Research connects asset selection and portfolio construction, from legal rights and holding horizons to market behavior and exit conditions.
Gold interests / PGOLD
Gold exposure and related rights.
Evaluate gold and digital-gold interests through price exposure, legal rights, safekeeping and realizability.
Portfolio role
Gold exposure and diversification
Research focus
Product rights, gold linkage, safekeeping and settlement terms
Bank cash / USDT / USDC
Portfolio liquidity and settlement.
Plan liquidity around subscriptions, payments and exits. Bank cash and stablecoins are recorded separately and assessed on their own credit and settlement terms.
Portfolio role
Payments, settlement and liquidity
Research focus
Issuer and bank credit, networks, limits and settlement paths
Potential income-producing assets
Short-duration debt and sources of income.
Evaluate short-duration sovereign debt and other eligible instruments against investment horizons, market conditions and the product mandate.
Portfolio role
Income-oriented exposure within the mandate
Research focus
Duration, rates, credit, holding structure and transaction costs
Selection / Research / Conservation
Art research and long-term stewardship.
Consider art as a potential alternative allocation, drawing on provenance, selection, conservation and long-term stewardship to understand value and holding horizons.
Portfolio role
Alternative opportunities within the mandate
Research focus
Provenance, title, valuation, conservation, custody and exit horizon
These are potential allocation categories, not a statement of current holdings. Assets enter portfolio value only when the product acquires the relevant rights. Scope, allocation and rights follow the documents and holding disclosures.
Research and allocation framework.
Sources of value
Distinguish price exposure, contractual income and value created through stewardship.
Rights & verifiable information
Verify acquired rights, safekeeping and records. Partner information is distinct from product holdings or security.
Liquidity & horizon
Assess market depth, holding horizons and exit costs against the product’s payment commitments.
Art & cultural assets
Selection
Research
Conservation
Stewardship
Art allocation research
Scholarship and conservation.
A longer view of value.
The team draws on expertise across Hong Kong, Macao, Taiwan, Japan and the UK in selection, provenance, in-house conservation and long-term stewardship. Art is assessed within the mandate of the relevant portfolio product.
Team members bring project and research experience with international auction houses, collectors, universities and museums.
Discuss your allocation needs.
Discuss asset research, investment scope and participation criteria.
