We will definitely not be led by our perceptions of the activities of other asset managers Our investment style is completely justified by empirical evidence; our own and that of many leading academics worldwide We are here for our clients returns and put performance before asset gathering We are investment generalists; not blinkered sector specialists Together with a constant awareness that the funds belong to our investors and are not academic experiments for us to hone our skills, this means that we will always defer to the virtues of diversification