Our team offers a distinctive blend of deep investment expertise and academic insight together with a broad cross asset skillset
We founded GCW to offer a model designed to succeed where the investment management industry often fails.
Our global team elevates clients beyond the conflicts of interests of bank platforms, beyond the adverse selection that may arise from reliance on personal networks, and beyond the home country bias of many independent asset managers.
We believe that what gets measured, gets managed, and we apply a painstaking level of detail and analysis to all aspects of portfolio management.
We work selectively with individuals and families who wish to preserve and enhance their wealth, constructing portfolios fully customised to personal circumstances and objectives
We offer pooled, private vehicles for families and institutions wishing to access similar investments and strategies as those provided to Customised Portfolio clients
We offer a blended approach that includes managing low-cost liquid asset accounts in conjunction with investments in our pooled vehicles to obtain customised overall portfolio exposures
We strive to outperform portfolios of similar risks. That outperformance is known as “alpha”.
As the search for alpha is a zero-sum game for the market overall (akin to the phenomenon that not all teams in a sports league can have a winning record), alpha is both hard to find and may be short-lived when found.
We search for alpha predominantly in less actively- traded, less “picked over” markets, where the special skills required to navigate those markets create implicit barriers to entry, increase expected return and skews the odds of winning in our favour.
We aim to deliver alpha net of all fees and expenses. Our portfolio construction, tailored to the client mandate, determines the amount of expected alpha that may be available.
GCW proprietary tools help us to identify expected alpha while avoiding common pitfalls of others who seek it.
We evaluate the merits of investments on an after-tax basis.
The combined experiences of our global team extend our reach to originate compelling investment opportunities.
Our team backgrounds and ability to contribute to sponsor problem-solving helps us to be regarded as attractive LPs.
Our professional networks and geographically distributed team afford GCW an effective scale that exceeds that of much larger firms.
We have been able to access hard-closed funds and funds at preferred terms.
The absence of traditional asset class silos allows our best ideas to win at investment committee.
Dave Bizer is a co-founder of GCW Global Customised Wealth where he oversees all aspects of the business.
Prior to founding GCW, Dave was a Managing Partner at Jasper Ridge Partners, a California-based investment manager, where he contributed to all aspects of the firm’s investment strategy, with particular focus on portfolio construction, the firm’s risk factor overlay program and new product development. Dave serves on the Board of the Stanford Institute for Economic Policy Research and on the London School of Economics North American Advisory Board.
Previously, Dave served on Nomura’s Wholesale Executive Committee and held various senior management positions at Lehman Brothers. Dave has served on the Council of Economic Advisers under two U.S. Presidents. Additionally, he was a visiting assistant professor of Finance at the Kellogg School of Management at Northwestern University and a visiting assistant professor of Finance at the University of Chicago Booth School of Business.
Dave has published articles in the American Economic Review, Journal of Political Economy and the Journal of Monetary Economics, among other periodicals and publications. Dave received his Ph.D. and MA in Economics from Stanford University and an AB from the University of Michigan.
Siggi Thorkelsson is a co-founder of GCW Global Customised Wealth where he oversees all aspects of the business.
Siggi is also the co-founder and Chairman of Fossar Investment Bank, an investment bank based in Iceland. Prior to founding Fossar, Siggi had over 20 years experience in the banking and securities industry having held leadership positions at investment banks in New York, London, Tokyo and Hong Kong. Most recently, he was Head of Equities EMEA at Barclays Capital in London and a Director of Barclays Capital Securities Limited. Previously he was Head of Equities Asia Pacific including Japan at Barclays and Nomura after having held a number of senior roles at Lehman Brothers.
Siggi has served as a Director of various listed and unlisted companies in Iceland, UK and Switzerland. He was appointed by the Government of Iceland, the Chairman of the government‘s Advisory Committee on the elimination of currency controls in the aftermath of financial crises in Iceland.
Siggi splits his time between the UK and Iceland where he is also involved in a number of cultural activities. Siggi holds a B.Sc. degree in Mechanical Engineering from the University of Iceland and an M.Sc. degree in Industrial Engineering and Engineering Management from Stanford University.