Manager selection is a core component of most asset owners’ investment process. Investment managers should either act in accordance with an asset owner’s investment preferences (if running a separate client account) or offer funds that can fit within the asset owner’s investment preferences, potentially in combination with others. Selections require thorough due diligence of the manager’s investment approach and performance, investment process and portfolio construction decisions.

Step 1 - Mandate formation

Step 2 - Research and long-lists

Step 3 - Requests for proposal

Step 4 - Screening and shortlist

Step 5 - Appointment