Onside Issue 6 - 29

What about Risk?
Having a clear and consistently applied process
is just one part of our approach to mitigating risk
for our investors.
Risk comes in many forms. We believe the main
risk that our investors face is the risk of permanent
loss of capital. As I have said, by buying assets at
what we consider to be below fair market value,
we build in a 'margin of safety' in everything we
do, which helps to guard against this risk.
Another important risk faced by investors is that
of volatility, i.e. the unpredictability of shorterterm returns. The diverse nature of our portfolios
helps to moderate this concern.
Finally, there is the risk that funds do not achieve
the outcome an investor expects. Whilst we cannot
remove this risk altogether, everything you have
read about so far is designed to minimise this risk.

We believe that our long-standing expertise
in Multi-Asset investment, our team focus on
research, our investment process, our simple,
active approach and our awareness of risk
all support our aim of delivering the quality
outcomes investors expect.

What would you characterise as
'success' from your investment
approach?
Ultimately, our success requires us to achieve
good investment performance over time and for
our investors to be comfortable with how that
is achieved. This means we need to be doing
something different- and we think that is exactly
what we are doing by harmonising the art and
science of Multi-Asset Value Investing.

Jeff Morton

Peter Elston
Director, Seneca Property

Seneca Investment Managers
E info@senecaim.com

jeff.morton@senecaproperty.com
T 0151 906 2450
www.senecaproperty.com

Important Information
Seneca Investment Managers does not offer advice to retail investors. The views expressed are current at
the time of writing and are subject to change without notice. There is no guarantee that any of the returns
or the yield will be achieved. Whilst Seneca Investment Managers has used all reasonable efforts to ensure
the accuracy of the information contained in this communication, we cannot guarantee the reliability,
completeness or accuracy of the content. This document is provided for the purpose of information only.
Before investing in the LF Seneca funds you must read the key investor information document (KIID) as it
contains important information regarding the fund, including charges, tax and fund specific risk warnings
and will form the basis of any investment. The prospectus, KIID and application forms are available in English
from Link Fund Solutions Ltd, the Authorised Corporate Director of the LF Seneca Funds (0345 608 1497).
Seneca Investment Managers Limited, the Investment Manager of the Funds (0151 906 2450) is authorised
and regulated by the Financial Conduct Authority and is registered in England No. 4325961 with its registered
office at Tenth Floor, Horton House, Exchange Flags, Liverpool, L2 3YL. FP17/454
Peter Elston and Seneca Investment Managers can be contacted by phone on 0151 906 2450 or by
email at info@senecaim.com

Table of Contents for the Digital Edition of Onside Issue 6

Contents
Onside Issue 6 - Cover1
Onside Issue 6 - Cover2
Onside Issue 6 - Contents
Onside Issue 6 - 4
Onside Issue 6 - 5
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