To be successful, we knew we needed to succeed for our clients, for the long term. That meant making investment performance our single priority. Everyone says that. But a real commitment to performance requires some real sacrifice.
To perform, you need to commit to running only a small number of funds over the long term, not hedge your bets by launching a blizzard of products in the hope that one might work.
To perform, you need a business platform that does not buckle with growth and is not dependent on legions of people to operate it. That way you can recruit and retain the best in the industry and deploy them on client accounts, not managing other people.
To perform, you need to limit your assets under management to allow for genuinely unconstrained decision-making.
In all these things, talk is cheap. The real measure of integrity is the standard use of performance fees, making Majedie do the right thing, not just say it.
These are the commitments we make to our clients.

