Hansa Investment Company is a globally diversified, multi-asset class investment portfolio that seeks to identify compelling investment opportunities across a wide spectrum of assets, many of which are otherwise hard to access. The company looks to conservatively grow capital over time through investing in a blend of best-in-class public and private equities balanced by more defensive all-weather investments. Its investment manager is a smaller, dedicated fund management group with significant ‘skin in the game’, which ensures a high alignment of interest with shareholders and a focus on reliable share price growth rather than asset gathering.

1. Hansa Investment Company offers access to a truly unconstrained, long-term, multi-asset strategy.

Hansa’s portfolio differs significantly from a traditional 60/40 portfolio that it historically outperformed in the long term. The manager adopts a four-sleeve approach, which combines a core regional and thematic sleeve (blending active and passive equity funds), with a concentrated, high-conviction portfolio of direct global equities (with particular emphasis on downside protection) and investments in diversifying and private assets. Hansa’s manager has a deep knowledge of different asset classes that allows him to combine various strategies into an attractive portfolio.

The manager has consistently held around 80% of Hansa’s portfolio in equity markets over the last decade, in line with its patient, long-term investment approach. It normally aims to ride out market volatility, which it considers an opportunity rather than a risk to long-term returns. Its portfolio positioning during the tariff turmoil in 2025 is a notable recent example of this approach.

That said, the manager can, at times, add to Hansa’s diversifying sleeve to provide the portfolio with an alternative source of returns, while dampening volatility and displaying a low beta to the equity market. Hansa’s manager has a wide range of diversifying assets at his disposal, including debt investments, multi-strategy hedge funds, event-driven and equity market neutral hedge funds and quantitative funds. In the past, Hansa’s diversifying sleeve significantly outperformed a traditional bonds portfolio.

2. Hansa favours US equities, while seeking diversification to counter uncertainty.

US continues to represent the majority of Hansa’s equity exposure as it maintains its positive view on the US economy given its high level of innovation, inherent entrepreneurship and sustained robust consumer spending. However, given the current valuations of US equities, early signs of a potential AI bubble and geopolitical risks (including the populist pivot in the US), the manager puts emphasis on diversification. Firstly, it involves blending passive ETFs with active funds that may be underweight the ‘Magnificent 7’ stocks. Secondly, Hansa’s manager aims to manage concentration risk in the tech portfolio by including venture investments. Finally, Hansa’s manager maintains regional diversification of Hansa’s equity portfolio, with an emphasis on Japan and emerging markets (including Asia). He increasingly blends varying investment styles (eg value and growth) and factors.

3. Hansa’s recent combination with Ocean Wilsons Holdings offers several benefits.

In December 2025, Hansa Investment Company completed its all-share combination with Ocean Wilsons Holdings, one of Hansa’s holdings. This transaction, together with the earlier sale of Wilson Sons, Brazil’s largest port and maritime logistics company, by Ocean Wilsons Holdings, greatly simplified the group’s structure and combined two complementary portfolios. The combination provided greater scale and was coupled with a switch to a tiered management fee structure of 0.8% up to £500m of the combined group’s NAV and 0.7% thereafter (compared to 1.0% previously). The combined group will also introduce a new capital allocation policy that is expected to enhance returns over time, mainly through the implementation of annual on-market share buybacks of between 2% and 4% of its issued share capital.

4. Hansa seeks to grow its exposure to private assets.

Hansa’s evergreen structure, long-term investment horizon and the manager’s strong network allows it to invest in private companies through private equity and venture capital funds managed by carefully selected managers. We believe that exposure to private markets has become increasingly important given the trend of companies staying private for longer. The combination with Ocean Wilsons Holdings has immediately increased Hansa’s exposure to private equity from less than 1% of assets to around 10% through the addition of a mature, self-funding portfolio across US, Europe and Asia. The manager aims to further increase that exposure to 20% over time.

Published 11 February 2026