- Our approach
- Our values
- The investment process
- Administration
- Company visits
The investment process
Individual investment managers at JM Finn & Co have a very considerable degree of freedom and flexibility in their decisions.
We have always believed that any investment decision must be driven by the requirements of the individual client and the personal convictions of the investment manager. We do not impose any “off the shelf” solution.
Our investment process’s focus is therefore to assist the individual manager to achieve these aims. Our investment process aims:
- To encourage the generation of high quality investment ideas
- To ensure these ideas are communicated efficiently around the Firm
- To ensure that the risk factors associated with any ideas are properly assessed
The process includes various meetings which form its framework and within it, investment managers can fulfil their responsibilities to clients with freedom and creativity.
The general approach starts with asset allocation. At this very highest level, many of the investment decisions are driven by such basic factors as risk profile and yield requirements. To a certain extent, investment decisions are therefore subject to criteria beyond those of pure investment analysis.
Some asset class weightings are pre- or proscribed by the investment objectives and needs agreed with the client: e.g. fixed interest weighting; the credit grade of fixed interest securities held; and the market capitalisation of equities held within the portfolio.
In implementing this approach, the investment managers have significant resources at their disposal:
- All have direct access to research from dozens of external sources, from the largest global investment banks to more locally focussed regional firms;
- This is supplemented by information such as fundamental data from company accounts and a wide range of journals from around the world;
- Our in-house research capability draws on sell side research, fundamental industry analysis and meetings with companies to produce investment recommendations;
- We set great store by actually meeting companies, rather than just reading about them. Our Senior Research Officer accordingly arranges for various companies to present in-house to investment managers.