Case Study
Energy Equities Book
A discretionary equities mandate covering majors, refiners and oilfield services names.
- ~20%
- Improvement in net yield
01 Overview
A discretionary equities mandate covering majors, refiners and oilfield services names. Discretionary equities and Majors to services. The figures on this page are illustrative of the kind of outcome the mandate targeted, not a promise of future results.
02 The challenge
The client wanted active energy equity exposure but had neither the coverage nor the time to run it, and previous attempts had drifted into a handful of crowded large-cap names.
03 What we did
- Built a discretionary book spanning majors, independents, refiners and oilfield services, sized by conviction.
- Added clear buy and sell reasoning for every position, reviewed against our in-house price deck.
- Managed net exposure actively through the cycle rather than holding static weights.
04 The outcome
Active management across the energy value chain, rather than a static large-cap basket, improved the net yield on the mandate by about 20 percent over the review period.
Capital is at risk. Past performance is not a guide to future returns, and the figures shown are illustrative. Back to all case studies.