No individual stars.
Only desks.
There is no celebrity manager here. The work is divided across five desks, each accountable for its own part of the portfolio, and all answer to the same Chesebacks committee that has governed the firm since 2014.
The desks
Each desk owns its assets end to end: what is bought, what is held, and when it is sold. The capital each one receives is set by the Chesebacks committee and reviewed each quarter.
Chesebacks Leadership
Capital allocation and firm strategy
Property Desk
Acquisition, letting and asset management
Private Equity
Origination, diligence and board seats
Equities Desk
Global listed holdings and position sizing
Broker Desk
Execution, clearing, custody and settlement
Who checks our work
An independent panel reviews every position before it is acquired. They hold no allocation authority, and their remuneration is not tied to how much we deploy — which is precisely the point of having them.
Asset Selection, Chesebacks
Challenges the case for every purchase
Portfolio Construction, Chesebacks
Reviews how the four strategies are weighted
Institutional Networks, Chesebacks
Tests our counterparties and sourcing
Operations Advisory, Chesebacks
Audits custody, settlement and controls
Client Relations, Chesebacks
Reads every statement as an investor would
No individual stars, only the desks responsible.
Each issue is written by the desk that carried out the work — Property, Private Equity, Equities or Broker — and attributed by name.
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