Updated: Jan 17
This month we focus on the fund manager meetings we hold regularly. What do we discuss and why do we hold them?
Reeves Independent, in common with most of the investment world, uses cash as an asset allocation tool.
Fund meetings are attended by Rachael Simm, Thomas Donachey, and the investment graduate. Sometimes our external investment advisor, Ian Furtado, will also join to add his knowledge and expertise.
We meet the managers of the various funds that we hold within our portfolios around every six months, as we believe that it’s important to be kept up-to-date with what the funds are doing and if there are any issues that we believe need addressing. In the investment world changes happen quickly, so it’s important that we can address any potential issues as soon as possible to mitigate the risk to our clients.
The questions that we ask are focussed on what has happened in the fund since we last spoke, what is currently happening (any new positions/positions being sold), and their outlook for the next six months.
There are several points we look out for that would be raised as a red flag among the investment team during these meetings, such as: changes in management; too much or too little cash being held; or an unexplained change in performance. Any such issues would then be discussed at our next committee meeting to decide whether the fund should be kept in our portfolios.
Speaking to the fund managers highlights our commitment to our clients and our aim of being able to reassure them we have an ongoing and good relationship with the managers of the funds we use. It allows us to recognise opportunities and risks of the funds and react accordingly.
The articles are for information only and should not be construed as advice or a recommendation. The investment strategies mentioned are examples only and may not be suitable for your particular: circumstances, tax position or objectives. Please seek independent financial advice before taking any action.
No advice should be conferred from the articles. No action should be taken without independent professional financial advice as any actions on your pension may be irrevocable and have a big impact on your income in retirement.