Original Thinking

Select FS is highly sceptical of  "tick the box compliance", instead focusing resources on a diligent approach to oversight.

Issues with traditional RE approach:

  • Lack of understanding of "alternative strategies".
  • Opaque process.
  • Ineffective compliance monitoring.
  • Conflicts with internal custody.
  • "If we are not told, we don't know".
  • Lack of thought leadership.
  • Listed businesses with obligations to shareholders.
  • Lack of risk focus.

 

Select's original approach:

  • Experience in alternatives.
  • Manager transparency.
  • Due Diligence approach.
  • Use highly rated third party administration.
  • Use highly rated third party custodians.
  • "Trust but verify".
  • Recognised original thinkers.
  • Qualitative, Quantitative and Operational risk focus.

 

 

Velcro, 1948

After his many mountain walks, the Swiss inventor George de Mestral became so fed up with removing cocklebur seeds from his dog and jacket, he put one under a microscope to discover the secret of its stickiness. The answer: velours (the French for loops, in clothing) and crochets (hooks, on the burs). He took the first syllables of the words, replicated the fastening phenomenon synthetically to create Velcro, used today in everything from ski jackets to shoe fastenings.

Post-it note, 1973

The simple way to remind yourself that has stood the test of time. 35 years to be exact – yes in the digital age the post-it-note is still present throughout offices worldwide. Post-It notes have peeled out of the factory of US manufacturing giant, 3M, in their billions since their invention by designer Art Fry who, wanted a simple page markers for hymn books at choir practice. Call it a divine calling but his insight realised the need for a low-tack sticky note. He applied weak glue to yellow paper and the Post-It, now sold in more than 100 countries and in 62 colours, was born.

Qwerty keyboard, 1868

The need for creating copy faster than that from handwriting alone was born in the offices of a newspaper. The journalist Christopher Latham Sholes of the Milwaukee News devised the first typewriter, but its alphabetical layout meant common letters in close proximity frequently jammed at high typing speeds. To minimise this effect, Sholes conceived the Qwerty layout, which far outlived mechanical keyboards.

The internet, 1969

It is without doubt a story of exponential growth; from just four in 1969 to 50,000 in 1988; a million by 1991 and 500 million by 2001, and today - 1.2 billion, or 19 per cent of the world's population. Never has an invention proved so popular and so inexpensive to use. Conceived by the US Department of Defence in the 1960s, the internet, together with the World Wide Web, invented in 1989 by the Briton, Tim Berners-Lee, has made the world a smaller place and revolutionised the way we do business and communicate with each other.