and Henrietta Clarke (pictured second) offer their insights on how trustees and investment managers can work together to manage offshore trust portfolios in today’s difficult market conditions
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