DID YOU KNOW?
In conventional fund management a single fund manager typically takes full responsibility for the management of a portfolio. In contrast, the multiple-counsellor approach involves dividing the assets of each portfolio among several portfolio managers, called counsellors. These managers then make independent investment decisions and manage their portions as though they were separate funds, but with full transparency.
Pioneered by Capital Group in the US in the late 1950’s, the initial objective was to implement a system that would manage the growing size of their portfolios. In addition to providing scalability, they also found that the result, which was a blend of each manager’s best efforts, contributed to consistency of returns, continuity of management and reduced key-man risk.
Foord first implemented the multiple-counsellor system in 2009. Today, all Foord global funds are managed using this system.
Insights
20 May 2022
Celebrating ten years in Singapore
Foord Singapore has turned ten! The company started in 2012 when three South African staff members relocated to the city state of Singapore. Today, Foord Singapore has ten members of staff, including eight…
18 May 2022
FOORD INTERNATIONAL FUND — A FUND FOR ALL SEASONS
The Foord International Fund is Foord’s conservative, multi-asset global fund. The fund was launched in 1997 and celebrated its 25th anniversary last month. Portfolio manager BRIAN ARCESE reflects on the fund’s…