ADMIO ASSET MANAGEMENT
Execution & Trading Policy
All investment service providers should act in the best interest of their clients when executing orders resulting from investment decisions related to portfolio management.
To this end, in its capacity as an investment manager, ADMIO Asset Management is required to take all reasonable measures to select market participants to which orders are transmitted for execution and whose execution policies guarantee the best possible outcome.
Execution Policy, Criteria & Trading Policy
Deal Sourcing
- Market expertise with an in depth understanding of the market’s risks and dynamics
- Access to a deep, diversified and global investable deal flow whether in public or private markets
- Access to a large network of like-minded families with long term views & needs
Execution Criteria
- Price (generally the most significant factor);
- Size and nature of the order;
- Potential market impact;
- Cost of execution commissions;
- Liquidity of the market on which we are trading;
- Likelihood of execution and settlement;
- Financial status and responsibility of the counterparty
In accordance with regulation, ADMIO Asset Management has put in place an Execution Policy. We aim to consistently deliver Best Execution, by executing transactions at the most favourable terms for our clients, after evaluating various execution factors.
Subject to any specific instructions that may be given by clients, when executing orders, we take all reasonable steps to obtain the best possible result taking into account the Execution Factors listed above. We determine the relative importance of these Execution Factors by using our commercial judgment and experience in light of market information available and taking into account our Execution Criteria.
ADMIO Asset Management selects counterparties who can deliver Best Execution on the trading venues to which we require access. We constantly monitor the performance of these counterparties, and formally evaluate them every year. This formal review is based on performance in the following key areas:
Deal Sourcing
- Market expertise with an in depth understanding of the market’s risks and dynamics
- Access to a deep, diversified and global investable deal flow whether in public or private markets
- Access to a large network of like-minded families with long term views & needs
Formal Reviews
- Understanding our execution objectives and helping us to reach them.
- Sourcing or providing liquidity.
- Adding long-term value to our execution process beyond day-to-day trading (for example advising us regarding regulatory or technological developments).