The House

Fifteen people, six floors.

A fund is only as sound as the people who check it. This is who does what, floor by floor, from the committee under the roof to the door on the street.

A fund is only as sound as the people who check it. This is who does what, floor by floor, from the committee under the roof to the door on the street.

Line drawing of the mansard roof

Under the roof

4th floor

3rd floor

2nd floor

1st floor

Entresol

Ground floor

Line drawing of the mansard roof

Under the roof

4th floor

3rd floor

2nd floor

1st floor

Entresol

Ground floor

Under the roof

Investment committee

The four portfolio managers meet here every morning at 08:30 with the Chief Executive. Every buy and sell is minuted.

4th floor

Portfolio management & research

Four portfolio managers and two analysts. Each fund has a named manager and a named deputy.

3rd floor

Control

Compliance and risk report to the board. They can stop a trade.

2nd floor

Middle office

Order checks, trade capture and the 18:00 NAV, checked line by line.

1st floor

Back office

Settlements and daily reconciliation with the depositary.

Entresol

Leadership

The two founders. Neither manages a fund alone.

Ground floor

Investor relations

One door, one person you can call.

Separation of duties

The people who check our numbers do not report to the people who make them.

4th floor and under the roof

Front

Decide and send orders. Report to the CIO.

2nd and 1st floors

Middle & back

Check, value, settle and reconcile. Report to the COO.

3rd floor

Control

Compliance and risk. Report to the board, with the power to stop a trade.

Ownership

Owned by the people who work here.

Eleven partners own the firm. Each of them has money in every fund, on the same terms as you.

Eleven partners own the firm. Each of them has money in every fund, on the same terms as you.

Looking up the oval stairwell of the building toward the skylight, two people on the landings

100%

owned by the team

no outside shareholder

100%

owned by the team

no outside shareholder

11

partners

out of fifteen people

11

partners

out of fifteen people

€38m

invested by the team in our funds

as of 30 Sept 2026

€38m

invested by the team in our funds

as of 30 Sept 2026

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