Our Risk Management Philosophy underlies Merill's Investment Approach. Aiming at controling the overall risk taken, our Investment Approach is based on ongoing monitoring of the portfolio's risk exposure and to invest in line with the risk parameters set. 

Our Core Strategy is that of maximising returns for the level of risk taken to maintain sufficient risk adjusted returns - a philosophy that has been proven to be reslient during times of crisis.

Risk Management Function

The Scheme, as a self-managed UCITS, has a permanent risk management function that has been delegated to Jesmond Mizzi Financial Advisors. In view  that directors of Jesmond Mizzi Financial Advisors are also appointed as members of the Board of the Company and also as members of the Investment Committee, the Board has decided to appoint an independent member of the Board of Directors as Risk Monitor, with functions to oversee the risk management function.  

To maintain hierarchical and functional independence, the board of directors of Jesmond Mizzi Financial Advisors have established a Risk and Regulatory Committee, responsible to ensure the effective implementation of the risk management process by the Portfolio Manager. This approach provides the hierarchical and operational independence that the Sicav requires to maintain a robust and pervasive risk culture within the Company. 

• The Risk and Regulatory Committee is chaired by Mr. David Bonett.
• Mr. David Bonett  - Director and Chairperson - Risk and Regulatory Committee
• David Bonett is an experienced finance professional whose background includes senior advisory roles in two of the big four professional services firms in Malta and the UK as well as senior executive positions as CFO and Group Finance Director with two fast-growing, global organisations.  Throughout his career, David gained a wealth of experience in mergers and acquisitions, capital market transactions, corporate finance, strategic management, and corporate governance.  He currently works as a freelance finance management consultant, whilst also serving as an independent non-Executive Director on a number of boards of regulated or listed entities. David is a Fellow of the Association of Chartered Certified Accountants (ACCA).