Discretionary Asset Management – Cogent Asset Management

Discretionary Management Service

Introduction

Cogent Asset Management Ltd (Cogent) currently advises in excess of USD 120m. Funds managed range from Islamic Equity where the fund is the No 1 performing fund since launch 10 years ago with a 4 Star Morningstar rating, to income producing private funds based in Luxembourg. Asset management professionalism and preservation of client confidentiality are the cornerstones of our business, whether providing sophisticated fund management services to private equity and mutual funds or creating bespoke private portfolios for individuals. Today funds worldwide, select Cogent to support them for our experienced professional personnel, tailored services, and extensive network of institutional partners. Our clients range from billion-dollar fund managers to private investors. Each one receives our complete and focused attention.

Group Profile

Now in its seventh year and privately owned by its senior executives, Cogent Asset Management Ltd is a leading independent global investment advisor and fund manager based in Labuan, Malaysia with an associate office in Paris, France. We are regulated to provide fund management services by the Labuan Financial Services Authority with clients located in financial centres around the world such as Luxembourg, Dublin, and Guernsey (UK).

Cogent Asset Management Ltd, a specialist Fund Management boutique, was launched by Citywire AAA rated manager Ian Lancaster and Paul Bethell in September 2013. Utilising a proprietary quantitative strategy, Cogent is best known for managing the Award winning WSF Global Equity Fund launched over 10 years ago. In addition, Cogent manages a range of European regulated specialist investment vehicles and structured products which provide investors access to income producing assets.

Cogent has an excellent track-record of generating superior investment returns for clients, with an emphasis on risk management and transparency. Funds managed by the team have received top ratings from Citywire, S&P and Morningstar.

Discretionary Management Service

Cogent offers IFAs a range of risk managed and diversified portfolios suitable for use over the client’s financial life cycle.

Using the sophisticated the quantitative models for which Cogent is best known, clients benefit from active management and regular attention to their portfolios. Across asset classes the model portfolios efficiently utilise a range of ETFs, Mutual Funds, and direct equity amongst other securities. To ensure full oversight of the investment process and further benefit from diversification Cogent may allocate the model portfolios to Investment Funds for which Cogent is the appointed Investment Advisor

The aim of the model portfolios is to:

To achieve capital growth and income.
To achieve efficient diversification.
To maintain liquidity.

Each portfolio:

Is aligned to the client’s attitude to risk.
Aims to provide full liquidity within 30 days.
Providing consultancy and advisory services relating to corporate finance and financial planning for corporate clients.

Portfolio features:

A choice of 3 risk rated model portfolios.
Direct positions in equities, fixed income, and collective funds.
Low annual management charge.
Higher risk portfolios are available allowing clients to access growth opportunities.
Lower risk portfolios are available for a more conservative risk profile.
The portfolios can be accessed through a range of tax efficient wrappers (e.g. SIPP & ISA clients).

Investment Process:

Screen Morningstar universe, focusing on the best 1,000 ETFs globally seeking superior risk / return profiles combined with low ongoing fees.
The Cogent team then select Core Weights in the global equity and bond ETFs that are best suited to the respective fund profiles for the Conservative, Balanced and Growth Portfolios.
An actively managed Satellite Portfolio invests in the most attractive positions within the non-core ETF categories e.g. emerging markets, smaller companies, and real estate.
Each portfolio is rebalanced regularly.

The Model Portfolios

Conservative Portfolio

The Conservative Portfolio is essentially a defensive portfolio designed to minimise short term volatility, provide exposure to a diverse range of assets, and protect against inflation. The portfolio is 30-day liquid, although it is predominantly designed for clients with a 3-5-year time horizon.

Cogent Risk Tolerance Questionnaire Score	: 19-54
Benchmark	: 30:70 Equities/Bonds
Annualized Illustrative return*	: 6.5%
AMC of Portfolio	: 1.25% annually

Cogent Risk Tolerance Questionnaire Score	: 19-54
Benchmark	: 30:70 Equities/Bonds
Annualized Illustrative return*	: 6.5%
AMC of Portfolio	: 1.25% annually

Balanced Portfolio

The Balanced Portfolio allocates to a diverse mix of assets, ranging from defensive to growth characteristics. Selected lower volatility assets address wealth preservation for your client, whilst growth assets provide the opportunity for real return consummate to their appetite for risk. The portfolio is 30-day liquid, although it is designed for clients with a 3-5-year time horizon.

Cogent Risk Tolerance Questionnaire Score	: 55-90
Benchmark	: 60:40 Equities/Bonds
Annualized Illustrative return*	: 8.4%
AMC of Portfolio	: 1.25% annually

Growth Portfolio

The Growth Portfolio focuses on higher capital growth, with enhanced allocations into equity investments. The portfolio would be expected to demonstrate greater volatility offset by higher returns consummate with the risk taken. The portfolio is 30-day liquid, although it is designed for clients with a 3-5-year time horizon.

Cogent Risk Tolerance Questionnaire Score	: 91-126
Benchmark	: 80:20 Equities/Bonds
Annualized Illustrative return*	: 9.5%
AMC of Portfolio	: 1.25% annually

Transaction costs, platform and custody charges will also apply.

*Before fees, date range 31/8/15 to 31/8/20, equity returns are proxied by the MSCI World Total Return Index (USD), bond returns are proxied by the Bloomberg Barclays Global-Aggregate Total Return Index (USD).

For illustrative purpose only.

Risk and Return Summary

For illustrative purpose only