It's been an exiting few months since starting GraySwan Investments and one of its divisions, Reportfolio. Fortunately our Financial Service Board Category I license was approved on the 8th of August 2010, only a few months after application. Kudos to the FSB to get us out of the starting blocks so fast!

GraySwan Investments provides risk and investment advisory services. We most importantly equip our clients to model and understand the impact of extreme events on their investments. Our approach empowers investors to avoid unintended risks in their investment portfolios - we call these unintended risks "Gray Swans".

Reportfolio (derived from reporting on the portfolio) provides our clients with unique analytical risk and return reports, customized peer group surveys as well as specialized transition management services.

To date, we have attracted three large clients. Our clients have approached us directly, which proves to us there is a strong demand for truly independent investment and risk advice as well as fresh and global best practice thinking. Clearly investors are tired of all the conflicts of interest in the investment advisory industry and the lack of choice.

To date, we have conducted various manager selection and mandate-restructuring services, customized peer group surveys, risk and return reporting and even completed a large transition management exercise.

We're also proud to launch both GraySwan and Reportfolio's websites this month. Our Charitable Trust is also up and running with various beneficiaries already benefitting.