About
Philosophy & asset allocation.
We provide transparent asset management backed by a global macro investment philosophy. The thinking below explains how we allocate capital and why that decision, more than any single stock, drives long-term return.
95%
Asset allocation
5%
Stock selection
An illustrative emphasis, not a measured statistic: studies of diversified portfolios attribute most of the variability in long-term returns to asset allocation rather than security selection.
Allocation is the decision that matters
Our approach to the asset allocation decision begins with a thorough analysis of the global economy, focusing on market indicators and the international capital flows that drive every asset class. Decades of research on diversified portfolios attribute most of the variation in long-term returns to that allocation decision, not to which individual securities you pick.
An objective mindset finds mispricing
Experience has taught us that all asset classes become significantly mispriced at some point. An objective mindset, guided by liquidity, earnings, technical and sentiment indicators, helps us identify those periods and capitalize on them for our portfolios, rather than reacting to the headlines that move the crowd.
Every asset class, not just stocks and bonds
We consider the full set of opportunities. Alongside the traditional strategies of stocks and bonds, we allocate across commodities, gold, currencies and real estate, diversifiers that, used objectively, raise the probability of exceeding your investment goals.
Let’s start a
conversation.
Reach out to discuss how IceCap can shape a portfolio personalized to your goals.