Investment accounts

Authorised and regulated by the UK’s FCA to provide investment accounts, we are bound by CASS rules to segregate and protect client assets.

January 2020 investment update

Global equities made further gains in December, appreciating 2.9 per cent (as measured by MSCI World Index), taking their annual performance to 25.2 per cent, the best result for global...

Transformative technology

The technology platform supporting all facets of Dolfin’s business is now in place and ready for the next phase of growth. Richard Webb, who headed the project, and Amir Nabi, our COO, reflect on the experience and what now lies ahead.

Dolfin model portfolios outperform their benchmarks

We have announced our model portfolio performance for the year ending 31 December 2019, with strong performance across the board.

Dolfin model portfolios outperform their benchmarks

We have announced our model portfolio performance for the year ending 31 December 2019, with strong performance across the board.

13 January 2020 / News

We announced today our model portfolio performance for the year ending 31 December 2019, with strong performance across the board. Seven out of nine portfolios outperformed their reference indices, notably the USD and EUR Balanced portfolios which achieved a return gross of fees of 15.0 and 13.8 per cent respectively.

Our investment management team constructs the portfolios on an absolute return basis, allowing holdings to be more diversified across asset classes and geographies, and less constrained versus relative return investors.

Though equity volatility was high during 2019, the portfolios avoided much of this owing to the team’s freedom to substantially reduce equity exposure earlier in the year. Throughout the second half of the year the team was overweight fixed income and built up some of the satellite holdings in equities that sit within its thematic ideas.

Though equity volatility was high during 2019, the portfolios avoided much of this owing to the team’s freedom to substantially reduce equity exposure earlier in the year.

The reference indices we use are based on a target spread over inflation that differs depending on the respective risk profile: conservative, balanced or growth.

Our macro-valuation-sentiment-technical (MVST) framework provides the structure around which the portfolios are constructed. This enables us to avoid holding equities when they appear significantly overvalued, and by employing multiple time horizons within models, the team successfully navigated the volatile markets.

Simon Black, our Head of Investment Management, said: “We are pleased to have delivered strong outperformance for clients across the vast majority of our portfolios. Our thematic ideas all contributed to the positive performance, and our ability to adjust duration exposure within the portfolio, through the use of interest rate futures, sees us combining an institutional investment approach with private client service. We see this combination as a true differentiator.”

We are pleased to have delivered strong outperformance for clients across the vast majority of our portfolios.

We will release our Q1 2020 investment outlook later this month with full details of the performance of all of our portfolios in 2019, as well as our views on what to expect from markets in the months ahead.

Past performance is not a reliable indicator of future returns. If the information is not listed in your base currency, then the result may increase or decrease due to currency fluctuations

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Investment accounts

Dolfin’s investment accounts safeguard securities and cash, while ensuring you or your clients can take full advantage of multi-asset, multi-currency, and multi-strategy investments.

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About us

Founded as a London-based wealth boutique in 2013, today we’re a diversified financial services firm with an international presence and our own bespoke technology platform.

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