by Tom Bradley
One of Steadyhand’s key business tenets is co-investment - the practice of investing alongside our clients. We feel there’s no better way to illustrate a commitment to our investment philosophy and business approach, and ultimately our clients, than to put our money where our mouth is ... and be transparent about it.
As we do every year, we’ve updated our numbers as of June 30th and I can proudly report that every employee at Steadyhand has a significant portion of their financial assets in our funds. On average the team have 83% of their financial assets invested in the Steadyhand funds. In dollar terms, the team and our families have $29.3 million in the funds.
83% and $29 million. These are hugely important numbers for you. They mean that we are experiencing the same fund performance, client reporting, fees and communications that you are. We’re on a multi-decade road trip together, and co-investment is a key element of trust and making sure our interests are well aligned.
Note: For a more general overview of co-investment and why it’s important, please read a piece Scott put together called Showing you the money.