1. The Wire
ISSUE 1 – 30 NOVEMBER 2010 THE WEEKLY INVESTMENT REVIEW
An introduction to Sarasin & Partners LLP
Sarasin & Partners is a London-based specialist investment management firm. The firm The CAERUS GROUP is launching a
employs 182 people and manages around £10.9 billion (as at 30.9.10) for private clients, series of innovative and exciting funds
charities, pension funds and institutions in the UK and internationally which include a in the UK market. CAERUS WEALTH
range of offshore and onshore unit trusts and investment funds. Sarasin & Partners LLP was Advisers have unique access to these
originally established in the City of London in 1983. It is 60% owned by Bank Sarasin and funds. Amongst the Fund Managers that
40% owned by local management in London. we work with is Sarasin.
Sarasin & Partners is a market leader in the thematic approach to investment, winning
awards for this approach, as well as for its high level of reporting to clients. With a
committed team of investment professionals in the foreground and a strong bank in the
background, we aim to provide an unusual combination of successful investment
performance and high service standards.
The information contained in this document has been issued by Sarasin & Partners LLP
Sarasin & Partners business areas
which is authorised and regulated by the Financial Services Authority in the UK and
passported under MIFID to provide investment services in the Republic of Ireland. This
document has been prepared solely for information purposes and is not a solicitation, or an 18.33%
27.54% Private Clients
office to buy or sell any security. Investment Funds
Stable ownership benefits clients and staff…
Sarasin & Partners is 40% owned by its senior management and investment staff, and
28.94%
60% by Bank Sarasin, a leading Swiss private bank. Established in 1841, Bank Sarasin’s
25.19% Charities
success has been based on trust, expertise and dedication to meeting each client’s needs. Institutional
Bank Sarasin, in turn, has a controlling shareholder, Rabobank, one of very few AAA/Aaa
Source: Sarasin & Partners LLP as at 30.9.10
,
rated commercial banks left in the world. This ownership structure provides stability to both
clients and to the staff who serve them, with access to an exceptionally strong balance
sheet and expertise in almost every investment discipline.
Simple objectives
“To preserve and enhance the real value of our Client’s capital by the
intelligent use of traditional and transparent asset classes.” Sarasin & Partners AUM (£ billion)
12
10
Clear investment principles 8
Active managers using a thematic approach to equity investment and a risk-based approach 6
10.9
to asset allocation. The recurring income from cash, bonds and property helps underpin 4
9.4
7.1 7.0
6.1
long-term absolute returns. Allocation to equities provides the opportunity for real growth of 2 4.0
5.4
1.9
capital. By investing in the best companies in the world rather than from a single region, 0
2003 2004 2005 2006 2007 2008 2009 2010
regardless of their size, sector, locality or index-weighting, produces superior returns with
lower volatility. Source: Sarasin & Partners LLP as at 30.09.10
,
Continued overleaf

2. Target Investing – a new framework for private assets
Sarasin & Partners recognises that most
Long term performance clients have a long-term investment
Sarasin’s Global Balanced Fund: charting a steady course through 22 years of market volatility objective to preserve the real value and
03.2008
Our flagship ‘wealth
purchasing power of their personal wealth.
Bear
09.2008
2007
Stearns
Crash Lehman
10.2008
World
management’ multi- Managing a range of ‘target return’
Sub - Bankruptcy Wide asset Fund - GlobalSar -
700.000 09.2001
Prime
Credit
Rescue
Plans is now over two
mandates with different risk/return profiles
WTC and Crisis
10.1997
Pentago n
Terrorist
03.2003
Iraq War
decades old and has that are more aligned to Clients’ investment
600.000
Attacks lived through many
Asia n
Stock
objectives than the traditional asset
02.1993
Market
events that have
500.000
01.1991
World
Trade
Crisis
05.2006
Launch of
GlobalSa r
shaken markets. management benchmarks (such as stock
Gulf War Centre IIID
400.000
08.1990 09.1992
Bombings
03.2005 06.2009 market indices). Sarasin & Partners
10.1987 Launch of
Recessio n
Despite periods of
300.000
Black
Monday
Iraq
Invades
UK
Currency
GlobalSa r
Optima
(EUR)
Ends?
significant market believes that a flexible investment policy is
Kuwait Crisis
07.1995
turbulance, an necessary in order to achieve the required
200.000 01.1993 Launch of investment in this Fund
09.1992
Launch of
GlobalSa r
Dollar
GlobalSa r
(EUR)
would have more than ‘target returns’.
Launch of
100.000 01.1988
Launch of
GlobalSa r
(CHF) quadrupled over the
GlobalSa r
Ste rling last 22 years!
0.000
1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010
Source: Sarasin & Partners June 2010
Award winning
In 2010 Sarasin & Partners won the PAM Award for Client Service Quality: High Net Worth and Quality & Clarity
of Reporting.
We have won 19 PAM Awards since they were first introduced in 2000 in Categories including:
• Investment Performance
• Overall Service Quality
• Quality of Reporting
• Product Innovation
Working in partnership
Sarasin & Partners investment management business has been built on strong investment credentials aligned to a superior and bespoke
service model. The Retail Distribution Review is rapidly changing the face of the retail market and consequently these same qualities are
increasingly in demand.
Because of their highly bespoke nature, we do not seek and indeed cannot expect to make our services widely available. However, we are
very interested in working in conjunction with like-minded businesses who share the same values as us and who feel that their clients
might benefit from the services we can provide.
Our vision is that we would work in partnership and we are not seeking to take any direct responsibility for client relationships unless we are
asked to do so. Indeed we would view our business ‘partner’ as being our client and it is our partner who we would look to offer our
services to rather than their own clients.
Contact us
For further information or if you have any questions about The Wire please contact me using
the details below:
Ronan Kearney
ronan.kearney@caeruswealth.com
020 7822 8205
CAERUS WEALTH Group Ltd accepts no liability whatsoever for any consequent loss
of any kind arising from the use of this document or any part of its contents. The use
of this document should not be regarded as a substitute for the exercise by the Source: Sarasin & Partners, November 2010
recipient of his or her own judgment.
CAERUS WEALTH Group Ltd. Correct as at November 2010.