A key feature of JANA’s investment approach is our preparedness to move away from the long-term strategic asset allocation when we believe that markets have deviated from fair values. These tilts tend to be few in number but at times may be significant in magnitude. JANA is a strong proponent of active management.
JANA is rigorous about determining the optimal asset allocation for a client’s fund. Our asset allocation process draws on the expertise and knowledge of our entire team of 60 investment professionals. In this way, clients benefit from the collaborative knowledge of a large investment team.
We determine a client’s Core Strategic Asset Allocation (SAA) by traditional methods of adopting long-term assumptions of risk and return and correlations in the context of the objectives and risk tolerance of the client.
Our quest to add value does not end there. We believe that active management can add to outperformance in most asset classes, so we are prepared to adopt substantial deviations from the Core Strategic Asset Allocation. Positions are developed and implemented progressively through a disciplined process. Each asset class is re-assessed on the basis of valuations, fundamentals and sentiment, on an on-going basis.