The largest number on a factsheet is rarely the best place to begin. Start by understanding the strategy objective, permitted instruments and conditions under which the approach may struggle.
Read in Layers
- Mandate and objective
- Risk orientation and loss scenarios
- Liquidity, fees and custody
- Performance period and methodology
- Document date and approval status
If two sources disagree, the discrepancy should be resolved before relying on either. A current, controlled document should always take precedence over an undated marketing summary.