What we are paid to do.
We accept a single, simple mandate from each principal: to allocate capital with the care of an owner, on a horizon long enough that the path of returns becomes less interesting than the destination of them. We are not paid to be active. We are paid to be right, and to be patient until we are proven so.
Few positions, deeply held.
A typical Regium portfolio holds between fourteen and twenty-two positions, weighted by conviction rather than by index. Turnover, in most years, is below ten per cent. We rebalance only when an underlying thesis is broken, not when a price has moved.
- 14–22
- ~9%
- 7+ yr
- II
Where we look.
Listed equities across developed markets, with selective exposure in Asia and the United Kingdom. Sovereign and high-grade credit, held primarily as ballast. Private capital is admitted by exception, only where the operator behaves as a proprietor and the structure aligns with our patience. We do not invest in derivatives for speculation, leveraged structures, or instruments whose risks we cannot describe in a paragraph.
How we are paid.
Our partners hold the same instruments as our principals, in the same mandates, on the same terms. We earn a single management fee on capital under our care. We accept no performance fee on listed mandates, no commission from any product issuer, and no retrocession from any counterparty. Where private investments are admitted, performance compensation is structured to our principals' advantage first, and ours only after a long preferred return.
To discuss whether a Regium mandate is appropriate to your circumstances, please request an introduction. Conversations are private, and they begin without obligation on either side.