Who Said What And When

For traditional bonds and stocks there are a number of packages out there to support the core strategy. But for alternative assets you have to customise much of the software that you utilise to fit your investment process

It is incredibly difficult to differentiate between luck and skill; what we try to do is identify how much of the return is due to skill and how much is luck. Unfortunately when you look at a fact sheet there is no attribution block which says "of these returns 80% were skill and 20% were luck"

Back in the 90s when I started in the industry we built just about everything - I grew up building trading systems and order management systems from scratch. But that really doesn't make sense in today's marketplace - our proprietary development tends to be on the very front-end of a platform

You also have to deal with a number of technologies and all the conversations are technology based. You need to know when you're being 'told a story'

We didn't want to partner with some of the bigger firms where we would have been a small fish in a big pond. We are one of their top ten UK customers and we wanted to have enough clout to do the things we wanted to do with them