Best Execution & Broker Selection Policy

At Embla, our guiding principle is to steward your capital with a quiet but unwavering dedication: we seek not merely to invest, but to deliver the best possible execution. Every transaction echoes our commitment to excellence and to you, our client.

When we and our trusted delegates—portfolio managers, banks, and brokers approved under our supervision—engage in transactions, we weigh manifold factors with careful balance:

• the price offered,

• the costs incurred,

• the speed and certainty of execution and settlement,

• the size and nature of the order, and

• any other relevant consideration that could influence the outcome.
  

These are not merely technical metrics: they are the strands of a tapestry that reflects your fund’s objectives, its risk profile, and the broader investment strategy. The weight of each strand shifts depending on the context of the transaction — the type of instrument, the order’s character, the market venue.

In selecting where and how to execute an order, we choose venues that maximise your potential outcome under these criteria, always guided by what matters most to you.

We review this process regularly. Just as markets evolve, so too do our practices: we monitor, refine and improve to ensure we honour our promise of best execution – not once, but continuously.