OVERVIEW

The ACPI Balanced UCITS Fund is a global asset allocation vehicle, oscillating between equities and bonds over a classic capital market cycle (~5yrs) via collective investment schemes.

Best of breed

There is an abundant array of talent out there, we aim to unearth and encapsulate that talent into an asset class and geographically diversified portfolio.

A global reach

Experience and travel have shown that it is often the smaller, less publicly known, dedicated investment boutiques which consistently outperform their respective benchmarks over time. It is these investment opportunities that we seek to identify while avoiding the benchmark-hugging, mediocre, asset gathering offerings present on many wealth managers platforms.

Longevity

Having managed multi-manager solutions for over a decade and through two full market cycles, ACPI has been internationally recognised by a number of the fund industry’s leading rating agencies.

Questioning the cycle

By bringing a selection of the very finest active fund managers across all asset classes into a blended fund of fund portfolio, the ACPI Balanced UCITS Fund aims to navigate the ever changing market cycle.

OPPORTUNITY

There is an abundant array of investment management talent out there; we aim to unearth and encapsulate that talent into a portfolio that is diversified across both asset classes geographies.

As investors we are primarily allocators of capital, rather than fund selectors. We therefore aim to combine two key aspects of multi-manager investing:

  • Active manager selection;
  • A robust internal asset allocation framework

We favour a concentrated portfolio of 10-15 managers with a solid and often repeatable investment process over the market cycle.

Adequate diversification is achieved at the aggregate portfolio level through the diversified nature of the Balanced Fund’s underlying managers which have exposure to the broad asset class spectrum.

We insist upon high levels of transparency and liquidity from our managers, as well as continuous dialogue.

PHILOSOPHY

Patience: We seek to deliver returns over the long-term, avoiding the human tendency for instant gratification

Independence: We make up our own mind and do not allow others to make it up for us

Caution: We believe the key to making money is not losing it; we focus more on what can go wrong within manager selection than what might be right

A back-to-basics approach: We believe the most important requirement for investing is a healthy dose of common sense

STRATEGY

BACKING CONVICTION

Our approach favours forming a relatively concentrated portfolio of 10-15 specialist investment boutiques with a solid and often repeatable investment process over the market cycle. Generally, such firms tend to operate with a smaller asset base where performance is the primary objective.

CHALLENGING CONSENSUAL THINKING

We believe that large asset bases are a structural impediment to longer-term consistent outperformance. We also believe that managers within larger organisations are often restricted by tracking error limitations and often refrain from backing ‘high conviction’ calls as a result of ‘career risk’.

PROPRIETARY & EVOLUTIONARY SCREENING PROCESSES

We carry out a rigorous initial manager selection process combining both qualitative and quantitative assessments of both the manager’s investment pedigree and strategy guidelines. The on-going monitoring of invested managers is a continuous process and utilises our proprietary manager portfolio valuation screening methodology throughout . Our process is evolutionary, ensuring that we remain at the forefront of product innovation given the ever changing dynamics of the investment world.

QUANTIFYING RETURNS OVER THE LONG TERM

Equity managers implementing a high return on invested capital investment philosophy form the core of the equity composition over the cycle. We believe that companies with above market ‘quality’ ratios (High ROIC, ROE, sustainable operating margins and attractive dividend yields) compound over the long-term and provide investors with downside protection due to their inherent ‘franchise’ qualities and resilient business models. However certain styles are likely to provide compelling risk-reward opportunities at certain points in the cycle, we aim to capitalise from such opportunities when they arise.

KEY FUND INFORMATION

Investment manager
ACPI Investments Limited
Launch date
30 June 2000
Annual management fee
0.75% for Institutional Classes: USD, EUR, GBP, CHF 1.50% for Retail Classes: USD, EUR, GBP, CHF
Performance fee
None
Minimum investment
100,000 - USD, EUR, GBP or CHF (Institutional share classes) 2,500 - USD, EUR, GBP or CHF (Retail share classes)
Currency classes
USD, EUR, GBP, CHF
Subscriptions
Daily
Lock-up
None
Redemption terms/fee
Daily/none
Fund structure
UCITS Ireland
Fund manager
Link Fund Manager Solutions (Ireland) Limited
Administrator
Link Fund Administrators (Ireland) Limited
Custodian
BNY Mellon Trust Company (Ireland) Limited
Auditor
Deloitte

LATEST QUARTERLY COMMENTARY

Team

ACPI Investment Managers

At ACPI Investment Managers we have built a team of experienced professionals with strong investment backgrounds and significant market expertise. We use strategies to ensure provision of the highest standards of investment advice on all levels.
MEET OUR TEAM

Awards

ACPI Investment Managers

WEALTH BRIEFING AWARDS EUROPE 2016, 2017 & 2018 WINNER

Specialist Wealth/Private Investment Manager Under £5 billion AuM

SEE ALL AWARDS

Questions?

Please feel free to contact if you have any questions.

ACP Investment Partners LLP is an unregulated Limited Liability Partnership and promotes the regulated financial services of ACPI Investments Limited (ACPI IL) & ACPI IM, which are authorised and regulated respectively in the United Kingdom by the Financial Conduct Authority and in Jersey by the Jersey Financial Services Commission.

This promotion has been approved by ACPI Investments Limited (FCA Register IRN 192403).

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