Investment Oversight

Investment Policy Framework

We design Investment Policy Statements and decision-making frameworks — translating your investment philosophy into clear, enforceable rules that guide every allocation decision.

IPS Framework Scope

  • Investment philosophy & belief statement
  • Decision-making authority & approval matrix
  • Permitted & prohibited investment universe
  • Performance measurement standards
  • Policy breach identification & escalation
  • Annual review & amendment process
What We Deliver

Our Advisory Services

Investment Philosophy Statement

We document the core beliefs that drive your investment approach — market efficiency assumptions, return drivers, risk philosophy — creating the intellectual foundation of every policy that follows.

Decision Authority Matrix

Who can approve what investment decision — by type, size and risk level — documented in a clear matrix that eliminates ambiguity and creates accountability for every allocation.

Permitted Investment Universe

A defined list of permitted asset classes, instruments, structures and geographic markets — with explicit exclusions and the process for requesting a universe expansion.

Performance Standards

Benchmark selection, performance measurement period, attribution methodology and the evaluation criteria used to assess whether investment decisions are meeting objectives.

Breach Management

Identification process for policy breaches, escalation pathway, remediation timeline and documentation requirements — ensuring breaches are addressed promptly and systematically.

Policy Review Process

Annual review structure, amendment authority, change documentation and version control — ensuring your IPS evolves with your organisation without losing institutional memory.

Our Approach

Built for Real Outcomes

An Investment Policy Statement is the governance document most organisations know they need and fewest have written well. Vague objectives and undefined decision rules create the illusion of governance without providing the substance.

We produce IPS documents that are operationally useful — specific enough to actually guide decisions, flexible enough to accommodate legitimate discretion.

IPS Documents We Produce For

  • Family office and UHNWI investment programmes
  • Endowment and foundation investment committees
  • Corporate treasury and reserve funds
  • Pension and retirement fund trustees
  • Sovereign and government investment authorities

IPS Core Sections

  • 1. Purpose & governance overview
  • 2. Investment objectives & constraints
  • 3. Asset allocation policy
  • 4. Permitted investment universe
  • 5. Risk management framework
  • 6. Performance measurement standards
  • 7. Manager oversight policy
  • 8. Review & amendment process

Common IPS Weaknesses We Fix

  • Objectives stated without measurable targets
  • No defined permitted/prohibited instrument list
  • Performance benchmarks not specified
  • No breach identification process
  • Amendment process undefined
IPS
Investment Policy Statement — the governance foundation
8
Core sections in every GACM-designed IPS
Annual
Review cycle built into every framework we produce
100%
Bespoke — every IPS reflects your actual philosophy
Process

How We Work

01

Philosophy Workshop

We facilitate a structured discussion to elicit and document your investment beliefs and objectives.

02

Draft IPS

We produce a full draft IPS with all sections and supporting schedules.

03

Review & Refine

We review with your investment committee or board and incorporate feedback.

04

Adoption & Embedding

We advise on how to formally adopt the IPS and embed it in your investment governance.

Common Questions

Frequently Asked

Long enough to cover everything material, short enough to actually be used. Most effective IPS documents are 15–30 pages. Longer documents tend to be comprehensive but unread. We target the right level of specificity for your governance model.
Yes — the IPS should be formally approved by the investment committee or board of trustees, with the approval documented. It should also be reviewed and re-approved at least annually.
The IPS governs the overall investment programme. Manager-specific mandates are derived from the IPS but contain more specific instructions. We produce both and ensure consistency between them.

Ready to Build Your Investment Policy Framework?

Our Investment Oversight team produces IPS documents that provide genuine governance discipline — not just documentation for its own sake.