Sandy Dudgeon

CCM is an active, value-oriented investment manager which follows a bottom-up investment process and adopts a pragmatic approach. They try to anticipate the evolution of a company's stock by analyzing their business life cycle, taking into account global economic and market factors. The firm seeks to meet biannually with the companies in their portfolio. The firm's managers concentrate on their area of expertise, namely UK and European securities, fixed-income, multi-manager and alternative asset classes. They rely on external managers for other areas. CCM meets regularly with the companies in their portfolio and makes investment decisions as a team. Funds are managed to follow relevant industry indexes.

Thornhill is an active, flexible and pragmatic investment manager with a client-oriented and risk-adverse culture. They invest primarily in equity and fixed-income, complemented by hedge funds, private equity and real estate. The firm's investment managers focus on blue-chip equities and bonds in the UK and continental Europe. All other investments are delegated to third-party funds. Internal research is supplemented with reports from external sell-side institutions. Investment decisions are made by the fund managers, occasionally at the client's discretion. UK equity investments are benchmarked against the FTSE 100, while investments in the US are benchmarked against the S&P 500.