Who we are
Fulcrum is an independent partnership founded in 2004 to offer an institutional approach to asset allocation, risk management, and portfolio construction for private clients.
Fulcrum’s clients include high net worth families and individuals, institutions and charities and the strength of our offering is providing the same clear and disciplined investment process for our private clients as we do for our institutional investors.
We are a discretionary manager and at the heart of all decision making is the Fulcrum Investment Committee, whose experience spans the many market cycles of the last 40 years. Investment decisions are informed by our team of 23 investment and research professionals.
Our investment strategies include both benchmarked and absolute return (non-benchmarked) portfolios which have clear return goals and risk budgets.
Fulcrum was founded by Gavyn Davies, formerly Chief Economist of Goldman Sachs, and Andrew Stevens, previously an investment manager at Goldman Sachs for 12 years. Since our inception with a group of five investment professionals we have grown to a team of 48 with assets under management of c. £2.5bn.
What we do
Our philosophy focuses on three elements of investment management: Diversification, Growth and Capital Preservation.
Diversification is central to capturing global opportunities and limiting exposure to single markets. We invest across all of the major global equity, bond, commodity, currency and alternative investment markets with the belief that top down asset allocation will, over time, determine a portfolio’s performance.
Growth is, of course, important, but we believe that long term growth should not be destroyed by short term failures in risk management and achieving the balance of growth and risk is central to our philosophy.
Risk management is an integral part of our investment process. When market risk increases, a client’s risk appetite does not increase with it. Our approach to risk management is clear: establish a clear level of risk which is suited to the client – and stick to it. We aim to protect portfolios against investor panic and the permanent capital loss which can result from market shocks.
Director, UK Wealth and Platforms
+44 (0) 20 7535 4990