Investment management

Investment management is a cornerstone of Perspecta’s business. We manage funds on behalf of our trust clients, as well as non-trust clients simply looking to a capable party with a history of wealth building.

Our clients have the ability to utilize Perspecta for all or just some of their investment management needs, and we are very receptive to partnering with other investment management firms in an effort to preserve pre-existing long-standing relationships. While we believe we have many good ideas within the investment arena, we fully recognize that we do not have a monopoly on good ideas and are always welcoming to learning more about constructive ways of working together for the benefit of our clients.

Investment mandates from our clients can come in the form of broad portfolio management, across a spectrum of asset classes, or in the form of just a discrete asset class, such as high yield bonds or private equity. In all instances, client portfolios are tailored specifically to their individual needs and objectives, and not assigned a one-size fits all model portfolio designed for the masses.


Alignment of Interests

It is something so simple yet exceptionally rare amongst today’s private wealth managers and advisors. It is also what differentiates us from our peers.

For more than three decades, Perspecta Trust, its affiliates, and predecessors have been investing money for its principals across asset classes. The strong results we have achieved are a function of our global network, diligence capabilities, operating knowledge, and ability to anticipate.

As operators, we are acutely aware of the costs involved in portfolio management: management fees, expenses, trading costs, and taxes to name a few. Our entire process is focused on delivering strong net of fee, net of tax returns to our investors.


Our Investment Team

Perspecta Trust and its affiliates comprise a total of twenty investment professionals, fourteen of which hold the Chartered Financial Analyst (CFA) designation. We collectively manage or administer over $17 billion in assets as of December 2015.


What We Do

  • Holistic Asset Management
  • Portfolio Construction
  • Risk Management / Scenario Testing
  • Manager Sourcing and Diligence
  • Direct Private Equity Sourcing, Diligence, and Structuring
  • Income Investing
  • High Yield Corporate Debt
  • Direct Private Debt
  • Public / Private Partnerships
  • Tax Minimization via Asset Placement

Our Approach

We structure our portfolios with a clear separation between beta (the market return) and alpha (excess return). To achieve market return, we typically favor low-cost, passive index funds for exposure to efficient asset classes – those in which managers have a relatively low probability of beating market returns over an intermediate to long-term period.

We augment our market exposure with alternative assets that we believe will produce above-market returns over the intermediate to long-term. Those alternative assets may take the form of a direct private equity or debt investment (for those clients that can tolerate the illiquidity), a partnership with a world-class money manager, a passive investment with a third-party manager, or a publicly-traded mutual fund or exchange-traded fund.


Our Process

We are advocates of goals-based investing – not necessarily “shooting for the moon” with even long-term assets but rather understanding the goals you have for a particular pool of investment capital and judging our success based upon achieving those goals with that capital. Our process begins with a thorough evaluation of those goals, your financial position, liquidity needs, and risk tolerance.

Once we fully understand your goals, risk tolerance, liquidity needs, and tax considerations, we draft an investment policy over a series of iterative steps with you and your team. The policy serves as agreed upon guidelines towards management of capital and clearly defines asset allocation targets, significant investment considerations, and constraints. We stress-test that policy over various market cycles and regimes to assess the probability of meeting your goals. Assuming the portfolio meets your objectives, we begin implementation.

We monitor portfolios daily and assess performance on a net-of-fee, after-tax basis. We provide clear, comprehensive, and customized reporting on a monthly or quarterly basis. We also provide real-time access to client accounts via our online portal.