Family offices
Compare the assumptions behind external managers’ positions. Different managers may share exposure to the same path for US rates.
Who Troia is for
Built for institutional investment teams
A family office reviewing its external managers, a wealth manager running model portfolios and an asset manager meeting before the US jobs report can all be asking a version of the same question. Does new evidence put one of our investment assumptions under pressure? The way each team needs to use the answer is different.
Troia is designed for CIOs and portfolio managers who make multi-asset decisions, including teams with limited dedicated macro research capacity. Its US research framework gives colleagues a common starting point while leaving room for different client mandates and investment horizons.
Work with the investment process you already have
For a recurring committee meeting, start with the decisions on the agenda. Record which assumption each position depends on, which evidence has changed and who will review it. A release note is most useful when the team knows in advance which question the data might resolve.
Research workflow
- Start with the mandateIdentify the investment decision, owner and horizon.
- Select the evidenceChoose the releases and policy communications that bear on it.
- Frame the discussionAgree what changed and what would warrant another review.
Make the discussion portable across teams
A concise account of the evidence can support a conversation between research, portfolio construction and client-facing colleagues. Specify the release date and the degree of uncertainty so that a conditional interpretation is still recognisable when it reaches the next reader.
In the investment process
Wealth managers
Use the same reading of the macro backdrop to discuss why two model portfolios with different risk budgets might respond differently.
Asset managers
Bring portfolio managers and research analysts to a pre-meeting discussion with an agreed set of data releases and policy questions.
Example research question
Which change in the US outlook deserves time at our next investment committee meeting?