Multi-manager investing is a core competency for ipac that is fundamental to the success of the business. ipac’s investment philosophy and core beliefs are outlined below.

Managed to a strategic asset allocation	Portfolios are managed to long-term strategic asset allocations that are regularly reviewed to take into account the return potential and risk of the asset classes.
Well diversified	Portfolios are built from the core. ipac establishes a solid base return and then adds alternative investment approaches and less benchmark aware managers with specialist investment skill that have the potential to enhance return while diversifying risk.
Disciplined rebalancing	Daily portfolio rebalancing where required effectively keeps portfolios in line with strategic asset and fund manager allocations.
Actively managed, where appropriate	For most asset classes, ipac believes that actively managed portfolios can add to returns.
Specialist, multi-manager approach	Well-constructed multi-manager portfolios improve returns in a more consistent way than a single manager approach. The best risk/return outcomes are more likely to be achieved by fund managers with specialist skills in specific asset classes and styles.
Direct ownership of securities	ipac’s investment infrastructure enables individual investments to be held directly through a mandate structure in most cases. The investments are held by the custodian on behalf of clients. The benefit is more efficient cash flow management and control, lower costs, and timely reporting and analysis.
Fully invested	Fund managers should be as close to fully invested as possible at all times. A cash allocation should only be an outcome of the investment process.
Sensible approach to currency management	Short-term currency movements can have a significant and unintended impact on short to medium-term portfolio returns. Where appropriate, portfolios have passive strategies in place to manage currency risks.
Efficient implementation	ipac has an experienced operations team that are focused on reducing costs. Disciplined rebalancing, smart cash flow management to minimise transactions and well planned transition management are some of the strategies to manage performance leakage.
Effective monitoring and review	All investment activities have a measurable criteria for success, which is closely monitored and evaluated.