Dolfin has its model performance for the year ending 31 December 2019, with strong performance across the board.

Seven of the nine portfolios outperformed their reference indices. The USD and EUR Balances portfolios in particular achieved a return gross of fees of 15% and 13.8%.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

The portfolios are constructed on an absolute returns basis, allowing holdings to be more diversified across asset classes and geographies, and less constrained versus relative return investors.

Despite equity volatility being high in 2019, the portfolios avoided this owing to the team’s freedom to reduce equity exposure earlier in the year. The team was overweight fixed income in the second half of the year and built up some of the satellite holdings in equities that sit within its thematic ideas.

Reference indices are based on a target spread over inflation that differs depending on the respective risk profile: conservative, balanced or growth.

The macro-valuation-sentiment-technical (MVST) framework provides the structure around which the portfolios are constructed, enabling Dolfin to avoid holding equities when they appear overvalued. By employing multiple time horizons within models, the team has also navigated the volatile markets.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Later this month, Dolfin will release its Q1 2020 investment outlook with full details of the performance of all its portfolios, including its views on what to expect from markets in the months ahead.

Dolfin head of investment management, Simon Black, said: “We are pleased to have delivered strong outperformance for clients across the vast majority of our portfolios. Our thematic ideas all contributed to the positive performance, and our ability to adjust duration exposure within the portfolio, through the use of interest rate futures, sees us combining an institutional investment approach with private client service. We see this combination is a true differentiator.”