@font-face{font-family:"Noto Serif SC";font-style:normal;font-weight:400;font-display:swap;src:url(/assets/fonts/noto-serif-sc.woff2) format("woff2")}@font-face{font-family:Cormorant Garamond;font-style:normal;font-weight:400;font-display:swap;src:url(/assets/fonts/cormorant-garamond.woff2) format("woff2")}:root{--navy:#0B1B35;--gold:#D4A96C;--ivory:#F6F4EF;--ink:#333333;--muted:#73777c;--line:rgba(11,27,53,.17);--serif:"Noto Serif SC","Songti SC","SimSun",serif;--english:"Cormorant Garamond",Georgia,serif;--sans:Inter,"Helvetica Neue","PingFang SC","Microsoft YaHei",sans-serif;--gutter:clamp(24px,6.3vw,120px)}*{box-sizing:border-box}html{scroll-behavior:smooth;scroll-padding-top:100px}body{margin:0;background:var(--ivory);color:var(--navy);font-family:var(--sans);font-size:15px;-webkit-font-smoothing:antialiased}a{color:inherit;text-decoration:none}button{font:inherit;color:inherit;cursor:pointer}button,a{-webkit-tap-highlight-color:transparent}button{border:0;background:none}button:focus-visible,a:focus-visible,summary:focus-visible{outline:2px solid var(--gold);outline-offset:7px}::selection{background:var(--gold);color:var(--navy)}img{max-width:100%;display:block}h1,h2,h3,p{margin:0}h1,h2,h3{font-weight:400}p{line-height:1.9}.wrap{width:100%;max-width:1600px;margin:auto;padding-inline:var(--gutter)}.serif{font-family:var(--serif)}.english{font-family:var(--english)}.eyebrow{font-size:10px;letter-spacing:.23em;text-transform:uppercase;font-weight:500;line-height:1.6}.gold{color:var(--gold)}.section{padding-block:112px}.section-title{font-family:var(--serif);font-size:clamp(29px,3vw,42px);line-height:1.5;letter-spacing:.05em}.section-subtitle{font-family:var(--english);font-size:22px;color:var(--muted);margin-top:10px}.section-kicker{display:flex;align-items:center;gap:14px;margin-bottom:30px}.section-kicker:before{content:"";width:30px;height:1px;background:var(--gold)}.text-link{display:inline-flex;align-items:center;gap:32px;font-size:12px;letter-spacing:.09em;padding:15px 0;border-bottom:1px solid var(--gold);margin-top:32px}.text-link svg{width:30px;transition:transform .25s}.text-link:hover svg{transform:translate(5px)}.arrow{width:28px;height:14px;fill:none;stroke:currentColor;stroke-width:1}.skip{position:fixed;top:10px;left:10px;z-index:100;background:var(--ivory);padding:14px;transform:translateY(-180%)}.skip:focus{transform:none}.header{position:absolute;top:0;left:0;width:100%;z-index:30;color:#fff;border-bottom:1px solid rgba(255,255,255,.15);height:106px;background:#0b1b3521;transition:background .3s}.header .wrap{height:100%;display:flex;align-items:center;justify-content:space-between;gap:24px}.header.scrolled{position:fixed;height:82px;background:#0b1b35f7;box-shadow:0 1px #ffffff12}.brand{display:inline-flex;align-items:center;gap:16px;flex-shrink:0}.logo-symbol{position:relative;display:block;width:75px;height:29px;overflow:hidden}.logo-symbol img{position:absolute;width:85px;height:85px;max-width:none;left:-5px;top:-29px}.wordmark{display:flex;flex-direction:column;gap:6px;white-space:nowrap}.wordmark-en{font-family:Arial,sans-serif;font-size:13px;letter-spacing:.11em}.wordmark-en strong{font-weight:700}.wordmark-zh{font-family:var(--serif);font-size:12px;letter-spacing:.39em}.nav{display:flex;align-items:center;gap:32px;font-size:12px}.nav a{position:relative;padding:10px 0;white-space:nowrap}.nav a:after{content:"";position:absolute;bottom:0;left:0;width:100%;height:1px;background:var(--gold);transform:scaleX(0);transform-origin:left;transition:transform .25s}.nav a:hover:after,.nav a[aria-current=page]:after{transform:scaleX(1)}.lang{border-left:1px solid #ffffff35;padding:6px 0 6px 25px;letter-spacing:.09em;font-size:11px}.menu-toggle{display:none;padding:10px;width:40px;height:40px}.menu-toggle span{display:block;width:23px;height:1px;background:currentColor;margin:6px 0;transition:transform .2s}.mobile-lang{display:none}.hero{position:relative;min-height:740px;height:94svh;max-height:1100px;color:#fff;background:var(--navy);overflow:hidden;display:flex;align-items:center;justify-content:center;text-align:center}.hero-image{position:absolute;top:0;right:0;bottom:0;left:0;width:100%;height:100%;object-fit:cover;object-position:52% 65%;opacity:.67}.hero:after{content:"";position:absolute;top:0;right:0;bottom:0;left:0;background:linear-gradient(180deg,#0b1b3573,#0b1b3533 42%,#0b1b350d 65%,#0b1b359e)}.hero-content{position:relative;z-index:1;padding:0 24px 85px;width:100%}.hero .eyebrow{font-size:10px;letter-spacing:.38em;color:#d8dce2;margin-bottom:38px}.hero h1{font-family:var(--serif);font-size:clamp(39px,4.5vw,72px);line-height:1.6;letter-spacing:.12em;margin-left:.12em;text-shadow:0 2px 28px #07172a30}.hero-english{font-family:var(--english);font-size:clamp(18px,1.9vw,29px);letter-spacing:.02em;color:#e5e6e8;margin-top:18px}.hero-rule{height:1px;width:44px;background:var(--gold);margin:35px auto 26px}.hero-keywords{font-size:12px;letter-spacing:.29em;color:#e0e3e8}.hero-bottom{position:absolute;bottom:36px;left:var(--gutter);right:var(--gutter);z-index:2;display:flex;align-items:flex-end;justify-content:space-between;text-align:left}.hero-bottom .eyebrow{margin:0;color:#ffffff8c;letter-spacing:.18em;font-size:9px}.scroll-link{display:flex;align-items:center;gap:16px;font-size:10px;letter-spacing:.18em;color:#e2e4e8}.scroll-link:before{content:"";height:43px;width:1px;background:linear-gradient(var(--gold),#ffffff22)}.hero-index{font-family:var(--english);font-size:19px;color:#ffffffa3}.hero-index small{font:10px var(--sans);margin-left:15px;color:#ffffff50}.about-grid{display:grid;grid-template-columns:1fr 1.25fr;gap:100px}.about-copy{padding-top:48px}.about-copy>p{font-size:18px;line-height:2.15;letter-spacing:.04em;color:#4f555f}.note{font-size:11px!important;line-height:1.8!important;color:var(--muted)!important;letter-spacing:.02em!important;margin-top:22px}.pillars-section{padding-top:0}.section-line{border-top:1px solid var(--line);padding-top:60px}.section-heading-row{display:flex;justify-content:space-between;align-items:center;margin-bottom:52px}.section-heading-row .section-title{font-size:31px}.section-heading-row .section-subtitle{font-size:20px}.pillars{display:grid;grid-template-columns:repeat(3,1fr)}.pillar{position:relative;padding:0 46px;border-right:1px solid var(--line)}.pillar:first-child{padding-left:0}.pillar:last-child{border-right:0;padding-right:0}.pillar-top{display:flex;justify-content:space-between;align-items:center;margin-bottom:32px}.pillar-number{font-family:var(--english);font-size:20px;color:#9c8057}.line-icon{width:42px;height:42px;fill:none;stroke:#ac8a5b;stroke-width:1}.pillar h3{font-family:var(--serif);font-size:25px;letter-spacing:.06em}.pillar .english{font-size:21px;margin:7px 0 20px;color:#626a76}.pillar>p:last-child{font-size:13px;line-height:2;color:#73777c;max-width:290px}.pillar:hover .line-icon{transform:translateY(-3px);transition:transform .3s}.strategies-section{background:var(--navy);color:#fff}.strategy-layout{display:grid;grid-template-columns:.85fr 1.4fr;gap:100px}.strategies-section .section-subtitle{color:#a1adbe}.strategy-intro{color:#acb6c4;font-size:13px;max-width:270px;margin-top:30px;line-height:2}.strategy-list{border-top:1px solid #ffffff28}.strategy-row{display:grid;grid-template-columns:38px 1fr 32px;gap:20px;align-items:center;border-bottom:1px solid #ffffff28;padding:32px 0;transition:padding .25s,background .25s}.strategy-row:hover{padding-inline:9px;background:#ffffff03}.strategy-row .number{font-size:10px;color:var(--gold);align-self:start;padding-top:10px}.strategy-row h3{font-family:var(--english);font-size:32px;line-height:1.25}.strategy-row p{font-size:12px;letter-spacing:.09em;color:#adb8c8;margin-top:9px}.strategy-row .arrow{color:var(--gold)}.strategies-section .note{color:#9aa6b8!important}.brand-section{position:relative;min-height:440px;display:flex;align-items:center;text-align:center;color:#fff;overflow:hidden}.brand-section>img{position:absolute;top:0;right:0;bottom:0;left:0;width:100%;height:100%;object-fit:cover;object-position:50% 66%;filter:saturate(.55)}.brand-section:after{content:"";position:absolute;top:0;right:0;bottom:0;left:0;background:#0b1b3573}.brand-section .wrap{position:relative;z-index:1}.brand-section .eyebrow{color:#e1c195;margin-bottom:25px}.brand-section h2{font-family:var(--serif);font-size:clamp(25px,2.6vw,40px);letter-spacing:.1em;line-height:1.8}.brand-section p{font-family:var(--english);font-size:23px;color:#e0e4e9;margin-top:18px}.footer{background:var(--navy);color:#fff;padding-top:70px}.footer-main{display:grid;grid-template-columns:1.6fr 1fr 1fr;gap:50px;padding-bottom:55px}.footer-brand p{font-size:11px;letter-spacing:.13em;color:#9da9bc;margin-top:22px}.footer-label{font-size:10px;letter-spacing:.2em;color:#b69a73;margin-bottom:22px;text-transform:uppercase}.footer-links{display:grid;grid-template-columns:1fr 1fr;gap:17px;font-size:12px;color:#b8c1cf}.footer-links a:hover{color:#fff}.footer-contact p{font-size:12px;line-height:1.9;color:#b8c1cf;max-width:270px}.footer-contact a{display:inline-flex;gap:20px;font-size:11px;margin-top:14px;color:#dfc399}.footer-legal{border-top:1px solid #ffffff20;padding:26px 0 25px;display:flex;justify-content:space-between;align-items:start;gap:50px;font-size:10px;line-height:1.8;color:#8695ab}.footer-legal>p{max-width:720px}.legal-buttons{display:flex;gap:24px;white-space:nowrap}.legal-buttons button{font-size:10px;padding:0}.copyright{border-top:1px solid #ffffff10;padding-block:20px;display:flex;justify-content:space-between;font-size:9px;color:#8391a7;letter-spacing:.04em}.copyright span:last-child{letter-spacing:.13em}.back-top{position:fixed;right:24px;bottom:24px;z-index:20;border:1px solid #d4a96c66;background:var(--navy);color:var(--gold);height:40px;width:40px;font-size:18px}.inner-hero{background:var(--navy);color:#fff;padding:190px 0 80px;position:relative;overflow:hidden}.inner-hero .wrap{position:relative;z-index:1}.inner-hero:after{content:"";position:absolute;right:-10%;bottom:-75%;width:650px;height:650px;border:1px solid #d4a96c15;transform:rotate(45deg);pointer-events:none}.breadcrumbs{font-size:10px;letter-spacing:.08em;color:#9daabc;margin-bottom:40px;display:flex;gap:13px}.breadcrumbs a:hover{color:#fff}.inner-hero h1{font-family:var(--serif);font-size:clamp(38px,4vw,60px);letter-spacing:.08em}.inner-hero .english{font-size:30px;color:#aab5c5;margin-top:10px}.inner-deck{max-width:580px;font-size:14px;color:#c0c8d4;margin-top:30px;line-height:2}.editorial-grid{display:grid;grid-template-columns:.8fr 1.3fr;gap:120px}.editorial-body>p{font-size:17px;color:#515964;line-height:2.2;margin-bottom:26px}.editorial-body h3{font-family:var(--serif);font-size:26px;margin-bottom:20px}.editorial-body .note{margin-top:30px}.editorial-image{margin-top:45px;aspect-ratio:16/8;width:100%;object-fit:cover}.values-list{margin-top:40px;border-top:1px solid var(--line)}.value-item{padding:24px 0;border-bottom:1px solid var(--line);display:grid;grid-template-columns:40px 1fr;gap:15px}.value-item .number{font:20px var(--english);color:#a3855b}.value-item h3{font-family:var(--serif);font-size:20px;margin-bottom:8px}.value-item p{font-size:13px;color:#6f7680}.quiet-panel{padding:38px;border:1px solid var(--line);margin-top:35px}.quiet-panel h3{font-size:20px}.quiet-panel p{font-size:13px;color:var(--muted);margin:12px 0 0}.strategy-detail{border-top:1px solid var(--line);padding:60px 0;display:grid;grid-template-columns:60px 1fr 1.1fr;gap:35px;scroll-margin-top:120px}.strategy-detail:last-child{border-bottom:1px solid var(--line)}.strategy-detail>.number{font:24px var(--english);color:#a3855b}.strategy-detail h2{font:36px var(--english);margin-bottom:10px}.strategy-detail h3{font:21px var(--serif)}.strategy-detail>div:last-child>p{color:#656c75;font-size:14px;line-height:2}.tags{display:flex;gap:12px;flex-wrap:wrap;margin-top:25px}.tags span{border-bottom:1px solid #d4a96c90;padding:5px 0;font-size:11px;letter-spacing:.06em;margin-right:15px}.disclosure{font-size:12px;color:#727984;border-left:2px solid var(--gold);padding:12px 22px;line-height:1.9;margin-top:50px}.framework{padding-top:70px;display:grid;grid-template-columns:repeat(4,1fr);gap:25px}.framework-step{border-top:1px solid #b99b72;position:relative;padding:25px 15px 0 0}.framework-step .number{font-family:var(--english);font-size:30px;color:#a3855b}.framework-step h3{font-family:var(--serif);font-size:22px;margin:18px 0 7px}.framework-step .english{font-size:21px;color:#757b84}.framework-step p:last-child{font-size:13px;color:#757b84;margin-top:20px}.framework-step:after{content:"→";position:absolute;right:10px;top:31px;color:#a3855b}.framework-step:last-child:after{display:none}.principle-quote{font-family:var(--serif);font-size:clamp(25px,3vw,42px);line-height:1.8;letter-spacing:.06em;max-width:920px}.philosophy-band{background:#edeae3}.contact-grid{display:grid;grid-template-columns:1fr 1fr;gap:100px}.contact-description{font-size:17px;line-height:2.1;color:#616a75;margin-top:30px;max-width:460px}.contact-item{border-top:1px solid var(--line);padding:28px 0;display:grid;grid-template-columns:130px 1fr;gap:25px}.contact-item:last-child{border-bottom:1px solid var(--line)}.contact-item h3{font-size:13px}.contact-item small{font-family:var(--english);font-size:17px;color:#8c929a;display:block;margin-top:8px}.contact-item p{font-size:13px;color:#747b85}.status-label{font-size:10px;letter-spacing:.08em;color:#96784f;display:inline-block;border-bottom:1px solid #c1a47c;margin-top:12px;padding-bottom:4px}.contact-statement{margin-top:55px;color:#80858c;font-size:11px}.inner-next{background:#ece9e2;padding:50px 0}.inner-next .wrap{display:flex;align-items:center;justify-content:space-between;gap:20px}.inner-next .text-link{margin:0}.inner-next p{font-family:var(--serif);font-size:24px}.dialog-backdrop{position:fixed;top:0;right:0;bottom:0;left:0;background:#050f23ad;z-index:100;display:grid;place-items:center;padding:24px;-webkit-backdrop-filter:blur(4px);backdrop-filter:blur(4px)}.dialog{position:relative;background:var(--ivory);max-width:660px;width:100%;padding:50px;max-height:85svh;overflow:auto;box-shadow:0 20px 100px #0003}.dialog h2{font-family:var(--serif);font-size:29px;margin-bottom:25px}.dialog p{font-size:13px;color:#656c75;margin-top:15px}.dialog-close{position:absolute;right:20px;top:18px;font-size:24px;color:var(--navy)}.dialog .eyebrow{color:#a3855b;margin-bottom:15px}.reveal{animation:rise .7s ease both}@keyframes rise{0%{opacity:0;transform:translateY(13px)}to{opacity:1;transform:none}}@media(min-width:1600px){.hero-content{padding-bottom:105px}.hero h1{font-size:76px}}@media(max-width:1100px){.nav{gap:22px}.header{height:90px}.brand{gap:9px}.wordmark-en{font-size:11px}.logo-symbol{width:65px}.about-grid,.strategy-layout{gap:65px}.pillar{padding-inline:30px}.editorial-grid{gap:65px}.contact-grid{gap:60px}.footer-main{grid-template-columns:1.4fr 1fr 1fr;gap:30px}}@media(max-width:800px){.section{padding-block:75px}.header,.header.scrolled{height:80px}.header .wrap{gap:12px}.nav{position:absolute;top:80px;left:0;right:0;display:none;background:var(--navy);padding:20px var(--gutter) 35px;border-bottom:1px solid #ffffff26;flex-direction:column;align-items:stretch;gap:0}.nav.open{display:flex}.nav a{padding:17px 0;border-bottom:1px solid #ffffff15;font-size:15px}.nav a:after{display:none}.nav a[aria-current=page]{color:var(--gold)}.nav .lang{display:none}.mobile-controls{display:flex;align-items:center;gap:14px}.mobile-lang{display:block;font-size:10px;letter-spacing:.1em}.menu-toggle{display:block}.menu-toggle.open span:first-child{transform:translateY(3.5px) rotate(45deg)}.menu-toggle.open span:last-child{transform:translateY(-3.5px) rotate(-45deg)}.hero{height:90svh;min-height:650px;max-height:900px}.hero h1{font-size:clamp(35px,5.9vw,52px);letter-spacing:.07em}.hero-content{padding-bottom:60px}.hero-english{font-size:23px;max-width:470px;margin-inline:auto;line-height:1.55}.hero .eyebrow{font-size:9px;margin-bottom:30px;letter-spacing:.27em}.hero-keywords{font-size:11px;letter-spacing:.19em}.hero-bottom{bottom:30px}.hero-bottom>.eyebrow{display:none}.hero-image{object-position:62% 55%}.about-grid{grid-template-columns:1fr;gap:28px}.about-copy{padding:0}.about-copy>p{font-size:16px}.section-kicker{margin-bottom:22px}.pillars-section{padding-top:0}.section-line{padding-top:45px}.pillar{padding-inline:24px}.pillar h3{font-size:21px}.pillar .english{font-size:18px}.pillar>p:last-child{font-size:12px}.section-heading-row{margin-bottom:38px}.strategy-layout{grid-template-columns:1fr;gap:35px}.strategy-intro{max-width:500px}.strategy-row{padding-block:27px}.brand-section{min-height:340px}.brand-section p{font-size:20px}.footer{padding-top:50px}.footer-main{grid-template-columns:1fr 1fr;row-gap:40px}.footer-brand{grid-column:1/-1}.footer-legal{flex-direction:column;gap:20px}.inner-hero{padding:150px 0 60px}.editorial-grid{grid-template-columns:1fr;gap:35px}.strategy-detail{grid-template-columns:35px 1fr;gap:20px;padding-block:40px}.strategy-detail>div:last-child{grid-column:2}.framework{grid-template-columns:repeat(2,1fr);gap:45px 25px;padding-top:45px}.contact-grid{grid-template-columns:1fr;gap:40px}.inner-deck{max-width:560px}.inner-next p{font-size:21px}}@media(max-width:520px){:root{--gutter:25px}.header,.header.scrolled{height:76px}.nav{top:76px}.brand{gap:8px}.logo-symbol{width:57px;height:25px}.logo-symbol img{width:67px;height:67px;left:-4px;top:-23px}.wordmark-en{font-size:9px;letter-spacing:.08em}.wordmark-zh{font-size:10px;letter-spacing:.3em;line-height:1.4}.wordmark{gap:4px}.mobile-controls{gap:6px}.hero{min-height:670px;height:92svh;max-height:900px}.hero-content{padding:0 20px 55px}.hero h1{max-width:350px;font-size:42px;line-height:1.7;letter-spacing:.13em;margin:auto}.hero h1 .hero-break{display:block}.hero .eyebrow{font-size:8px;letter-spacing:.24em;margin-bottom:28px}.hero-english{font-size:21px;line-height:1.5;max-width:285px;margin-top:23px}.hero-rule{margin-top:28px;margin-bottom:23px;width:34px}.hero-keywords{font-size:10px;letter-spacing:.16em}.hero-image{object-position:61% center;opacity:.57}.hero-bottom{bottom:27px}.scroll-link{font-size:8px;gap:12px}.scroll-link:before{height:32px}.hero-index{font-size:17px}.hero-index small{font-size:9px;margin-left:10px}.section{padding-block:65px}.section-title{font-size:29px}.section-subtitle{font-size:21px}.about-copy>p{font-size:15px;line-height:2.15}.note{font-size:10px!important}.text-link{font-size:11px;margin-top:22px;padding-bottom:13px;gap:26px}.pillars-section{padding-top:0}.section-heading-row .section-title{font-size:27px}.section-heading-row>.eyebrow{display:none}.pillars{grid-template-columns:1fr}.pillar,.pillar:first-child,.pillar:last-child{padding:28px 0 30px;border-right:0;border-bottom:1px solid var(--line);display:grid;grid-template-columns:50px 1fr;column-gap:17px}.pillar:first-child{padding-top:0}.pillar:last-child{border-bottom:0;padding-bottom:0}.pillar-top{grid-row:1/5;flex-direction:column;justify-content:start;gap:25px;margin:0;align-items:start}.pillar h3{font-size:23px}.pillar .english{font-size:20px;margin-bottom:12px}.pillar>p:last-child{font-size:12px;max-width:none;grid-column:2}.line-icon{width:34px;height:34px}.pillar-number{font-size:19px}.strategy-row{grid-template-columns:24px 1fr 23px;gap:13px;padding-block:28px}.strategy-row h3{font-size:27px}.strategy-row p{font-size:11px}.strategy-row .arrow{width:23px}.strategy-intro{font-size:12px;margin-top:20px}.brand-section{min-height:350px}.brand-section h2{font-size:26px;letter-spacing:.04em;max-width:300px;margin:auto}.brand-section p{font-size:19px;max-width:280px;margin:20px auto 0}.brand-section .eyebrow{font-size:8px}.footer-main{grid-template-columns:1fr;gap:38px;padding-bottom:40px}.footer-brand{grid-column:auto}.footer-brand .logo-symbol{width:65px}.footer-brand .wordmark-en{font-size:11px}.footer-links{max-width:300px}.footer-label{font-size:9px;margin-bottom:18px}.footer-contact p{font-size:11px}.footer-legal{padding-block:23px;font-size:9px}.legal-buttons{gap:25px}.copyright{flex-direction:column;gap:11px;font-size:8px}.back-top{width:33px;height:33px;right:16px;bottom:16px}.inner-hero{padding-top:135px;padding-bottom:50px}.breadcrumbs{margin-bottom:27px;font-size:9px}.inner-hero h1{font-size:36px}.inner-hero .english{font-size:27px}.inner-deck{font-size:13px;line-height:2}.editorial-body>p{font-size:15px}.quiet-panel{padding:25px}.strategy-detail{grid-template-columns:25px 1fr;gap:17px}.strategy-detail h2{font-size:30px}.strategy-detail h3{font-size:19px}.strategy-detail>div:last-child>p{font-size:13px}.framework{grid-template-columns:1fr;gap:35px}.framework-step{padding-top:20px}.framework-step h3{margin-top:10px}.framework-step p:last-child{margin-top:12px}.principle-quote{font-size:25px;line-height:1.9}.contact-description{font-size:15px}.contact-item{grid-template-columns:90px 1fr;gap:20px}.contact-item h3,.contact-item p{font-size:12px}.inner-next .wrap{align-items:start;flex-direction:column;gap:20px}.inner-next p{font-size:20px}.dialog{padding:38px 25px}.dialog h2{font-size:25px}html[lang=en] .hero h1{font-family:var(--english);font-size:49px;line-height:1.14;letter-spacing:0;max-width:350px}html[lang=en] .hero-english{font-family:var(--sans);font-size:12px;line-height:1.9;max-width:240px}html[lang=en] .hero-keywords{font-size:9px;letter-spacing:.09em}html[lang=en] .section-title{font-family:var(--english);font-size:36px;letter-spacing:0}html[lang=en] .strategy-row h3{font-size:26px}}@media(prefers-reduced-motion:reduce){html{scroll-behavior:auto}*,*:before,*:after{animation:none!important;transition:none!important}}.about-copy>.about-secondary{font-size:14px;margin-top:22px;color:#73777c}.legal-native{border:0;padding:0;background:none;max-width:calc(100vw - 48px);max-height:90svh;overflow:visible;color:var(--navy)}.legal-native::backdrop{background:#050f23ad;-webkit-backdrop-filter:blur(4px);backdrop-filter:blur(4px)}.legal-native .dialog{max-height:85svh;overflow:auto}.back-top{display:grid;place-items:center}.strategy-page-intro{font:32px var(--serif);margin-bottom:30px}.strategy-jump{display:flex;flex-wrap:wrap;gap:35px;padding-bottom:40px}.strategy-jump a{font-size:12px;color:#747b85;display:flex;align-items:center;gap:18px;padding-bottom:10px;border-bottom:1px solid #d4a96c88}.strategy-jump a:hover{color:var(--navy)}.philosophy-intro{max-width:630px;font-size:15px;color:#727984;margin-top:30px;line-height:2}.philosophy-note{margin-top:35px}.editorial-image{height:auto}.footer-legal{font-size:11px}.copyright{font-size:10px}.brand-section p.eyebrow{font-family:var(--sans);font-size:10px;letter-spacing:.23em;line-height:1.6}.gold{color:#987448}.strategies-section .gold,.inner-hero .gold{color:var(--gold)}.english-heading{font-family:var(--english)!important;letter-spacing:0!important}html[lang=en] .hero h1{font-family:var(--english);font-size:clamp(48px,5.6vw,84px);line-height:1.12;letter-spacing:0;margin:0 auto;max-width:1120px}html[lang=en] .hero-english{font-family:var(--serif);font-size:22px;letter-spacing:.2em;margin-top:30px}html[lang=en] .section-title,html[lang=en] .inner-hero h1{font-family:var(--english);letter-spacing:0}html[lang=en] .section-title{font-size:42px;line-height:1.22}html[lang=en] .section-heading-row .section-title{font-size:35px}html[lang=en] .pillar h3{font-size:27px}html[lang=en] .pillar .english{font-family:var(--sans);font-size:11px;margin-top:13px}html[lang=en] .brand-section h2,html[lang=en] .principle-quote{font-family:var(--english);letter-spacing:0}html[lang=en] .nav{gap:25px;font-size:11px}html[lang=en] .inner-next p{font-family:var(--english);font-size:29px}@media(max-width:800px){html[lang=en] .nav{gap:0}html[lang=en] .hero h1{font-size:58px}.strategy-jump{gap:18px 30px}}@media(max-width:520px){.about-copy>.about-secondary{font-size:13px}.brand-section p.eyebrow{font-size:8px}.strategy-jump{flex-direction:column;align-items:start}.strategy-page-intro{font-size:28px}.legal-native{max-width:calc(100vw - 36px)}.footer-legal{font-size:10px}.copyright{font-size:9px}html[lang=en] .hero h1{font-size:49px;max-width:350px}html[lang=en] .hero-english{font-size:17px;letter-spacing:.15em}html[lang=en] .section-title{font-size:36px}html[lang=en] .section-heading-row .section-title{font-size:32px}html[lang=en] .brand-section h2{font-size:30px}html[lang=en] .contact-item{grid-template-columns:110px 1fr}html[lang=en] .hero .eyebrow{font-size:7px}}.home-about{padding:100px var(--gutter);background:var(--ivory)}.about-feature{max-width:1360px;margin:auto;display:grid;grid-template-columns:1.15fr 1fr;gap:clamp(45px,6vw,105px);align-items:center}.about-city{position:relative;margin:0;min-width:0;height:590px;overflow:hidden;background:var(--navy)}.about-city>img{height:100%;width:100%;object-fit:cover;object-position:54% center}.about-city:after{content:"";position:absolute;top:0;right:0;bottom:0;left:0;background:linear-gradient(180deg,transparent 40%,#0b1b3520 55%,#0b1b35cf 100%);pointer-events:none}.about-city figcaption{position:absolute;z-index:1;left:42px;bottom:39px;color:#fff}.photo-accent{display:block;width:36px;height:1px;background:var(--gold);margin-bottom:23px}.about-city figcaption p{font-family:var(--english);font-size:33px;line-height:1.28;letter-spacing:.01em}.about-story{padding-block:30px}.about-story>.section-title{font-size:clamp(31px,3vw,42px);margin-bottom:29px}.about-story .about-copy{padding:0}.about-story .about-copy>p:first-child{font-size:18px;line-height:2.1;letter-spacing:.02em}.about-story .about-copy>.about-secondary{font-size:13px;line-height:2.05;margin-top:24px}.about-story .text-link{margin-top:26px}.about-story .note{max-width:390px;font-size:10px!important;margin-top:23px}.home-principles{position:relative;isolation:isolate;background:#111;color:#fff;overflow:hidden}.principles-photo{position:absolute;top:140px;right:0;bottom:0;left:0;width:100%;height:calc(100% - 140px);object-fit:cover;object-position:center 20%;z-index:-3;filter:grayscale(1)}.principles-shade{position:absolute;top:0;right:0;bottom:0;left:0;z-index:-2;background:linear-gradient(180deg,#111,#111 20%,#11111150 37%,#11111110 48%,#111111e6 78%,#111)}.principles-foreground{padding-top:68px;padding-bottom:65px}.home-principles .section-heading-row{align-items:flex-start;margin-bottom:0}.home-principles .section-kicker{font-size:9px;color:#d5d5d5;margin-bottom:23px}.home-principles .section-title{font-size:32px;letter-spacing:.04em}.home-principles .section-subtitle{font-size:21px;color:#e0e0e0;margin-top:12px}.principles-mark{font-size:8px;color:#bcbcbc;padding-top:7px;letter-spacing:.18em}.home-principles .pillars{margin-top:238px}.home-principles .pillar{border-color:#ffffff38;padding-inline:40px}.home-principles .pillar:first-child{padding-left:0}.home-principles .pillar:last-child{padding-right:0}.home-principles .pillar-top{margin-bottom:21px}.home-principles .pillar-number{color:#c9c9c9;font-size:19px}.home-principles .line-icon{width:33px;height:33px;stroke:silver}.home-principles .pillar h3{font-size:25px}.home-principles .pillar .english{color:#e0e0e0;font-size:21px;margin:8px 0 17px}.home-principles .pillar>p:last-child{font-size:12px;line-height:1.95;color:#c9c9c9;max-width:320px}html[lang=en] .about-story>.section-title{font-size:44px;line-height:1.18}html[lang=en] .home-principles .section-title{font-size:38px;max-width:740px}html[lang=en] .home-principles .pillar h3{font-size:27px}html[lang=en] .home-principles .pillar .english{font-size:10px;color:#c6c6c6}@media(min-width:1800px){.home-principles .pillars{margin-top:300px}.principles-foreground{padding-top:85px;padding-bottom:80px}}@media(max-width:1100px){.home-about{padding-block:75px}.about-feature{gap:50px}.about-city{height:570px}.about-city figcaption{left:30px;bottom:33px}.about-city figcaption p{font-size:29px}.about-story .about-copy>p:first-child{font-size:16px}.home-principles .pillar{padding-inline:28px}.home-principles .section-title{font-size:29px}.principles-mark{display:none}}@media(max-width:800px){.home-about{padding-block:65px}.about-feature{gap:35px;grid-template-columns:1fr 1fr}.about-city{height:570px}.about-city figcaption{left:24px;bottom:30px}.about-city figcaption p{font-size:26px}.about-story{padding:0}.about-story>.section-title{font-size:30px;margin-bottom:22px}.about-story .section-kicker{font-size:8px;letter-spacing:.15em;gap:10px}.about-story .about-copy>p:first-child{font-size:15px;line-height:2}.about-story .about-copy>.about-secondary{font-size:12px}.home-principles .pillar{padding-inline:24px}.home-principles .pillar h3{font-size:23px}.home-principles .pillar .english{font-size:19px}.home-principles .pillars{margin-top:235px}.principles-foreground{padding-top:55px;padding-bottom:60px}.home-principles .section-title{font-size:29px}}@media(max-width:620px){.home-about{padding:50px var(--gutter) 57px}.about-feature{grid-template-columns:1fr;gap:33px}.about-city{height:auto;aspect-ratio:1.2}.about-city>img{position:absolute;top:0;right:0;bottom:0;left:0;object-position:54% 45%}.about-city figcaption{left:25px;bottom:26px}.about-city figcaption p{font-size:29px}.photo-accent{margin-bottom:18px}.about-story>.section-title{font-size:30px;margin-bottom:24px}.about-story .section-kicker{font-size:9px;margin-bottom:19px}.about-story .about-copy>p:first-child{font-size:15px;line-height:2.05}.about-story .about-copy>.about-secondary{font-size:13px;margin-top:19px}.about-story .text-link{margin-top:19px}.about-story .note{margin-top:18px;font-size:10px!important}.home-principles .principles-photo{inset:auto 0 auto;top:168px;height:340px;object-position:29% 50%;object-fit:cover}.principles-shade{background:linear-gradient(180deg,#111,#111 160px,#11111120 210px,#11111110 350px,#111111c7,#111 510px)}.principles-foreground{padding-top:47px;padding-bottom:54px}.home-principles .section-heading-row{display:block}.home-principles .section-kicker{font-size:8px;margin-bottom:18px}.home-principles .section-title{font-size:27px;line-height:1.65;max-width:340px}.home-principles .section-subtitle{font-size:20px;margin-top:12px}.home-principles .pillars{margin-top:280px;grid-template-columns:1fr}.home-principles .pillar,.home-principles .pillar:first-child,.home-principles .pillar:last-child{display:grid;grid-template-columns:40px 1fr;gap:0 16px;padding:26px 0;border-right:0;border-bottom:1px solid #ffffff2d}.home-principles .pillar:first-child{padding-top:0}.home-principles .pillar:last-child{border-bottom:0;padding-bottom:0}.home-principles .pillar-top{grid-row:1/5;display:flex;flex-direction:column;align-items:start;gap:18px;margin:0}.home-principles .pillar h3{font-size:23px}.home-principles .pillar .english{font-size:20px;margin-top:6px;margin-bottom:12px}.home-principles .pillar>p:last-child{grid-column:2;max-width:none;font-size:12px;line-height:1.9}.home-principles .line-icon{width:29px;height:29px}html[lang=en] .about-story>.section-title{font-size:40px}html[lang=en] .home-principles .section-title{font-size:32px;line-height:1.2;max-width:340px}html[lang=en] .home-principles .section-subtitle{font-size:18px}html[lang=en] .home-principles .pillar h3{font-size:27px}}@media(max-width:620px){.home-principles .section-title span{display:block}.home-principles .principles-photo{top:218px;height:310px}.home-principles .principles-shade{background:linear-gradient(180deg,#111,#111 210px,#11111120 265px,#11111110 385px,#111111c7 465px,#111 540px)}.home-principles .pillars{margin-top:300px}}.home-about--panorama{padding:72px var(--gutter);background:#fff}.home-about--panorama .about-feature{position:relative;isolation:isolate;display:flex;align-items:center;max-width:1440px;min-height:640px;gap:0;overflow:hidden;background:var(--navy)}.home-about--panorama .about-city{position:absolute;top:0;right:0;bottom:0;left:0;width:100%;height:100%;aspect-ratio:auto;z-index:-1}.home-about--panorama .about-city>img{position:absolute;top:0;right:0;bottom:0;left:0;width:100%;height:100%;object-fit:cover;object-position:52% 45%}.home-about--panorama .about-city:after{background:linear-gradient(90deg,#07152be8,#0b1b35ba 29%,#0b1b3540 55%,#0b1b3510)}.home-about--panorama .about-story{position:relative;width:410px;max-width:44%;margin-left:clamp(40px,5.5vw,88px);padding:76px 0;color:#fff}.home-about--panorama .about-story .section-kicker{font-size:9px;letter-spacing:.21em;color:#e1c193;margin-bottom:31px}.home-about--panorama .about-story>.section-title{font-size:46px;letter-spacing:.035em;line-height:1.5;color:#fff;margin-bottom:27px}.home-about--panorama .about-copy{padding:0}.home-about--panorama .about-copy>p:first-child{font-size:15px;color:#d3dae5;line-height:2.1;letter-spacing:.035em;max-width:350px}.home-about--panorama .about-story .text-link{color:#fff;border-bottom-color:#c5a16e;margin-top:28px;font-size:11px;gap:38px;padding-bottom:14px}.home-about--panorama .text-link .arrow{color:#dfbe8b}html[lang=en] .home-about--panorama .about-story>.section-title{font-size:53px;line-height:1.15;letter-spacing:0}@media(min-width:1800px){.home-about--panorama .about-feature{min-height:700px}}@media(max-width:1000px){.home-about--panorama{padding-block:60px}.home-about--panorama .about-feature{min-height:580px}.home-about--panorama .about-story{margin-left:38px;max-width:45%}.home-about--panorama .about-story>.section-title{font-size:36px}.home-about--panorama .about-copy>p:first-child{font-size:14px}.home-about--panorama .about-city:after{background:linear-gradient(90deg,#07152bf2,#0b1b35b3,#0b1b3526 80%)}html[lang=en] .home-about--panorama .about-story>.section-title{font-size:42px}}@media(max-width:620px){.home-about--panorama{padding:35px 0}.home-about--panorama .about-feature{min-height:710px;align-items:flex-start}.home-about--panorama .about-city{top:0;right:0;bottom:0;left:0;width:100%;height:100%}.home-about--panorama .about-city>img{inset:auto 0 0;width:100%;height:390px;object-position:53% 42%}.home-about--panorama .about-city:after{background:linear-gradient(180deg,#0b1b35,#0b1b35 320px,#0b1b35e8 355px,#0b1b3533 460px,#0b1b350a 575px,#0b1b353d)}.home-about--panorama .about-story{width:100%;max-width:none;margin:0;padding:45px var(--gutter) 0}.home-about--panorama .about-story .section-kicker{font-size:8px;letter-spacing:.18em;margin-bottom:22px}.home-about--panorama .about-story>.section-title{font-size:33px;margin-bottom:22px;letter-spacing:.03em}.home-about--panorama .about-copy>p:first-child{font-size:13px;line-height:2.05;max-width:330px}.home-about--panorama .about-story .text-link{margin-top:21px;font-size:10px;gap:35px}.home-about--panorama .about-copy{padding:0}html[lang=en] .home-about--panorama .about-story>.section-title{font-size:40px;max-width:310px;line-height:1.15}html[lang=en] .home-about--panorama .about-feature{min-height:760px}html[lang=en] .home-about--panorama .about-city>img{height:390px}html[lang=en] .home-about--panorama .about-city:after{background:linear-gradient(180deg,#0b1b35,#0b1b35 370px,#0b1b35e8 400px,#0b1b3533 510px,#0b1b350a 625px,#0b1b353d)}}.home-principles .section-kicker:before{background:#bcbcbc}.research-article{background:#fff}.research-hero{position:relative;isolation:isolate;overflow:hidden;background:#0b1b35;color:#fff;min-height:630px;display:flex;align-items:stretch}.research-hero-photo{position:absolute;z-index:-3;inset:0 0 0 auto;width:78%;height:100%;object-fit:cover;object-position:center 48%}.research-hero-shade{position:absolute;z-index:-2;top:0;right:0;bottom:0;left:0;background:linear-gradient(90deg,#0b1b35 3%,#0b1b35f2 26%,#0b1b3580 60%,#0b1b351f),linear-gradient(0deg,rgba(11,27,53,.3),transparent 55%)}.research-hero-content{padding-top:145px;padding-bottom:60px;width:100%}.research-hero .breadcrumbs{margin:0 0 70px;color:#c0c7d0;font-size:10px;gap:15px}.research-category{color:#d4a96c;font-size:9px;letter-spacing:.21em;margin-bottom:29px}.research-hero h1{font:44px var(--serif);line-height:1.5;letter-spacing:.04em;max-width:850px}.research-hero-subtitle{font:27px var(--english);color:#d6d9df;margin-top:17px;line-height:1.4}.research-hero-rule{display:block;height:1px;width:40px;background:#d4a96c;margin:43px 0 22px}.research-hero-caption{font-size:8px;letter-spacing:.25em;color:#c4cbd5}.research-article--quant .research-hero{background:#111}.research-article--quant .research-hero-photo{filter:grayscale(1);object-position:58% center}.research-article--quant .research-hero-shade{background:linear-gradient(90deg,#111 3%,#111111f2 27%,#11111159 65%,#1111111a),linear-gradient(0deg,rgba(17,17,17,.45),transparent 60%)}.research-article--quant .research-category{color:#d1d1d1}.research-article--quant .research-hero-rule{background:#aaa}.research-article--quant .research-hero-subtitle,.research-article--quant .research-hero-caption,.research-article--quant .breadcrumbs{color:#ccc}.research-article--liquidity .research-hero{min-height:520px}.research-article--liquidity .research-hero-shade{background:linear-gradient(115deg,#0b1b35,#162a44)}.research-two-column{display:grid;grid-template-columns:.9fr 1.1fr;gap:100px}.research-opening{padding:100px 0 85px}.research-label{font-size:9px;letter-spacing:.2em;color:#967448;margin-bottom:30px}.research-opening h2{font:32px var(--serif);line-height:1.9;letter-spacing:.02em}.research-opening h2 span{display:block}.research-lead{font-size:17px;line-height:2.2;color:#455160;padding-top:42px;max-width:620px}.research-focus{padding:0 0 90px}.research-focus-heading{padding-top:32px;border-top:1px solid #dce0e3}.research-focus h2,.research-judgment h2{font:26px var(--serif);line-height:1.6}.research-focus-row{display:grid;grid-template-columns:35px 1fr;gap:22px;border-top:1px solid #dce0e3;padding:32px 0}.research-focus-row:last-child{border-bottom:1px solid #dce0e3}.research-focus-number{font:20px var(--english);color:#967448;padding-top:3px}.research-focus h3{font:23px var(--serif);line-height:1.6}.research-focus-en{font:21px var(--english);color:#78818b;margin-top:5px}.research-focus-copy{font-size:13px;color:#66717e;line-height:2;margin-top:18px;max-width:570px}.research-judgment{background:#f6f4ef;padding:75px 0 80px}.research-judgment .research-label{margin-bottom:25px}.research-judgment .research-two-column>div>p:not(.research-label){font-size:16px;line-height:2.2;color:#455160}.research-citation{border-top:1px solid #d5d5d1;margin-top:35px;padding-top:25px}.research-citation .eyebrow{color:#8b785f;font-size:8px;margin-bottom:15px}.research-citation>p:not(.eyebrow){font:23px var(--english);line-height:1.4}.research-citation>span{display:block;color:#737c87;font-size:10px;margin-top:12px}.research-citation>a{display:inline-flex;gap:25px;align-items:center;font-size:10px;border-bottom:1px solid #ab916d;padding-bottom:9px;margin-top:22px}.research-citation .arrow{width:22px}.research-related{display:grid;grid-template-columns:.9fr 1.1fr;gap:100px;padding-block:50px}.research-back{display:flex;align-items:center;gap:22px;font-size:11px}.research-back .arrow{transform:rotate(180deg);width:25px}.research-next{display:flex;align-items:center;justify-content:space-between;gap:25px;border-left:1px solid #dce0e3;padding-left:35px}.research-next small{display:block;color:#92784f;font-size:8px;margin-bottom:12px}.research-next strong{font:22px var(--serif);line-height:1.5}.research-next>.arrow{flex-shrink:0;width:28px;transition:transform .2s}.research-next:hover>.arrow{transform:translate(5px)}html[lang=en] .research-hero h1{font-family:var(--english);font-size:60px;letter-spacing:0;line-height:1.1;max-width:650px}html[lang=en] .research-hero-subtitle{font:9px var(--sans);letter-spacing:.18em;margin-top:25px}html[lang=en] .research-opening h2{font:42px/1.3 var(--english);letter-spacing:0}html[lang=en] .research-focus h2,html[lang=en] .research-judgment h2{font:33px/1.3 var(--english)}html[lang=en] .research-focus h3,html[lang=en] .research-next strong{font-family:var(--english);font-size:29px}@media(max-width:1000px){.research-two-column,.research-related{gap:60px}.research-hero h1{font-size:39px}.research-opening h2{font-size:29px}.research-lead{font-size:15px}.research-hero-photo{width:90%}}@media(max-width:800px){.research-hero{min-height:540px}.research-hero .breadcrumbs{margin-bottom:65px}.research-hero-photo{width:100%;object-position:60% center}.research-hero-shade{background:linear-gradient(90deg,#0b1b35f7,#0b1b3580),linear-gradient(0deg,rgba(11,27,53,.5),transparent)}.research-two-column{grid-template-columns:1fr;gap:28px}.research-opening{padding:65px 0 55px}.research-lead{padding-top:0;font-size:16px}.research-focus{padding-bottom:60px}.research-focus-heading{border:0;padding-top:0}.research-focus-heading .research-label{margin-bottom:15px}.research-judgment{padding:55px 0}.research-related{gap:30px;grid-template-columns:.7fr 1fr}.research-next{padding-left:25px}.research-next strong{font-size:20px}}@media(max-width:520px){.research-hero{min-height:500px}.research-hero-content{padding-top:125px;padding-bottom:40px}.research-hero .breadcrumbs{font-size:9px;gap:11px;margin-bottom:65px}.research-category{font-size:8px;letter-spacing:.12em;margin-bottom:25px}.research-hero h1{font-size:31px;letter-spacing:.02em}.research-hero-subtitle{font-size:23px;max-width:260px}.research-hero-rule{margin-top:32px}.research-hero-photo{object-position:59% center}.research-article--quant .research-hero-photo{object-position:40% center}.research-article--quant .research-hero-shade{background:linear-gradient(90deg,#111111eb,#11111159),linear-gradient(0deg,rgba(17,17,17,.6),transparent)}.research-opening h2{font-size:28px}.research-label{font-size:8px;margin-bottom:23px}.research-lead{font-size:14px;line-height:2.1}.research-focus h2,.research-judgment h2{font-size:24px}.research-focus-row{grid-template-columns:24px 1fr;gap:15px;padding:26px 0}.research-focus h3{font-size:21px}.research-focus-en{font-size:20px}.research-focus-copy{font-size:12px;margin-top:14px}.research-judgment .research-two-column>div>p:not(.research-label){font-size:14px}.research-related{grid-template-columns:1fr;gap:30px;padding-block:35px}.research-back{font-size:10px}.research-next{border-left:0;border-top:1px solid #dce0e3;padding:25px 0 0}.research-article--liquidity .research-hero{min-height:490px}html[lang=en] .research-hero h1{font-size:43px}html[lang=en] .research-hero-subtitle{font-size:8px;line-height:1.8;max-width:290px}html[lang=en] .research-opening h2{font-size:36px}html[lang=en] .research-focus h3{font-size:27px}}:root{--gutter:clamp(28px,6.4vw,112px);--line:rgba(11,27,53,.16)}body{background:#fff}.header{height:104px;background:transparent;transition:background .25s,color .25s,border-color .25s}.header .wrap{max-width:1720px}.header .nav{gap:34px;font-size:13px}.header .wordmark-en{font-size:14px;letter-spacing:.1em}.header .wordmark-zh{font-size:12px}.header .brand{gap:18px}.nav-secondary{display:none}.header.scrolled,.header--paper,.header.menu-is-open{background:#fff;color:var(--navy);border-color:#0b1b351c;box-shadow:none}.header.scrolled{height:86px}.header.scrolled .lang,.header--paper .lang{border-color:#0b1b3526}.header .nav a:after{height:1px;background:currentColor}.header .nav a:hover{color:var(--gold)}.header.scrolled .nav a:hover,.header--paper .nav a:hover{color:#8e6e43}.hero{height:94svh;min-height:720px;max-height:1120px;justify-content:flex-start;text-align:left}.hero-image{object-position:65% 60%;opacity:.85}.hero:after{background:linear-gradient(90deg,#07162ee8,#07162e8a 55%,#07162e14),linear-gradient(0deg,#09192dd9,transparent 45%,#0b1b353d)}.hero-content{align-self:stretch;max-width:1720px;height:100%;margin:0 auto;padding-inline:var(--gutter);padding-top:clamp(175px,22vh,245px);padding-bottom:120px;display:flex;flex-direction:column;justify-content:center}.hero .eyebrow{font-size:10px;letter-spacing:.24em;color:#d7c2a4;margin:0 0 28px}.hero h1{font-size:clamp(58px,5.8vw,88px);line-height:1.4;letter-spacing:.045em;margin:0;text-shadow:none;max-width:1080px}.hero h1>span{display:block}.hero h1 .hero-break{padding-left:1.3em}.hero-english{font-size:27px;line-height:1.4;letter-spacing:0;margin:30px 0 0 7px;color:#e2e4e8;max-width:510px}.hero-bottom{left:var(--gutter);right:var(--gutter);bottom:40px;align-items:center;border-top:1px solid #ffffff35;padding-top:24px}.scroll-link{font-size:11px;letter-spacing:.05em;gap:30px}.scroll-link:before{display:none}.scroll-link>span{font-size:21px;transition:transform .25s}.scroll-link:hover>span{transform:translateY(4px)}.hero-keywords{font-size:11px;letter-spacing:.14em;color:#c6ced8}.text-link{border-bottom:1px solid currentColor;font-size:12px;letter-spacing:.02em;gap:27px}.text-link:hover{color:#947345}.section{padding-block:120px}.section-kicker{font-size:10px;letter-spacing:.16em;gap:20px}.section-kicker:before{width:36px}.section-title{font-size:clamp(34px,3.3vw,48px);letter-spacing:.025em}.home-about--panorama{padding-block:88px;background:#fff}.home-about--panorama .about-story>.section-title{font-size:46px}.home-about--panorama .about-story .section-kicker{font-size:9px}.home-about--panorama .about-story .text-link:hover{color:#e1c193}.home-principles .principles-foreground{padding-top:80px;padding-bottom:80px}.home-principles .section-title{font-size:37px;letter-spacing:.01em}.home-principles .section-subtitle{font-size:23px}.home-principles .pillar>p:last-child{font-size:13px}.strategies-section{background:#fff;color:var(--navy)}.strategy-layout{grid-template-columns:.85fr 1.15fr;gap:clamp(65px,8vw,130px)}.strategy-overview>.section-title{max-width:440px}.strategies-section .gold{color:#8e6e43}.strategy-intro{font-size:16px;line-height:2;max-width:350px;color:#65707e;margin-top:24px}.strategies-section .text-link{margin-top:22px;color:var(--navy)}.strategy-preview{position:relative;aspect-ratio:1.75;margin:42px 0 0;overflow:hidden;background:#111;max-width:440px}.strategy-preview>img{position:absolute;top:0;right:0;bottom:0;left:0;width:100%;height:100%;object-fit:cover;opacity:0;transition:opacity .45s}.strategy-preview>img.is-active{opacity:1}.strategy-preview>img:nth-child(2){filter:grayscale(1)}.strategy-preview:after{content:"";position:absolute;top:45%;right:0;bottom:0;left:0;background:linear-gradient(transparent,#0009)}.strategy-preview figcaption{position:absolute;z-index:1;bottom:20px;left:24px;font-size:11px;color:#fff;letter-spacing:.08em}.strategy-list{border-color:#0b1b3533}.strategy-row{grid-template-columns:27px 1fr 42px;gap:22px;align-items:start;padding:37px 0;border-color:#0b1b3529;transition:background .25s}.strategy-row:hover{padding:37px 0;background:transparent}.strategy-row .number{color:#8d7859;font:19px var(--english);padding-top:7px}.strategy-row h3{font:29px/1.5 var(--serif);letter-spacing:.015em}.strategy-row p.strategy-translation{font:24px/1.4 var(--english);color:#687584;letter-spacing:0;margin-top:8px}.strategy-row p.strategy-row-description{font:13px/1.95 var(--sans);color:#6a7480;letter-spacing:0;margin-top:18px;max-width:510px}.strategy-access{width:42px;height:42px;display:grid;place-items:center;border:1px solid #aeb6c0;color:var(--navy);margin-top:5px;transition:background .25s,color .25s,border-color .25s}.strategy-row .strategy-access .arrow{width:22px;color:inherit}.strategy-row:hover .strategy-access,.strategy-row:focus-visible .strategy-access{color:#fff;background:var(--navy);border-color:var(--navy)}.brand-section{min-height:470px;text-align:left}.brand-section .wrap{padding-block:70px}.brand-section h2{font-size:42px;line-height:1.7;letter-spacing:.03em}.brand-section p{font-size:26px}.brand-section:after{background:linear-gradient(90deg,#09182ddd,#09182d40)}.inner-hero{background:#fff;color:var(--navy);padding:170px 0 65px;border-bottom:1px solid #0b1b3520}.inner-hero:after{display:none}.inner-hero .breadcrumbs{color:#78828d;margin-bottom:46px}.breadcrumbs a:hover{color:#967448}.inner-hero h1{font-size:clamp(44px,4.5vw,66px);letter-spacing:.035em;line-height:1.5}.inner-hero .english{font-size:31px;color:#7a8591;margin-top:17px}.inner-deck{color:#5d6977;margin-top:28px;font-size:15px}.institutional-intro .editorial-body>p{font-size:18px;color:#52606e}.philosophy-band,.research-selection{background:#f5f4f0}.research-entry{padding-block:39px}.research-entry h3{font-size:27px}.research-entry-description{font-size:13px}.research-entry:hover{background:#fff5}.research-entry-access{font-size:12px}.inner-next{background:#f5f4f0;padding-block:60px}.institutional-strategy .text-link{font-size:12px;color:var(--navy);gap:30px;margin-top:25px}.tags span{font-size:11px;color:#79818a;border-color:#ccc9c1}.footer{padding-top:80px}.footer-main{padding-bottom:65px}.footer-links{font-size:13px;gap:21px}.footer-label{font-size:10px;color:#b6c0ce}.footer-contact a{color:#fff;font-size:12px}.footer-legal{padding-block:30px;color:#9aa7ba;font-size:10px}.copyright{padding-block:25px;font-size:9px;color:#9aa7ba}.research-hero .breadcrumbs a:hover{color:#fff}.research-opening{padding-top:105px}.research-focus-copy{font-size:14px;color:#596674}.research-focus-row{padding-block:35px}.research-judgment{background:#f5f4f0}html[lang=en] .hero h1{font-size:clamp(62px,6.1vw,94px);line-height:1.08;letter-spacing:-.02em;max-width:1050px;margin:0}html[lang=en] .hero h1 .hero-break{max-width:930px;padding-left:.7em;margin-top:10px}html[lang=en] .hero-english{font-size:23px;letter-spacing:.1em;margin:35px 0 0}html[lang=en] .header .nav{font-size:12px;gap:26px}html[lang=en] .strategy-row h3{font:36px/1.15 var(--english);letter-spacing:0}html[lang=en] .strategy-row p.strategy-translation{font:12px/1.7 var(--sans);margin-top:13px}html[lang=en] .strategy-overview .section-title{font-size:50px}@media(min-width:1800px){.hero-bottom{max-width:1496px;margin-inline:auto}.hero-content{padding-top:210px}}@media(max-width:1100px){.header .nav{gap:23px;font-size:12px}.header .brand{gap:10px}.header .wordmark-en{font-size:11px}.strategy-layout{gap:60px}.strategy-row{gap:16px;grid-template-columns:22px 1fr 36px}.strategy-access{width:36px;height:36px}.strategy-row h3{font-size:26px}.hero h1{font-size:66px}.home-principles .section-title{font-size:32px}html[lang=en] .header .nav{font-size:10px;gap:18px}html[lang=en] .strategy-row h3{font-size:31px}}@media(max-width:800px){.header,.header.scrolled{height:80px}.header .wordmark-en{font-size:11px}.nav{top:80px;padding:27px var(--gutter) 40px;background:#fff;color:var(--navy);box-shadow:0 20px 30px #07152b12;max-height:calc(100svh - 80px);overflow-y:auto}.header .nav{gap:0}.header .nav>a{display:flex;align-items:center;justify-content:space-between;gap:20px;font:27px/1.5 var(--serif);padding:19px 0;border-bottom:1px solid #0b1b351c}.nav-secondary{display:block;font:17px var(--english);color:#7d8792}.header .nav a[aria-current=page]{color:var(--navy)}.header .nav a[aria-current=page]>span:first-child{border-bottom:1px solid #a17e4d}.hero{min-height:700px;height:91svh}.hero-content{padding-top:160px;padding-bottom:145px}.hero h1{font-size:61px;line-height:1.45}.hero-english{font-size:25px;margin-left:0;max-width:420px}.hero .eyebrow{font-size:9px;margin-bottom:25px}.hero-keywords{font-size:9px;letter-spacing:.08em}.hero-bottom{bottom:32px;padding-top:22px}.hero-image{object-position:66% center}.section{padding-block:80px}.home-about--panorama{padding-block:60px}.strategy-layout{grid-template-columns:1fr;gap:40px}.strategy-overview{display:grid;grid-template-columns:1fr .8fr;gap:0 40px}.strategy-overview>.section-kicker,.strategy-overview>.section-title,.strategy-overview>.strategy-intro,.strategy-overview>.text-link{grid-column:1}.strategy-overview>.text-link{justify-self:start}.strategy-preview{grid-column:2;grid-row:1/6;width:100%;height:100%;aspect-ratio:auto;margin:0;max-height:280px}.strategy-row{padding-block:30px;grid-template-columns:26px 1fr 42px;gap:22px}.strategy-row:hover{padding-block:30px}.strategy-access{width:42px;height:42px}.strategy-row h3{font-size:29px}.strategy-row p.strategy-translation{font-size:25px}.strategy-row p.strategy-row-description{max-width:600px}.strategy-list{width:100%}.brand-section h2{font-size:35px}.inner-hero{padding-top:145px;padding-bottom:55px}.inner-hero h1{font-size:46px}.inner-hero .breadcrumbs{margin-bottom:30px}.footer{padding-top:60px}.home-principles .principles-foreground{padding-top:60px;padding-bottom:65px}html[lang=en] .hero h1{font-size:66px}html[lang=en] .header .nav>a{font:33px/1.2 var(--english)}html[lang=en] .header .nav{gap:0}html[lang=en] .nav-secondary{font:12px var(--sans)}html[lang=en] .strategy-overview .section-title{font-size:43px}}@media(max-width:520px){:root{--gutter:25px}.header,.header.scrolled{height:76px}.header .brand{gap:8px}.header .wordmark-en{font-size:9px}.header .wordmark-zh{font-size:10px}.nav{top:76px;max-height:calc(100svh - 76px)}.header .nav>a{font-size:25px;padding-block:18px}.nav-secondary{font-size:16px}.hero{min-height:690px;height:92svh;max-height:900px}.hero-content{padding-top:145px;padding-bottom:160px;justify-content:center}.hero h1{font-size:clamp(42px,11.8vw,56px);max-width:none;letter-spacing:.025em;line-height:1.5;margin:0}.hero h1 .hero-break{padding-left:.75em}.hero-english{font-size:23px;line-height:1.35;max-width:290px;margin:28px 0 0}.hero .eyebrow{font-size:8px;letter-spacing:.2em;margin-bottom:24px}.hero-bottom{bottom:28px;display:flex;flex-direction:column;align-items:flex-start;gap:19px;padding-top:20px}.scroll-link{font-size:10px;gap:25px}.hero-keywords{font-size:9px;letter-spacing:.12em}.hero-image{opacity:.8;object-position:66% center}.hero:after{background:linear-gradient(90deg,#07162dd9,#07162d50),linear-gradient(0deg,#09192dde,transparent 65%)}.section{padding-block:65px}.home-about--panorama{padding:35px 0;background:#fff}.home-about--panorama .about-story>.section-title{font-size:33px}.home-about--panorama .about-story .section-kicker{font-size:8px}.section-title{font-size:31px}.section-kicker{font-size:9px;gap:15px}.home-principles .section-title{font-size:27px;line-height:1.65}.home-principles .section-subtitle{font-size:20px}.home-principles .principles-foreground{padding-top:47px;padding-bottom:54px}.home-principles .pillar>p:last-child{font-size:12px}.strategy-overview{display:block}.strategy-intro{font-size:14px;line-height:2;max-width:310px;margin-top:20px}.strategy-preview{display:none}.strategy-layout{gap:35px}.strategies-section .text-link{font-size:11px;margin-top:20px}.strategy-row,.strategy-row:hover{padding-block:28px;grid-template-columns:19px 1fr 32px;gap:13px}.strategy-access{width:32px;height:32px;margin-top:4px}.strategy-access .arrow{width:19px!important}.strategy-row h3{font-size:24px}.strategy-row p.strategy-translation{font-size:22px}.strategy-row p.strategy-row-description{font-size:12px;margin-top:16px;line-height:1.9}.strategy-row .number{font-size:17px;padding-top:5px}.brand-section{min-height:370px}.brand-section .wrap{padding-block:65px}.brand-section h2{font-size:28px;margin:0;max-width:none}.brand-section p{font-size:21px;margin:18px 0 0;max-width:290px}.brand-section p.eyebrow{font-size:8px;margin:0 0 25px}.inner-hero{padding-top:135px;padding-bottom:45px}.inner-hero h1{font-size:38px}.inner-hero .english{font-size:28px;margin-top:13px}.inner-deck{font-size:13px;margin-top:23px}.institutional-intro .editorial-body>p{font-size:15px}.research-entry h3{font-size:23px}.research-entry-description{font-size:12px}.research-entry-access{font-size:11px}.inner-next{padding-block:40px}.footer{padding-top:50px}.footer-main{padding-bottom:40px}.footer-links{font-size:12px;gap:20px}.footer-legal{font-size:10px;padding-block:25px}.copyright{font-size:9px;line-height:1.8}.research-opening{padding-top:65px}.research-focus-copy{font-size:12px}.research-focus-row{padding-block:26px}html[lang=en] .hero h1{font-size:clamp(40px,11.8vw,52px);line-height:1.09;max-width:350px}html[lang=en] .hero h1 .hero-break{padding-left:0;margin-top:17px;max-width:340px}html[lang=en] .hero-english{font-size:18px;letter-spacing:.1em;max-width:280px;margin-top:25px}html[lang=en] .hero .eyebrow{font-size:8px}html[lang=en] .hero-keywords{font-size:8px;letter-spacing:.05em}html[lang=en] .strategy-row h3{font-size:29px;line-height:1.15}html[lang=en] .strategy-row p.strategy-translation{font-size:11px}html[lang=en] .strategy-overview .section-title{font-size:40px}html[lang=en] .brand-section h2{font-size:32px}}.investment-directory{background:#fff;color:var(--navy);padding-block:60px 64px}.investment-directory-head{display:grid;grid-template-columns:1fr 1fr;gap:70px;align-items:end;padding-bottom:48px}.investment-directory-head .section-kicker{font-size:10px;letter-spacing:.15em;margin-bottom:25px}.investment-directory-head .section-title{font:42px/1.4 var(--serif);letter-spacing:.02em}.investment-directory-intro{max-width:480px;justify-self:end;min-width:0;padding-bottom:3px}.investment-directory-intro>p{font:17px/1.95 var(--sans);letter-spacing:0;color:#4e5b69}.investment-directory-intro .text-link{font-size:12px;margin-top:18px;padding-block:9px;gap:31px}.investment-entries{border-top:1px solid #929ba5}.investment-entry{position:relative;display:grid;grid-template-columns:36px minmax(240px,.95fr) minmax(220px,1fr) 42px;gap:30px;align-items:center;min-height:180px;padding:34px 0;border-bottom:1px solid #d5dbe0;isolation:isolate;transition:color .25s}.investment-entry:before{content:"";position:absolute;inset:0 calc(var(--gutter) * -1);background:#f6f4ef;opacity:0;z-index:-1;transition:opacity .25s}.investment-entry:hover:before,.investment-entry:focus-visible:before{opacity:1}.investment-entry-number{align-self:start;padding-top:9px;font:11px/1.5 var(--sans);color:#897251}.investment-entry-title{min-width:0}.investment-entry-title h3{font:30px/1.5 var(--serif);letter-spacing:.015em}.investment-entry-title>p{font:25px/1.25 var(--english);color:#697786;margin-top:11px}.investment-entry-description{font:14px/2 var(--sans);color:#4e5b69;max-width:430px;margin-right:26px}.investment-entry-arrow{width:42px;height:42px;border:1px solid #aab1b8;border-radius:50%;display:grid;place-items:center;transition:background .25s,border-color .25s,color .25s}.investment-entry-arrow .arrow{width:23px;transition:transform .25s}.investment-entry:hover .investment-entry-arrow,.investment-entry:focus-visible .investment-entry-arrow{color:#fff;border-color:var(--navy);background:var(--navy)}.investment-entry:hover .investment-entry-arrow .arrow{transform:translate(2px)}.investment-directory-foot{display:flex;justify-content:space-between;align-items:center;gap:25px;padding-top:25px;font:11px/1.9 var(--sans);color:#63707d}.investment-directory-foot>a{display:inline-flex;align-items:center;gap:19px;white-space:nowrap;color:var(--navy)}.investment-directory-foot .arrow{width:25px}.home-about--panorama{padding-bottom:50px}html[lang=en] .investment-directory-head .section-title{font:56px/1.1 var(--english);letter-spacing:0}html[lang=en] .investment-entry-title h3{font:40px/1.12 var(--english);letter-spacing:0}html[lang=en] .investment-entry-title>p{font:11px/1.8 var(--sans);margin-top:13px;max-width:310px}html[lang=en] .investment-entry-description{font-size:14px;line-height:1.85}@media(max-width:1100px){.investment-directory-head{gap:45px}.investment-entry{grid-template-columns:26px minmax(210px,.95fr) minmax(180px,1fr) 38px;gap:21px}.investment-entry-title h3{font-size:28px}.investment-entry-title>p{font-size:24px}.investment-entry-description{font-size:13px;margin-right:5px}.investment-entry-arrow{width:38px;height:38px}html[lang=en] .investment-entry-title h3{font-size:35px}}@media(max-width:800px){.investment-directory{padding-block:42px 50px}.investment-directory-head{gap:35px;padding-bottom:38px}.investment-directory-head .section-title{font-size:37px}.investment-directory-intro>p{font-size:15px}.investment-entry{grid-template-columns:24px 1fr 38px;gap:16px 20px;min-height:0;padding-block:29px}.investment-entry-number{grid-row:1/3;padding-top:8px}.investment-entry-title{grid-column:2;grid-row:1}.investment-entry-description{grid-column:2;grid-row:2;max-width:560px;margin:0}.investment-entry-arrow{grid-column:3;grid-row:1/3}.investment-entry-title h3{font-size:28px}.investment-entry-title>p{margin-top:9px}.investment-directory-foot{font-size:10px}html[lang=en] .investment-directory-head .section-title{font-size:46px}}@media(max-width:520px){.investment-directory{padding-block:29px 40px}.investment-directory-head{grid-template-columns:1fr;gap:24px;padding-bottom:33px}.investment-directory-head .section-kicker{margin-bottom:22px;font-size:9px}.investment-directory-head .section-title{font-size:32px}.investment-directory-intro{justify-self:start}.investment-directory-intro>p{font:14px/1.95 var(--sans)}.investment-directory-intro .text-link{font-size:11px;margin-top:13px;padding-block:8px;gap:27px}.investment-entry{grid-template-columns:18px 1fr 32px;gap:14px 13px;padding-block:28px}.investment-entry-number{font-size:10px;padding-top:8px}.investment-entry-title h3{font-size:25px;line-height:1.5}.investment-entry-title>p{font-size:23px;line-height:1.2;margin-top:7px}.investment-entry-description{font-size:13px;line-height:1.95;grid-column:2/4}.investment-entry-arrow{width:32px;height:32px;grid-row:1;align-self:center}.investment-entry-arrow .arrow{width:19px}.investment-directory-foot{align-items:flex-start;flex-direction:column;gap:16px;font-size:10px;padding-top:21px}.home-about--panorama{padding-bottom:30px}html[lang=en] .investment-directory-head .section-title{font-size:42px}html[lang=en] .investment-entry-title h3{font-size:32px}html[lang=en] .investment-entry-title>p{font-size:10px}html[lang=en] .investment-entry-description{font-size:13px}}:root{--text:#4e5b69;--rule:#d5dbe0;--section-space:104px}.wrap,.header .wrap,.hero-content{max-width:1600px}.section{padding-block:var(--section-space)}.section-title{font:36px/1.55 var(--serif);letter-spacing:.02em}.section-kicker{font-size:10px;letter-spacing:.15em;margin-bottom:27px}.section-kicker.gold{color:#8a704e}html[lang=en] .section-title{font:46px/1.16 var(--english);letter-spacing:0}.inner-hero.institutional-title{padding:158px 0 58px;background:#fff;color:var(--navy);border-bottom:1px solid var(--rule)}.inner-hero.institutional-title .breadcrumbs{font-size:11px;letter-spacing:0;color:#667482;margin-bottom:40px}.inner-hero.institutional-title h1{font:50px/1.4 var(--serif);letter-spacing:.02em}.inner-hero.institutional-title .english{font:25px/1.3 var(--english);color:#697786;margin-top:12px}.inner-hero.institutional-title .inner-deck{font:17px/2 var(--sans);color:var(--text);max-width:790px;margin-top:29px;letter-spacing:0}html[lang=en] .inner-hero.institutional-title h1{font:66px/1.08 var(--english);letter-spacing:-.015em}html[lang=en] .inner-hero.institutional-title .inner-deck{font-size:17px;line-height:1.8;max-width:790px}.editorial-grid,.conviction-layout,.contact-grid{display:grid;grid-template-columns:.8fr 1.2fr;gap:88px;align-items:start}.institutional-intro .section-title{max-width:410px}.institutional-intro .editorial-body>p{font:17px/2.05 var(--sans);color:var(--text);margin:0 0 24px}.institutional-intro .editorial-body>p:last-child{margin-bottom:0}.institutional-panorama{margin:64px 0 0;overflow:hidden;background:var(--navy);aspect-ratio:2.6}.institutional-panorama img{width:100%;height:100%;object-fit:cover;object-position:50% 46%}.institutional-positioning{position:relative;overflow:hidden;background:#0b1b32;color:#fff;padding-block:128px}.institutional-positioning:after{content:"";position:absolute;right:-130px;top:-260px;width:690px;height:690px;border:1px solid #d8b67e20;transform:rotate(45deg);pointer-events:none}.institutional-positioning .wrap{position:relative;z-index:1}.institutional-positioning-intro{display:grid;grid-template-columns:1.04fr .96fr;column-gap:110px;padding-bottom:72px;border-bottom:1px solid #ffffff3b}.institutional-positioning-intro .section-kicker{grid-column:1;color:#d6b77f;margin-bottom:30px}.institutional-positioning-intro .section-title{grid-column:1;max-width:650px;font-size:48px;line-height:1.45;color:#fff}.institutional-positioning-intro>p:last-child{grid-column:2;grid-row:1/span 2;align-self:end;max-width:570px;color:#bec8d4;font:16px/2.05 var(--sans)}.institutional-focus{display:grid;grid-template-columns:1fr 1fr}.institutional-focus>article{position:relative;min-height:330px;padding:55px 64px 56px 0;border-bottom:1px solid #ffffff2d}.institutional-focus>article:nth-child(odd){border-right:1px solid #ffffff2d}.institutional-focus>article:nth-child(2n){padding-left:64px}.institutional-focus-number{display:block;color:#d4b477;font:11px/1.4 var(--sans);letter-spacing:.12em;margin-bottom:43px}.institutional-focus h3{font:30px/1.45 var(--serif);letter-spacing:.02em;color:#fff}.institutional-focus p{max-width:570px;font:14px/2 var(--sans);color:#aebaca;margin-top:20px}.institutional-positioning-close{display:grid;grid-template-columns:.65fr 1.35fr;column-gap:70px;row-gap:18px;padding-top:82px}.institutional-positioning-close .section-kicker{color:#d6b77f;margin:11px 0 0}.institutional-positioning-statement{grid-column:2;max-width:850px;font:clamp(35px,3.1vw,50px)/1.5 var(--serif);letter-spacing:.025em}.institutional-positioning-close>p:last-child{grid-column:2;max-width:600px;color:#9eacbc;font:13px/2 var(--sans)}html[lang=en] .institutional-positioning-intro .section-title{font:56px/1.12 var(--english);letter-spacing:0}html[lang=en] .institutional-focus h3{font:36px/1.15 var(--english);letter-spacing:0}html[lang=en] .institutional-positioning-statement{font:52px/1.14 var(--english);letter-spacing:0}.conviction-list h3{font:500 19px/1.5 var(--sans);letter-spacing:0}.conviction-list p{font:15px/1.95 var(--sans);color:var(--text);margin-top:12px}.conviction-layout>.section-title{max-width:420px}.conviction-list article{display:grid;grid-template-columns:30px 1fr;gap:22px;padding:29px 0;border-top:1px solid var(--rule)}.conviction-list article:first-child{padding-top:0;border-top:0}.conviction-list article:last-child{padding-bottom:0;border-bottom:0}.conviction-list .number{font:12px/1.6 var(--sans);color:#8a704e;padding-top:3px}.strategy-research-section{padding:0 0 84px}.institutional-strategy{display:grid;grid-template-columns:.8fr 1.2fr;gap:88px;padding:62px 0;border-top:1px solid var(--rule);scroll-margin-top:115px}.institutional-strategy:first-child{border-top:0}.institutional-strategy:last-child{border-bottom:0;padding-bottom:0}.strategy-index{font:10px/1.6 var(--sans);letter-spacing:.11em;color:#897251;margin-bottom:23px}.institutional-strategy .strategy-detail-heading h2{font:33px/1.5 var(--serif);letter-spacing:.015em;margin:0}.strategy-translation{font:25px/1.3 var(--english);color:#6f7c89;margin-top:10px}.institutional-strategy .strategy-detail-copy>p{font:17px/2 var(--sans);color:var(--text)}.institutional-strategy .strategy-detail-copy>.strategy-perspective-copy{font-size:15px;margin-top:19px}.strategy-topics{list-style:none;margin:27px 0 0;padding:0;display:flex;flex-wrap:wrap;gap:10px 0;color:#6b7580;font:12px/1.7 var(--sans)}.strategy-topics li+li:before{content:"·";display:inline-block;margin-inline:14px;color:#9c8d78}.institutional-strategy .text-link{font-size:12px;gap:29px;margin-top:27px;color:var(--navy);padding-block:10px;border-bottom-color:#8a704e}html[lang=en] .institutional-strategy .strategy-detail-heading h2{font:44px/1.12 var(--english);letter-spacing:0;max-width:400px}.portfolio-lens{background:var(--navy);color:#fff;padding-block:88px;scroll-margin-top:85px}.portfolio-lens-layout{display:grid;grid-template-columns:.8fr 1.2fr;gap:88px}.portfolio-lens-heading .section-kicker{font-size:10px;letter-spacing:.14em;color:#d7b88d;margin-bottom:27px}.portfolio-lens-heading h2{font:33px/1.6 var(--serif);letter-spacing:.015em;max-width:390px}.portfolio-lens-heading>p{font:14px/2 var(--sans);color:#bdc6d2;margin-top:24px;max-width:340px}.portfolio-lens-list>article{display:block;padding:26px 0;border-top:1px solid #ffffff30}.portfolio-lens-list>article:first-child{padding-top:0;border-top:0}.portfolio-lens-list>article:last-child{padding-bottom:0;border-bottom:0}.portfolio-lens-list h3{font:500 19px/1.5 var(--sans)}.portfolio-lens-list p{font:14px/2 var(--sans);color:#c1cad6;margin-top:12px;max-width:600px}html[lang=en] .portfolio-lens-heading h2{font:44px/1.12 var(--english);letter-spacing:0;max-width:430px}html[lang=en] .portfolio-lens-list h3{font:500 19px/1.5 var(--sans)}.research-selection{background:var(--ivory)}.research-section-head{display:flex;justify-content:space-between;align-items:flex-end;gap:30px;margin-bottom:42px}.research-section-head .section-kicker{margin-bottom:20px}.research-section-head .text-link{margin:0;padding-block:11px;white-space:nowrap}.research-ledger{border-top:1px solid #929ba5}.research-entry{display:grid;grid-template-columns:1fr 145px;align-items:center;gap:60px;padding:37px 0;border-bottom:1px solid #cfd4d8;transition:color .2s}.research-entry-main{max-width:880px;min-width:0}.research-entry-meta{font:11px/1.8 var(--sans);color:#776b5b;display:flex;flex-wrap:wrap;align-items:center;gap:12px;margin-bottom:15px}.research-entry-meta>span:nth-child(2){color:#a5a09a}.research-entry h3{font:28px/1.55 var(--serif);letter-spacing:.01em;transition:color .2s}.research-entry-description{font:14px/1.9 var(--sans);color:var(--text);margin-top:12px}.research-entry-access{display:flex;align-items:center;justify-content:flex-end;gap:20px;font:12px/1.6 var(--sans);color:var(--navy);white-space:nowrap}.research-entry-access .arrow{width:27px;transition:transform .2s}.research-entry:hover,.research-entry:focus-visible{background:transparent}.research-entry:hover h3{color:#8b6a40}.research-entry:hover .research-entry-access .arrow{transform:translate(5px)}.research-selection--featured .research-ledger{display:grid;grid-template-columns:1fr 1fr;gap:68px;border:0}.research-selection--featured .research-entry{display:flex;flex-direction:column;align-items:stretch;justify-content:space-between;gap:0;padding:29px 0 0;border-top:1px solid #929ba5;border-bottom:0;min-height:242px}.research-selection--featured .research-entry h3{font-size:29px}.research-selection--featured .research-entry-access{justify-content:flex-start;margin-top:30px}html[lang=en] .research-entry h3{font:36px/1.16 var(--english);letter-spacing:0}html[lang=en] .research-selection--featured .research-entry h3{font-size:39px}.inner-next{background:#fff;padding-block:45px;border-top:1px solid var(--rule)}.inner-next .wrap{display:grid;grid-template-columns:.8fr 1.2fr;gap:88px;align-items:center}.inner-next p.next-label{font:11px/1.6 var(--sans);color:#6c7783;letter-spacing:.03em}html[lang=en] .inner-next p.next-label{font:11px/1.6 var(--sans)}.next-page{display:flex;justify-content:space-between;align-items:center;gap:30px}.next-page h2{font:29px/1.5 var(--serif);letter-spacing:.015em}.next-page .arrow{width:36px;flex-shrink:0;transition:transform .2s}.next-page:hover .arrow{transform:translate(5px)}html[lang=en] .next-page h2{font:38px/1.15 var(--english);letter-spacing:0}.institutional-contact{min-height:230px;align-items:start}.contact-channel{padding-block:29px;border-top:1px solid var(--rule);border-bottom:1px solid var(--rule)}.contact-channel .eyebrow{font:11px/1.6 var(--sans);letter-spacing:.1em;color:#7b6a54}.contact-pending{font:17px/1.9 var(--sans);color:var(--text);margin-top:22px}.research-email{display:flex;align-items:center;justify-content:space-between;gap:20px;font:30px var(--english);margin-top:25px;word-break:break-word}.home-principles{scroll-margin-top:86px}.home-principles .principles-foreground{padding-top:64px;padding-bottom:20px;position:relative;z-index:2}.home-principles .section-heading-row{align-items:center;gap:40px}.home-principles .section-kicker{margin-bottom:21px}.home-principles .principles-visual{position:relative;isolation:isolate;width:100%;max-width:1920px;height:clamp(300px,25vw,420px);margin:0 auto;overflow:hidden}.home-principles .principles-photo{position:absolute;top:0;right:0;bottom:0;left:0;width:100%;height:100%;object-fit:cover;object-position:50% 30%;z-index:0;filter:grayscale(1)}.home-principles .principles-shade{position:absolute;top:0;right:0;bottom:0;left:0;z-index:1;pointer-events:none;background:linear-gradient(180deg,#111,#1110 12%,#1110 83%,#111)}.home-principles .principles-content{padding-top:25px;padding-bottom:72px}.home-principles .pillars{margin-top:0}.home-principles .principles-mark{display:flex;align-items:center;gap:23px;font:11px/1.6 var(--sans);letter-spacing:0;text-transform:none;color:#cecece;padding-top:12px}.home-principles .principles-mark .arrow{width:25px}.home-principles .section-title{font-size:38px;line-height:1.5;letter-spacing:.015em}.home-principles .section-title span{display:inline}.home-principles .section-subtitle{font-size:25px;color:#d8d8d8}.home-principles .pillar>p:last-child{font:13px/2 var(--sans);color:#dedede;max-width:340px}html[lang=en] .home-principles .section-title{font:46px/1.12 var(--english);letter-spacing:0;max-width:900px}html[lang=en] .home-principles .section-title span{display:block}html[lang=en] .home-principles .pillar h3{font:32px/1.18 var(--english);letter-spacing:0}html[lang=en] .home-principles .pillar>p:last-child{margin-top:21px;font-size:14px;line-height:1.85}@media(max-width:1100px){.editorial-grid,.conviction-layout,.contact-grid,.institutional-strategy,.portfolio-lens-layout,.inner-next .wrap{gap:55px}.research-selection--featured .research-ledger{gap:45px}.home-principles .principles-mark{display:none}}@media(max-width:800px){:root{--section-space:76px}.section-title{font-size:32px}html[lang=en] .section-title{font-size:41px}.inner-hero.institutional-title{padding-top:134px;padding-bottom:44px}.inner-hero.institutional-title .breadcrumbs{margin-bottom:30px}.inner-hero.institutional-title h1{font-size:43px}.inner-hero.institutional-title .inner-deck{font-size:16px;max-width:690px}html[lang=en] .inner-hero.institutional-title h1{font-size:58px}html[lang=en] .inner-hero.institutional-title .inner-deck{font-size:16px}.editorial-grid,.conviction-layout,.contact-grid,.institutional-strategy,.portfolio-lens-layout{grid-template-columns:1fr;gap:34px}.institutional-intro .editorial-body>p{font-size:16px}.institutional-panorama{margin-top:43px;aspect-ratio:2}.institutional-positioning{padding-block:88px}.institutional-positioning-intro{grid-template-columns:1fr;gap:26px;padding-bottom:54px}.institutional-positioning-intro .section-kicker,.institutional-positioning-intro .section-title,.institutional-positioning-intro>p:last-child{grid-column:1;grid-row:auto}.institutional-positioning-intro .section-title{font-size:40px;max-width:620px}.institutional-positioning-intro>p:last-child{max-width:680px;font-size:15px}html[lang=en] .institutional-positioning-intro .section-title{font-size:48px}.institutional-focus>article{min-height:300px;padding-right:38px}.institutional-focus>article:nth-child(2n){padding-left:38px}.institutional-positioning-close{padding-top:66px;grid-template-columns:.5fr 1.5fr;column-gap:44px}.strategy-research-section{padding-block:0 60px}.institutional-strategy{padding-block:44px}.institutional-strategy>div:last-child{grid-column:auto}.strategy-index{margin-bottom:15px}.institutional-strategy .strategy-detail-heading h2{font-size:31px}.portfolio-lens{padding-block:66px}.portfolio-lens-heading h2{font-size:31px;max-width:none}.portfolio-lens-heading>p{max-width:550px;margin-top:17px}.research-entry{grid-template-columns:1fr;gap:23px;padding-block:31px}.research-entry-access{justify-content:flex-start}.research-entry h3{font-size:25px}.research-selection--featured .research-ledger{gap:32px}.research-selection--featured .research-entry h3{font-size:25px}.inner-next .wrap{grid-template-columns:1fr;gap:20px}.inner-next{padding-block:35px}.next-page h2{font-size:27px}.home-principles .section-title{font-size:32px}.home-principles .principles-foreground{padding-top:54px;padding-bottom:18px}.home-principles .principles-content{padding-top:24px;padding-bottom:58px}html[lang=en] .home-principles .section-title{font-size:42px}html[lang=en] .home-principles .pillar h3{font-size:27px}}@media(max-width:620px){.institutional-positioning{padding-block:70px}.institutional-positioning-intro{padding-bottom:46px}.institutional-positioning-intro .section-title{font-size:34px}.institutional-positioning-intro>p:last-child{font-size:14px;line-height:2}html[lang=en] .institutional-positioning-intro .section-title{font-size:41px}.institutional-focus{grid-template-columns:1fr}.institutional-focus>article,.institutional-focus>article:nth-child(2n){min-height:0;padding:38px 0 42px;border-right:0;border-bottom:1px solid #ffffff2d}.institutional-focus-number{margin-bottom:25px}.institutional-focus h3{font-size:27px}.institutional-focus p{font-size:13px;line-height:2}html[lang=en] .institutional-focus h3{font-size:32px}.institutional-positioning-close{grid-template-columns:1fr;row-gap:18px;padding-top:56px}.institutional-positioning-close .section-kicker,.institutional-positioning-statement,.institutional-positioning-close>p:last-child{grid-column:1}.institutional-positioning-close .section-kicker{margin-bottom:18px}.institutional-positioning-statement{font-size:32px;line-height:1.5}html[lang=en] .institutional-positioning-statement{font-size:39px;line-height:1.15}.research-selection--featured .research-ledger{grid-template-columns:1fr;gap:37px}.research-selection--featured .research-entry{min-height:0}.home-principles .section-title{font-size:28px}.home-principles .section-title span{display:block}.home-principles .principles-foreground{padding-top:45px;padding-bottom:20px}.home-principles .principles-visual{height:auto;aspect-ratio:2326/1308}.home-principles .principles-photo{object-fit:contain;object-position:center}.home-principles .principles-shade{background:linear-gradient(180deg,#111,#1110 10%,#1110 88%,#111)}.home-principles .principles-content{padding-top:22px;padding-bottom:52px}.home-principles .pillars{margin-top:0}.home-principles .section-subtitle{font-size:22px}.home-principles .pillar>p:last-child{max-width:none}html[lang=en] .home-principles .section-title{font-size:36px;line-height:1.15}html[lang=en] .home-principles .pillar>p:last-child{font-size:13px;line-height:1.9;margin-top:14px}}@media(max-width:520px){:root{--section-space:62px}.section-title{font-size:29px}html[lang=en] .section-title{font-size:37px}.section-kicker{font-size:9px;margin-bottom:22px}.inner-hero.institutional-title{padding-top:121px;padding-bottom:34px}.inner-hero.institutional-title .breadcrumbs{font-size:10px;margin-bottom:29px}.inner-hero.institutional-title h1{font-size:36px;line-height:1.4}.inner-hero.institutional-title .english{font-size:24px;margin-top:11px}.inner-hero.institutional-title .inner-deck{font-size:14px;line-height:2;margin-top:24px}html[lang=en] .inner-hero.institutional-title h1{font-size:48px;line-height:1.08}html[lang=en] .inner-hero.institutional-title .inner-deck{font-size:14px;line-height:1.85}.editorial-grid,.conviction-layout,.contact-grid{gap:29px}.institutional-intro .editorial-body>p{font-size:14px;line-height:2;margin-bottom:20px}.institutional-panorama{margin-top:34px;aspect-ratio:1.45}.institutional-panorama img{object-position:53% center}.conviction-list h3{font-size:18px}.conviction-list p{font-size:13px;line-height:2;margin-top:11px}.conviction-list article{grid-template-columns:22px 1fr;gap:15px;padding-block:24px}.conviction-list .number{font-size:10px;padding-top:5px}.strategy-research-section{padding-bottom:48px}.institutional-strategy{padding-block:37px;gap:24px}.strategy-index{font-size:9px;margin-bottom:16px}.institutional-strategy .strategy-detail-heading h2{font-size:28px}.strategy-translation{font-size:24px}.institutional-strategy .strategy-detail-copy>p{font-size:15px;line-height:1.95}.institutional-strategy .strategy-detail-copy>.strategy-perspective-copy{font-size:13px;line-height:2;margin-top:17px}.strategy-topics{font-size:11px;gap:7px 0;margin-top:21px}.strategy-topics li+li:before{margin-inline:10px}.institutional-strategy .text-link{font-size:11px;margin-top:21px}html[lang=en] .institutional-strategy .strategy-detail-heading h2{font-size:38px}.portfolio-lens{padding-block:54px}.portfolio-lens-layout{gap:30px}.portfolio-lens-heading .section-kicker{font-size:9px;margin-bottom:22px}.portfolio-lens-heading h2{font-size:28px;line-height:1.5;max-width:320px}.portfolio-lens-heading>p{font-size:13px;line-height:1.95;margin-top:19px}.portfolio-lens-list>article{padding-block:23px}.portfolio-lens-list h3{font-size:18px}.portfolio-lens-list p{font-size:13px;line-height:1.95;margin-top:10px}html[lang=en] .portfolio-lens-heading h2{font-size:38px}.research-section-head{display:flex;align-items:flex-start;flex-direction:column;gap:22px;margin-bottom:31px}.research-section-head .section-kicker{margin-bottom:19px}.research-section-head .text-link{font-size:11px;padding-block:8px}.research-entry{padding-block:29px}.research-entry-meta{font-size:10px;gap:10px;margin-bottom:13px}.research-entry h3,.research-selection--featured .research-entry h3{font-size:24px;line-height:1.6}.research-entry-description{font-size:13px;line-height:1.95;margin-top:11px}.research-entry-access{font-size:11px;gap:23px}.research-selection--featured .research-entry-access{margin-top:23px}html[lang=en] .research-entry h3,html[lang=en] .research-selection--featured .research-entry h3{font:32px/1.15 var(--english)}.next-page h2{font-size:26px}html[lang=en] .next-page h2{font-size:34px}.contact-channel{padding-block:25px}.contact-pending{font-size:14px;line-height:1.9;margin-top:21px}}.contact-cities{list-style:none;padding:0;margin:47px 0 0;display:grid;grid-template-columns:repeat(4,minmax(0,1fr));max-width:none;gap:40px}.contact-cities li{display:flex;flex-direction:column;gap:12px}.contact-city-name{font:28px/1.5 var(--serif);letter-spacing:.04em}.contact-city-english{font:10px/1.6 var(--sans);letter-spacing:.17em;color:#77828d;text-transform:uppercase}.contact-email-item{padding-left:34px;border-left:1px solid #cfd4da}.contact-email-links{display:flex;flex-direction:column;gap:12px}.contact-email-links>span{display:flex;flex-direction:column;align-items:flex-start;gap:2px}.contact-email-links small{font:8px/1.5 var(--sans);letter-spacing:.13em;color:#89929d}.contact-email-item a{width:max-content;max-width:100%;font:13px/1.7 var(--sans);letter-spacing:.045em;color:#5f6b78;border-bottom:1px solid #b58b52;padding-bottom:3px;transition:color .2s,border-color .2s}.contact-email-item a:hover{color:var(--navy);border-bottom-color:var(--navy)}html[lang=en] .contact-city-name{font:40px/1.15 var(--english);letter-spacing:0}.contact-page .institutional-title{padding-bottom:54px}.contact-enquiries{padding-block:85px 105px}.contact-introduction .section-title{font-size:32px;max-width:420px}.contact-introduction>p:last-child{font:14px/2 var(--sans);color:#65707d;max-width:320px;margin-top:24px}.contact-form{width:100%;max-width:620px;justify-self:end}.contact-field{margin-bottom:25px}.contact-field label{display:block;font:12px/1.6 var(--sans);letter-spacing:.035em;color:var(--navy)}.contact-field input,.contact-field textarea{display:block;width:100%;font:16px/1.55 var(--sans);color:var(--navy);border:0;border-bottom:1px solid #aeb7c0;border-radius:0;background:transparent;padding:8px 0 9px;outline:none;transition:border-color .2s;box-shadow:none}.contact-field textarea{min-height:62px;resize:vertical;line-height:1.8;padding-top:8px;padding-bottom:7px}.contact-field textarea::placeholder{color:#65707d;opacity:1}.contact-field input:focus,.contact-field textarea:focus{border-bottom-color:var(--navy);box-shadow:0 1px 0 var(--navy)}.contact-field input:focus-visible,.contact-field textarea:focus-visible{outline:0}.contact-field input:disabled,.contact-field textarea:disabled{opacity:.65}.contact-field--inquiry{margin-top:2px}.contact-form-note{font:11px/1.9 var(--sans);color:#707b86;margin-top:6px}.contact-submit{margin-top:27px;min-width:153px;display:inline-flex;align-items:center;justify-content:space-between;gap:42px;background:var(--navy);color:#fff;border:1px solid var(--navy);padding:14px 22px;font:12px/1.7 var(--sans);transition:background .2s}.contact-submit:hover{background:#172c49}.contact-submit:disabled{cursor:wait;opacity:.7}.contact-submit .arrow{width:26px}.contact-form-error{font:12px/1.8 var(--sans);color:#815338;margin-top:18px}.contact-confirmation{border-top:1px solid #aeb7c0;min-height:280px;padding-top:31px;width:100%;max-width:620px;justify-self:end}.confirmation-line{display:block;width:32px;height:1px;background:#a17b48;margin-bottom:25px}.contact-confirmation h3{font:29px/1.5 var(--serif)}.contact-confirmation p{font:14px/1.9 var(--sans);color:#65707d;margin-top:17px}html[lang=en] .contact-introduction .section-title{font:44px/1.15 var(--english);letter-spacing:0;max-width:390px}html[lang=en] .contact-confirmation h3{font:38px/1.15 var(--english)}@media(max-width:800px){.contact-cities{grid-template-columns:repeat(3,minmax(0,1fr));max-width:none;gap:30px;margin-top:38px}.contact-email-item{grid-column:1/-1;padding:24px 0 0;border-left:0;border-top:1px solid #cfd4da}.contact-enquiries{padding-block:65px 75px}.contact-page .institutional-contact{gap:42px}.contact-form,.contact-confirmation{max-width:none}.contact-introduction>p:last-child{max-width:550px}}@media(max-width:520px){.contact-cities{gap:20px;margin-top:33px}.contact-cities li{gap:9px}.contact-city-name{font-size:25px}.contact-city-english{font-size:8px;letter-spacing:.09em;white-space:nowrap}.contact-email-item{padding-top:21px}.contact-email-item a{font-size:12px}.contact-page .institutional-title{padding-bottom:35px}.contact-enquiries{padding-block:52px 62px}.contact-introduction .section-title{font-size:28px}.contact-introduction>p:last-child{font-size:13px;line-height:1.9;margin-top:19px}.contact-page .institutional-contact{gap:37px}.contact-field{margin-bottom:24px}.contact-field label{font-size:11px}.contact-field input,.contact-field textarea{font-size:15px;padding-block:8px}.contact-field textarea{min-height:58px}.contact-form-note{font-size:10px;line-height:1.9}.contact-submit{font-size:11px;padding:13px 20px;min-width:142px;margin-top:24px}.contact-confirmation{min-height:210px;padding-top:25px}.contact-confirmation h3{font-size:26px}.contact-confirmation p{font-size:13px}html[lang=en] .contact-city-name{font-size:clamp(22px,5.9vw,28px);white-space:nowrap}html[lang=en] .contact-introduction .section-title{font-size:36px}html[lang=en] .contact-confirmation h3{font-size:33px}}.header{overflow:visible}.nav{gap:30px}.nav-group{height:100%;display:flex;align-items:center}.nav-trigger{position:relative;display:inline-flex;align-items:center;gap:8px;height:100%;padding:10px 0;border:0;background:transparent;color:inherit;font:inherit;white-space:nowrap;cursor:pointer}.nav-trigger:after{content:"";position:absolute;left:0;right:0;bottom:0;height:1px;background:currentColor;transform:scaleX(0);transform-origin:right center;transition:transform .25s ease}.nav-trigger:hover:after,.nav-group.is-open .nav-trigger:after,.nav-trigger[aria-current=page]:after{transform:scaleX(1);transform-origin:left center}.nav-trigger:hover,.nav-group.is-open .nav-trigger{color:var(--gold)}.nav-chevron{font:13px/1 var(--sans);transform:translateY(-1px);transition:transform .25s ease}.nav-group.is-open .nav-chevron{transform:rotate(180deg) translateY(1px)}.mega-menu{position:absolute;top:100%;left:0;right:0;z-index:40;background:#fff;color:var(--navy);border-top:1px solid #0b1b3524;box-shadow:0 18px 35px #0b1b3512;padding:36px 0 43px}.header .mega-menu-inner{height:auto;max-width:1600px;margin:0 auto;padding:0 var(--gutter);display:grid;grid-template-columns:repeat(var(--mega-columns,4),minmax(0,1fr));gap:0;align-items:stretch}.mega-column{min-width:0}.mega-column{padding:3px 34px 0;border-left:1px solid var(--rule)}.mega-column:first-child{padding-left:0;border-left:0}.mega-column:last-child{padding-right:0}.mega-heading{margin:0 0 17px;color:var(--navy);font:600 16px/1.5 var(--sans);letter-spacing:.015em}.mega-description{min-height:66px;margin:0 0 15px;color:#3f4852;font:14px/1.75 var(--sans);max-width:275px}.mega-links{display:grid;grid-template-columns:1fr;gap:2px;max-width:370px}.mega-link{position:relative;display:flex!important;align-items:center;justify-content:space-between;gap:18px;min-height:40px;padding:8px 0!important;color:var(--text)!important;font:14px/1.6 var(--sans)!important;white-space:normal!important}.mega-link:after{display:none!important}.mega-link:hover{color:#8b6a40!important}.mega-link-arrow{flex:0 0 auto;color:#ac8c61;font:17px/1 var(--sans);opacity:0;transform:translate(-4px);transition:opacity .2s,transform .2s}.mega-link:hover .mega-link-arrow,.mega-link:focus-visible .mega-link-arrow{opacity:1;transform:translate(0)}.conviction-list>article[id],.research-selection[id]{scroll-margin-top:24px}@media(min-width:801px){.mobile-controls{display:none}}@media(min-width:801px)and (max-width:950px){html[lang=en] .header>.wrap{gap:16px}html[lang=en] .header .nav{gap:10px}html[lang=en] .header .lang{padding-left:14px}}@media(max-width:800px){.nav{gap:0}.nav-group{height:auto;display:block}.header .nav>.nav-link,.nav-trigger{width:100%;height:auto;display:grid;grid-template-columns:minmax(0,1fr) auto;align-items:center;gap:6px 14px;padding:19px 0;border-bottom:1px solid #0b1b3518;color:var(--navy);font:27px/1.5 var(--serif);text-align:left;white-space:normal}.nav-trigger:after{display:none}.header .nav>.nav-link>span:first-child{justify-self:start}.header .nav>.nav-link .nav-secondary,.nav-trigger .nav-secondary{display:block;grid-column:1;grid-row:2;margin:0;color:#65707d;font:17px/1.3 var(--english)}.nav-trigger .nav-chevron{grid-column:2;grid-row:1/3;color:#8b6a40;font-size:17px}html[lang=en] .header .nav>.nav-link,html[lang=en] .nav-trigger{font:32px/1.16 var(--english)}html[lang=en] .header .nav>.nav-link .nav-secondary,html[lang=en] .nav-trigger .nav-secondary{font:12px/1.5 var(--sans)}.mega-menu{position:static;box-shadow:none;border-top:0;border-bottom:1px solid #0b1b3518;background:#fff;padding:23px 0 26px}.header .mega-menu-inner{display:block;padding:0 0 0 20px;border-left:1px solid var(--rule)}.mega-column,.mega-column:first-child,.mega-column:last-child{padding:0;border-left:0}.mega-column+.mega-column{margin-top:25px;padding-top:21px;border-top:1px solid #0b1b3518}.mega-heading{margin-bottom:10px;font-size:13px}.mega-description{min-height:0;margin-bottom:8px;font-size:12px;line-height:1.7;max-width:430px}.mega-links{display:block}.mega-link{min-height:44px;padding:10px 0!important;font:15px/1.6 var(--sans)!important}.mega-link-arrow{opacity:1;transform:none;font-size:14px}}@media(max-width:520px){.header .nav>.nav-link,.nav-trigger{padding-block:18px;font-size:25px}html[lang=en] .header .nav>.nav-link,html[lang=en] .nav-trigger{font-size:clamp(26px,7.7vw,32px)}.mega-menu{padding-block:17px 21px}.mega-column+.mega-column{margin-top:21px;padding-top:18px}.mega-link{padding-block:10px!important;font-size:14px!important}.contact-field input,.contact-field textarea{font-size:16px}}.responsibility-lead{display:grid;grid-template-columns:minmax(0,1fr) minmax(0,1.25fr);min-height:690px;background:#111923;color:#fff}.responsibility-lead-copy{display:flex;flex-direction:column;justify-content:center;padding:90px 70px 90px max(var(--gutter),calc((100vw - 1600px)/2 + var(--gutter)))}.responsibility-lead-copy .eyebrow{color:var(--gold);margin-bottom:32px}.responsibility-lead-copy h2{font:clamp(38px,4vw,68px)/1.3 var(--serif);letter-spacing:.03em}.responsibility-lead-copy h2 span{display:block}.responsibility-lead-copy>p:last-child{max-width:580px;margin-top:42px;color:#c5ccd4;font:15px/2.05 var(--sans)}.responsibility-lead-visual{min-height:690px;overflow:hidden}.responsibility-lead-visual img{width:100%;height:100%;object-fit:cover;object-position:center;filter:saturate(.72) contrast(1.03)}.responsibility-pillars{background:#f4f1ea}.responsibility-heading{margin-bottom:70px}.responsibility-heading .section-title{max-width:760px}.responsibility-pillar-grid{display:grid;grid-template-columns:repeat(3,1fr);border-top:1px solid #aeb5bc}.responsibility-pillar-grid article{padding:38px 42px 10px 0;min-height:300px;border-right:1px solid #cbd0d4}.responsibility-pillar-grid article+article{padding-left:42px}.responsibility-pillar-grid article:last-child{border-right:0}.responsibility-pillar-grid article>span{font:18px/1 var(--english);color:#aa895b}.responsibility-pillar-grid h3{margin-top:48px;font:30px/1.4 var(--serif)}.responsibility-pillar-grid p{margin-top:20px;color:#5e6872;font:14px/2 var(--sans)}.responsibility-standards{background:var(--navy);color:#fff;padding:120px 0}.responsibility-standards-layout{display:grid;grid-template-columns:.85fr 1.15fr;gap:120px}.responsibility-standards .eyebrow{color:var(--gold);margin-bottom:27px}.responsibility-standards h2{font:clamp(35px,3.4vw,54px)/1.35 var(--serif)}.responsibility-standards-layout>div:first-child>p:last-child{max-width:440px;margin-top:30px;color:#aeb8c6;font:14px/2 var(--sans)}.responsibility-standard-list{border-top:1px solid #ffffff36}.responsibility-standard-list article{display:grid;grid-template-columns:50px 1fr;gap:28px;padding:28px 0;border-bottom:1px solid #ffffff2c}.responsibility-standard-list article>span{color:var(--gold);font:13px/1.6 var(--english)}.responsibility-standard-list h3{font:24px/1.45 var(--serif)}.responsibility-standard-list p{margin-top:8px;color:#aeb8c6;font:13px/1.9 var(--sans)}.responsibility-page .inner-hero.institutional-title{padding:164px 0 82px;background:#f5f3ee}.responsibility-page .institutional-title .wrap{display:grid;grid-template-columns:.72fr 1.28fr;column-gap:100px;align-items:end}.responsibility-page .institutional-title .breadcrumbs{grid-column:1/-1;margin-bottom:58px}.responsibility-page .institutional-title h1{grid-column:1;grid-row:2/4;font:400 clamp(48px,4.2vw,68px)/1.24 var(--serif);font-style:normal;letter-spacing:.06em;color:#0b1b32;align-self:center}.responsibility-page .institutional-title .english{grid-column:2;display:flex;align-items:center;gap:22px;font:500 12px/1.5 var(--sans);font-style:normal;letter-spacing:.16em;text-transform:uppercase;color:#91744e;margin:0 0 25px}.responsibility-page .institutional-title .english:before{content:"";width:42px;height:1px;background:#b68b50;flex:0 0 auto}.responsibility-page .institutional-title .inner-deck{grid-column:2;max-width:750px;margin:0;font:18px/2.05 var(--sans);color:#3f4d5d}.responsibility-page .responsibility-lead-copy h2,.responsibility-page .responsibility-standards h2,.responsibility-page .responsibility-pillar-grid h3,.responsibility-page .responsibility-standard-list h3,.responsibility-page .eyebrow{font-style:normal}html[lang=en] .responsibility-lead-copy h2,html[lang=en] .responsibility-standards h2{font-family:var(--english);letter-spacing:-.02em}html[lang=en] .responsibility-page .institutional-title h1{font-family:var(--english);font-size:clamp(48px,4vw,66px);line-height:1.04;letter-spacing:-.025em}html[lang=en] .responsibility-pillar-grid h3,html[lang=en] .responsibility-standard-list h3{font-family:var(--english)}@media(max-width:1100px){.responsibility-page .institutional-title .wrap{grid-template-columns:.8fr 1.2fr;column-gap:60px}.responsibility-page .institutional-title h1{font-size:46px;white-space:nowrap}.responsibility-lead{grid-template-columns:1fr 1fr}.responsibility-lead-copy{padding-right:55px}.responsibility-standards-layout{gap:70px}.responsibility-pillar-grid article{padding-right:25px}.responsibility-pillar-grid article+article{padding-left:25px}}@media(max-width:800px){.responsibility-page .inner-hero.institutional-title{padding:136px 0 58px}.responsibility-page .institutional-title .wrap{grid-template-columns:1fr;gap:0}.responsibility-page .institutional-title .breadcrumbs,.responsibility-page .institutional-title h1,.responsibility-page .institutional-title .english,.responsibility-page .institutional-title .inner-deck{grid-column:1;grid-row:auto}.responsibility-page .institutional-title .breadcrumbs{margin-bottom:38px}.responsibility-page .institutional-title h1{font-size:58px;margin-bottom:31px}.responsibility-page .institutional-title .english{margin-bottom:22px}.responsibility-page .institutional-title .inner-deck{font-size:16px}.responsibility-lead{grid-template-columns:1fr;min-height:0}.responsibility-lead-copy{padding:78px var(--gutter)}.responsibility-lead-visual{min-height:480px}.responsibility-heading{margin-bottom:50px}.responsibility-pillar-grid{grid-template-columns:1fr}.responsibility-pillar-grid article,.responsibility-pillar-grid article+article{min-height:0;padding:30px 0 34px;border-right:0;border-bottom:1px solid #cbd0d4}.responsibility-pillar-grid h3{margin-top:22px}.responsibility-standards{padding:85px 0}.responsibility-standards-layout{grid-template-columns:1fr;gap:55px}}@media(max-width:520px){.responsibility-page .inner-hero.institutional-title{padding:120px 0 48px}.responsibility-page .institutional-title .breadcrumbs{margin-bottom:31px}.responsibility-page .institutional-title h1{font-size:44px;margin-bottom:27px}.responsibility-page .institutional-title .english{gap:14px;font-size:9px;letter-spacing:.12em;margin-bottom:20px}.responsibility-page .institutional-title .english:before{width:27px}.responsibility-page .institutional-title .inner-deck{font-size:14px;line-height:2}.responsibility-lead-copy{padding-block:64px}.responsibility-lead-copy h2{font-size:37px}.responsibility-lead-copy>p:last-child{font-size:13px;margin-top:31px}.responsibility-lead-visual{min-height:360px}.responsibility-pillar-grid h3{font-size:27px}.responsibility-pillar-grid p{font-size:13px}.responsibility-standards{padding:68px 0}.responsibility-standards-layout{gap:42px}.responsibility-standard-list article{grid-template-columns:38px 1fr;gap:16px}.responsibility-standard-list h3{font-size:22px}html[lang=en] .responsibility-page .institutional-title h1{font-size:42px}}.article-container{width:calc(100% - var(--gutter) * 2);max-width:860px;margin-inline:auto}.editorial-article{padding-top:0;background:#fff}.article-heading{padding-top:158px;padding-bottom:43px;border-bottom:1px solid #d5dbe0}.article-heading .breadcrumbs{margin-bottom:40px;font-size:10px;color:#667482;letter-spacing:0;gap:13px;flex-wrap:wrap}.article-category{display:flex;flex-wrap:wrap;gap:12px;font:11px/1.8 var(--sans);color:#7e6d55;letter-spacing:.025em;margin-bottom:23px}.article-category>span:nth-child(2){color:#a3a7aa}.article-heading h1{font:46px/1.5 var(--serif);letter-spacing:.015em;color:var(--navy)}.article-subtitle{font:27px/1.3 var(--english);color:#6b7a89;margin-top:12px}.article-deck{font:17px/2 var(--sans);color:#4e5b69;margin-top:29px;max-width:800px}.article-body{padding-top:44px;padding-bottom:43px}.article-thesis{padding:36px 40px;margin-bottom:48px;background:#f5f3ee;border-left:2px solid #b28e59}.article-thesis .eyebrow{font:10px/1.6 var(--sans);letter-spacing:.15em;color:#8a704e}.article-thesis h2{font:30px/1.55 var(--serif);margin:19px 0;color:var(--navy)}.article-thesis>p:last-child{font:15px/2 var(--sans);color:#4e5b69}html[lang=en] .article-thesis h2{font:38px/1.2 var(--english)}.philosophy-outlook{background:#0b1b32;color:#fff;padding:94px 0}.philosophy-outlook .section-kicker{color:#d6b77f}.philosophy-outlook h2{font:clamp(32px,3.4vw,48px)/1.5 var(--serif);max-width:950px}.philosophy-outlook-body{display:grid;grid-template-columns:1fr 1fr;gap:72px;margin-top:45px;padding-top:38px;border-top:1px solid #ffffff30}.philosophy-outlook-body p{font:16px/2.1 var(--sans);color:#c0cbd7}html[lang=en] .philosophy-outlook h2{font:54px/1.15 var(--english)}@media(max-width:800px){.philosophy-outlook{padding:70px 0}.philosophy-outlook-body{grid-template-columns:1fr;gap:25px}.philosophy-outlook-body p{font-size:15px}}@media(max-width:520px){.article-thesis{padding:27px 23px;margin-bottom:34px}.article-thesis h2{font-size:25px}.article-thesis>p:last-child{font-size:13px}.philosophy-outlook{padding:58px 0}.philosophy-outlook-body{margin-top:30px;padding-top:28px}.philosophy-outlook-body p{font-size:14px}.philosophy-outlook h2{font-size:30px}html[lang=en] .philosophy-outlook h2{font-size:39px}html[lang=en] .article-thesis h2{font-size:31px}}.article-focus>h2,.article-perspective>h2{font:26px/1.5 var(--serif);margin-bottom:29px;letter-spacing:.015em}.article-focus-item{margin-bottom:29px}.article-focus-item:last-child{margin-bottom:0}.article-focus-item h3{font:500 18px/1.6 var(--sans);margin-bottom:12px}.article-focus-item p,.article-perspective>p{font:15px/2.05 var(--sans);color:#4e5b69}.article-perspective{margin-top:39px;padding-top:33px;border-top:1px solid #dce1e5}.article-perspective>h2{margin-bottom:22px}.editorial-article .research-citation{margin-top:34px;padding-top:27px;border-top:1px solid #dce1e5}.editorial-article .research-citation .eyebrow{font-size:10px;letter-spacing:.07em;color:#7e6d55}.editorial-article .research-citation>p:not(.eyebrow){font:17px/1.65 var(--sans);color:var(--navy);margin-top:18px}.editorial-article .research-citation>span{font:12px/1.7 var(--sans);color:#687582;display:block;margin-top:12px}.editorial-article .research-citation>a{font:12px/1.6 var(--sans);display:inline-flex;gap:23px;margin-top:20px}.editorial-article .research-related{display:flex;align-items:center;justify-content:space-between;gap:40px;padding:29px 0 45px;border-top:1px solid #d5dbe0}.editorial-article .research-next{padding-left:0;border:0;gap:30px;max-width:58%}.editorial-article .research-next small{font:10px/1.7 var(--sans);letter-spacing:.05em;color:#697784;margin-bottom:11px}.editorial-article .research-next strong{font:24px/1.5 var(--serif);letter-spacing:0}.editorial-article .research-back{font-size:12px;gap:17px;color:var(--navy)}html[lang=en] .article-heading h1{font:62px/1.08 var(--english);letter-spacing:-.015em}html[lang=en] .article-focus>h2,html[lang=en] .article-perspective>h2{font:35px/1.2 var(--english);letter-spacing:0}html[lang=en] .editorial-article .research-next strong{font:31px/1.12 var(--english)}@media(max-width:1000px){.article-container{max-width:780px}.article-heading h1{font-size:43px}}@media(max-width:800px){.article-heading{padding-top:132px;padding-bottom:36px}.article-heading .breadcrumbs{margin-bottom:33px}.article-heading h1{font-size:38px}.article-deck{font-size:16px;margin-top:25px}.article-body{padding-top:35px;padding-bottom:35px}.article-focus-item p,.article-perspective>p{font-size:14px}html[lang=en] .article-heading h1{font-size:54px}}@media(max-width:520px){.article-heading{padding-top:120px;padding-bottom:30px}.article-heading .breadcrumbs{font-size:9px;margin-bottom:28px;gap:10px}.article-category{font-size:10px;letter-spacing:0;gap:10px;margin-bottom:19px}.article-heading h1{font-size:31px;line-height:1.5;letter-spacing:.01em}.article-subtitle{font-size:24px;margin-top:11px}.article-deck{font-size:14px;line-height:2;margin-top:23px}.article-body{padding-top:30px;padding-bottom:30px}.article-focus>h2,.article-perspective>h2{font-size:23px;margin-bottom:24px}.article-focus-item h3{font-size:17px;margin-bottom:10px}.article-focus-item p,.article-perspective>p{font-size:13px;line-height:2}.article-focus-item{margin-bottom:26px}.article-perspective{margin-top:31px;padding-top:27px}.editorial-article .research-related{flex-direction:column;align-items:stretch;gap:26px;padding-block:27px 33px}.editorial-article .research-next{max-width:none;border-top:1px solid #dce1e5;padding-top:23px}.editorial-article .research-next strong{font-size:21px}.editorial-article .research-back{font-size:11px}.editorial-article .research-citation>p:not(.eyebrow){font-size:14px}.editorial-article .research-citation>span{font-size:11px}html[lang=en] .article-heading h1{font-size:43px;line-height:1.09}html[lang=en] .article-focus>h2,html[lang=en] .article-perspective>h2{font-size:31px}html[lang=en] .editorial-article .research-next strong{font-size:28px}}.hero{width:100%;height:100svh;min-height:680px;max-height:none;align-items:flex-end;text-align:left;background:#07162e}.hero-media,.hero-video,.hero-poster{position:absolute;top:0;right:0;bottom:0;left:0;width:100%;height:100%}.hero-media{overflow:hidden;background:#07162e}.hero-video,.hero-poster{object-fit:cover;object-position:57% 50%}.hero-poster{z-index:0;display:block;filter:saturate(.52) contrast(1.08)}.hero-video{z-index:1;display:block;opacity:0;filter:saturate(.52) contrast(1.08);transition:opacity .65s cubic-bezier(.22,.61,.36,1)}.hero-video.is-current.is-ready{opacity:1}.hero-video.is-current.is-leaving{opacity:0}.hero-video.is-next.is-entering{opacity:1}.hero-video-preload{position:absolute;width:1px;height:1px;overflow:hidden;opacity:0;pointer-events:none}.hero-video--1{object-position:57% 50%}.hero-video--2{object-position:52% 50%;filter:saturate(.44) contrast(1.08) brightness(.78)}.hero-video--3{object-position:50% 52%;filter:saturate(.48) contrast(1.1) brightness(.82)}.hero-video--4{object-position:50% 46%;filter:saturate(.4) contrast(1.1) brightness(.83)}.hero-video--5{object-position:50% 52%;filter:saturate(.38) contrast(1.1) brightness(.78)}.hero-video--6{object-position:50% 48%;filter:saturate(.58) contrast(1.12) brightness(.72)}.hero-video--7{object-position:50% 50%}.hero-video--8{object-position:63% 48%;transform:scale(1.34);transform-origin:100% 50%;filter:saturate(.36) contrast(1.14) brightness(.8)}.hero-video--9{object-position:50% 48%;filter:saturate(.42) contrast(1.12) brightness(.74)}.hero:after{z-index:2;background:linear-gradient(90deg,#040f21cc,#05112470 40%,#05112417 72%),linear-gradient(0deg,#030d1de6,#030d1d40 42%,#030d1d1a 70%,#030d1d57)}.hero-content{z-index:3;max-width:none;margin:0;padding:150px var(--gutter) clamp(54px,7vh,84px)}.hero-statement{position:relative;max-width:1180px;padding:0}.hero-statement:before{display:none}.hero h1{max-width:1180px;font-size:clamp(66px,7.2vw,116px);line-height:1.18;letter-spacing:.06em;text-shadow:0 8px 34px rgba(0,0,0,.3)}.hero .eyebrow{letter-spacing:.32em;margin-bottom:24px;color:#e2c18f}.hero-english{max-width:620px;margin-top:20px;font-size:clamp(20px,1.8vw,29px);color:#ffffffe0}.hero-keywords{font-size:10px;letter-spacing:.22em;color:#ffffffc7;margin:32px 0 0;padding-top:17px;border-top:1px solid rgba(255,255,255,.36);width:min(620px,100%)}html[lang=en] .hero h1{max-width:1120px;margin:0;font-size:clamp(64px,7vw,112px);line-height:1.02}@media(prefers-reduced-motion:reduce){.hero-video{display:none}}@media(max-width:800px){.hero{height:100svh;min-height:680px;max-height:none}.hero-content{padding:130px var(--gutter) 52px}.hero h1{font-size:clamp(58px,9.6vw,78px);line-height:1.28}.hero-keywords{font-size:9px;letter-spacing:.13em;margin:28px 0 0;padding-top:15px;max-width:480px}html[lang=en] .hero h1{font-size:clamp(56px,9.5vw,76px);line-height:1.04}}@media(max-width:520px){.hero{height:100svh;min-height:640px;max-height:none}.hero-content{padding:110px 24px 42px}.hero h1{max-width:350px;margin:0;font-size:clamp(43px,12.2vw,58px);line-height:1.4}.hero-english{font-size:19px;line-height:1.38;max-width:290px;margin-top:18px}.hero-keywords{font-size:8px;letter-spacing:.09em;margin:24px 0 0;padding-top:14px;line-height:1.8}.hero-video,.hero-poster{object-position:58% center}.hero:after{background:linear-gradient(90deg,#040f21d1,#05112457 70%),linear-gradient(0deg,#030d1df0,#030d1d4d 58%,#030d1d47)}html[lang=en] .hero h1{max-width:350px;margin:0;font-size:clamp(44px,12vw,58px);line-height:1.04}}.header{background:linear-gradient(90deg,#07162e9e,#07162e6b);border-bottom-color:#ffffff38;box-shadow:0 10px 34px #040e1f1f;-webkit-backdrop-filter:saturate(125%) blur(16px);backdrop-filter:saturate(125%) blur(16px);transition:height .3s ease,background .3s ease,border-color .3s ease,color .3s ease,box-shadow .3s ease,backdrop-filter .3s ease}.header.scrolled{background:linear-gradient(90deg,#07162ed1,#07162ead);color:#fff;border-bottom-color:#fff3;box-shadow:0 12px 36px #040e1f2e;-webkit-backdrop-filter:saturate(125%) blur(18px);backdrop-filter:saturate(125%) blur(18px)}.header.scrolled .brand,.header.scrolled .nav-link,.header.scrolled .nav-trigger,.header.scrolled .lang,.header.scrolled .mobile-lang,.header.scrolled .menu-toggle{color:#fff}.header.scrolled .lang{border-left-color:#ffffff47}.header.scrolled .nav a:hover,.header.scrolled .nav-trigger:hover,.header.scrolled .nav-group.is-open .nav-trigger{color:#8e6e43}.header--paper{background:#ffffffb8;border-bottom-color:#0b1b351f;-webkit-backdrop-filter:saturate(120%) blur(14px);backdrop-filter:saturate(120%) blur(14px)}.header--paper.scrolled{background:linear-gradient(90deg,#07162ed1,#07162ead);color:#fff;border-bottom-color:#fff3;box-shadow:0 12px 36px #040e1f2e}:root{--site-max:1600px;--section-space:104px}html,body,#root{overflow-x:clip}.wrap,.header .wrap,.hero-content{width:100%;max-width:var(--site-max);margin-inline:auto;padding-inline:var(--gutter)}.investment-directory{padding-block:var(--section-space)}.investment-directory>.wrap{display:grid;grid-template-columns:1fr;align-items:start}.investment-directory-head{grid-column:1;display:grid;grid-template-columns:minmax(300px,1fr) minmax(360px,.78fr);gap:clamp(70px,9vw,150px);align-items:end;padding:0 0 58px;border-bottom:1px solid rgba(11,27,53,.24)}.investment-directory-intro{max-width:480px;margin:0;padding:0;justify-self:end}.investment-directory-intro>p{font-size:15px;line-height:2}.strategy-showcase{display:grid;grid-template-columns:1fr 1fr;min-height:600px;border-bottom:1px solid rgba(11,27,53,.22)}.strategy-showcase-copy{position:relative;display:flex;flex-direction:column;justify-content:center;align-items:flex-start;min-width:0;padding:86px clamp(58px,6.4vw,112px);color:var(--navy);text-decoration:none;background:#f6f4ef}.strategy-showcase-copy .investment-entry-number{position:static;margin-bottom:42px}.strategy-showcase-label{margin:0 0 26px;font:10px/1 var(--sans);letter-spacing:.2em;color:#987648}.strategy-showcase-copy h3{margin:0;font:clamp(40px,3.3vw,58px)/1.18 var(--serif);letter-spacing:-.015em}.strategy-showcase-english{margin:13px 0 0;font:clamp(21px,1.8vw,29px)/1.35 var(--serif);color:#8993a1}.strategy-showcase-copy .investment-entry-description{max-width:510px;margin:38px 0 0;font-size:15px;line-height:2;color:#536070}.strategy-showcase-link{display:inline-flex;align-items:center;gap:26px;margin-top:42px;padding-bottom:10px;border-bottom:1px solid #a97d43;font:12px/1 var(--sans)}.strategy-showcase-link .arrow{width:34px}.strategy-showcase-visual{position:relative;min-height:600px;margin:0;overflow:hidden;background:var(--navy)}.strategy-showcase-visual img{width:100%;height:100%;object-fit:cover;filter:saturate(.58) contrast(1.06);transition:transform .8s ease,filter .5s ease}.strategy-showcase-visual:after{content:"";position:absolute;top:0;right:0;bottom:0;left:0;background:linear-gradient(0deg,rgba(7,22,46,.5),transparent 48%)}.strategy-showcase:hover .strategy-showcase-visual img{transform:scale(1.018);filter:saturate(.68) contrast(1.06)}.strategy-showcase-visual figcaption{position:absolute;z-index:1;left:34px;right:34px;bottom:28px;display:flex;justify-content:space-between;color:#fff;font:9px/1 var(--sans);letter-spacing:.2em}.strategy-showcase--quant .strategy-showcase-copy{grid-column:2;grid-row:1}.strategy-showcase--quant .strategy-showcase-visual{grid-column:1;grid-row:1}.strategy-showcase--quant .strategy-showcase-visual img{object-position:center center}.investment-directory-foot{grid-column:1;padding-top:30px}.research-selection--featured{padding-block:var(--section-space);overflow:hidden}.research-section-actions{display:flex;align-items:center;gap:34px}.research-rail-controls{display:flex;align-items:center;gap:8px}.research-rail-controls button{width:42px;height:42px;display:grid;place-items:center;border:1px solid rgba(11,27,53,.24);color:var(--navy);font:18px/1 var(--sans);transition:background .2s,color .2s,border-color .2s}.research-rail-controls button:hover,.research-rail-controls button:focus-visible{background:var(--navy);border-color:var(--navy);color:#fff}.research-selection--featured .research-ledger{display:grid;grid-auto-flow:column;grid-auto-columns:calc((100% - 42px)/2);grid-template-columns:none;gap:42px;overflow-x:auto;overscroll-behavior-inline:contain;scroll-snap-type:inline mandatory;scroll-padding-inline:1px;scrollbar-width:none;padding-bottom:8px}.research-selection--featured .research-ledger::-webkit-scrollbar{display:none}.research-selection--featured .research-entry{position:relative;scroll-snap-align:start;min-height:276px;padding:54px 0 0}.research-card-index{position:absolute;top:20px;right:0;font:11px/1 var(--sans);letter-spacing:.08em;color:#927752}.research-selection:not(.research-selection--featured) .research-card-index{display:none}.contact-enquiries>.wrap{max-width:none}.contact-page .institutional-contact{grid-template-columns:minmax(300px,.72fr) minmax(640px,1.28fr);gap:clamp(72px,8vw,150px)}.contact-form{max-width:none;display:grid;grid-template-columns:repeat(2,minmax(0,1fr));column-gap:clamp(30px,3vw,58px);align-items:start}.contact-field{margin-bottom:32px}.contact-field--inquiry,.contact-form-note,.contact-form-error,.contact-submit{grid-column:1/-1}.contact-field--inquiry{margin-top:4px}.contact-field textarea{min-height:76px}.contact-form-note{max-width:620px}.contact-submit{justify-self:start}.contact-confirmation{max-width:none}.home-about--panorama{padding:0;background:#fff}.home-about--panorama .about-feature{display:grid;grid-template-columns:minmax(0,1fr) minmax(420px,1fr);align-items:stretch;max-width:none;min-height:640px;margin:0;overflow:hidden;background:#fff}.home-about--panorama .about-city{position:relative;inset:auto;z-index:0;grid-column:1;grid-row:1;width:100%;height:100%;min-height:640px}.home-about--panorama .about-city>img{object-position:53% 45%}.home-about--panorama .about-city:after{background:linear-gradient(90deg,#07152b47,#0b1b3505 72%),linear-gradient(0deg,rgba(7,21,43,.35),transparent 40%)}.home-about--panorama .about-story{grid-column:2;grid-row:1;position:relative;width:auto;max-width:none;margin:0;padding:var(--section-space) var(--gutter);color:var(--navy);background:#fff;display:flex;flex-direction:column;justify-content:center}.home-about--panorama .about-story .section-kicker{color:#9b7544;margin-bottom:30px}.home-about--panorama .about-story>.section-title{color:var(--navy);font-size:clamp(39px,3.7vw,56px);line-height:1.35}.home-about--panorama .about-copy>p:first-child{color:#536070;font-size:16px;max-width:460px}.home-about--panorama .about-story .text-link{color:var(--navy);align-self:flex-start}@media(max-width:1000px){.home-about--panorama .about-feature{grid-template-columns:minmax(0,1fr) minmax(370px,.9fr);min-height:580px}.home-about--panorama .about-city{min-height:580px}.home-about--panorama .about-story{padding:64px 42px}.investment-directory-head{display:grid;grid-template-columns:1fr 1fr;gap:45px;padding-bottom:42px}.investment-directory-intro{max-width:480px;margin-top:0;justify-self:end}.strategy-showcase{min-height:520px}.strategy-showcase-copy{padding:68px 46px}.strategy-showcase-visual{min-height:520px}.research-selection--featured .research-ledger{grid-auto-columns:calc((100% - 30px)/2);gap:30px}}@media(max-width:800px){:root{--section-space:76px}.contact-page .institutional-contact{grid-template-columns:1fr;gap:42px}.contact-form{grid-template-columns:1fr}.contact-field,.contact-field--inquiry,.contact-form-note,.contact-form-error,.contact-submit{grid-column:1}.research-section-actions{gap:20px}.research-rail-controls button{width:38px;height:38px}.research-selection--featured .research-ledger{grid-auto-columns:min(82vw,560px);gap:26px}.strategy-showcase{grid-template-columns:1fr;min-height:0}.strategy-showcase-copy,.strategy-showcase--quant .strategy-showcase-copy{grid-column:1;grid-row:1;min-height:430px;padding:72px 42px 62px}.strategy-showcase-visual,.strategy-showcase--quant .strategy-showcase-visual{grid-column:1;grid-row:2;min-height:52svh}}@media(max-width:620px){:root{--section-space:64px}.investment-directory{padding-block:var(--section-space)}.investment-directory-head{display:block;padding-bottom:35px}.investment-directory-intro{margin-top:24px;justify-self:start}.strategy-showcase-copy,.strategy-showcase--quant .strategy-showcase-copy{min-height:390px;padding:58px 24px 52px}.strategy-showcase-copy .investment-entry-number{margin-bottom:30px}.strategy-showcase-copy h3{font-size:36px}.strategy-showcase-copy .investment-entry-description{font-size:14px;margin-top:26px}.strategy-showcase-visual,.strategy-showcase--quant .strategy-showcase-visual{min-height:390px}.strategy-showcase-visual figcaption{left:22px;right:22px;bottom:20px}.research-section-head{align-items:stretch}.research-section-actions{width:100%;justify-content:space-between}.research-selection--featured .research-ledger{grid-auto-columns:94%;gap:22px}.research-selection--featured .research-entry{min-height:250px;padding-top:48px}.home-about--panorama{padding:0}.home-about--panorama .about-feature{display:flex;flex-direction:column;min-height:0;background:#fff}.home-about--panorama .about-city{position:relative;inset:auto;width:100%;height:56svh;min-height:390px}.home-about--panorama .about-city>img{position:absolute;top:0;right:0;bottom:0;left:0;width:100%;height:100%;object-position:53% 44%}.home-about--panorama .about-city:after{background:linear-gradient(0deg,rgba(7,21,43,.42),transparent 52%)}.home-about--panorama .about-story{width:100%;max-width:none;padding:54px var(--gutter) 62px;color:var(--navy);background:#fff}.home-about--panorama .about-story>.section-title{color:var(--navy);font-size:34px}.home-about--panorama .about-copy>p:first-child{color:#536070;font-size:14px}}.investment-directory{padding:0;background:#f6f4ef}.investment-directory-inner{width:100%}.investment-directory-head{min-height:390px;display:flex;flex-direction:column;align-items:center;justify-content:center;gap:0;padding:86px var(--gutter) 82px;text-align:center;border:0;background:#fff}.investment-directory-head .section-kicker{margin:0 0 26px}.investment-directory-head .section-title{font-size:clamp(44px,4.1vw,64px);line-height:1.2}.investment-directory-intro{max-width:650px;margin:27px auto 0;padding:0;justify-self:auto}.investment-directory-intro>p{font-size:15px;line-height:2;color:#596574}.investment-directory-intro .text-link{justify-content:center;margin:20px auto 0;width:max-content}.strategy-showcase{width:100%;min-height:clamp(650px,74vh,820px);border:0}.strategy-showcase+.strategy-showcase{border-top:1px solid rgba(11,27,53,.14)}.strategy-showcase-copy{padding:clamp(76px,8vw,138px) clamp(58px,8vw,150px)}.strategy-showcase-copy .investment-entry-number{margin-bottom:54px}.strategy-showcase-label{margin-bottom:28px}.strategy-showcase-copy h3{font-size:clamp(46px,4vw,68px)}.strategy-showcase-english{font-size:clamp(24px,2vw,32px)}.strategy-showcase-copy .investment-entry-description{max-width:540px;margin-top:42px;font-size:15px}.strategy-showcase-visual{min-height:clamp(650px,74vh,820px)}.strategy-showcase-visual figcaption{left:clamp(28px,3vw,54px);right:clamp(28px,3vw,54px);bottom:34px}.institutional-purpose{width:100%;min-height:780px;display:grid;grid-template-columns:minmax(420px,.72fr) minmax(0,1.38fr);background:#151617;color:#fff}.institutional-purpose-copy{display:flex;flex-direction:column;justify-content:center;padding:clamp(78px,8vw,138px) clamp(48px,6.2vw,118px);background:#151617}.institutional-purpose-copy .section-kicker{margin:0 0 34px;color:#d4a96c}.institutional-purpose-copy h2{max-width:620px;margin:0;font:clamp(42px,3.5vw,56px)/1.4 var(--serif);letter-spacing:.015em}.institutional-purpose-copy h2 span{display:block;white-space:nowrap}.institutional-purpose-intro{max-width:570px;margin:40px 0 0;font:15px/2.05 var(--sans);color:#c9cdd2}.institutional-values{margin-top:48px;border-top:1px solid rgba(255,255,255,.23)}.institutional-values article{display:grid;grid-template-columns:42px 1fr;gap:22px;padding:25px 0;border-bottom:1px solid rgba(255,255,255,.18)}.institutional-values article>span{padding-top:5px;font:10px/1 var(--sans);letter-spacing:.08em;color:#d4a96c}.institutional-values h3{margin:0;font:23px/1.45 var(--serif);letter-spacing:.025em}.institutional-values p{max-width:520px;margin:8px 0 0;font:12px/1.9 var(--sans);color:#aeb5bd}.institutional-purpose-copy>.text-link{align-self:flex-start;margin-top:34px;color:#fff;border-bottom-color:#d4a96c}.institutional-purpose-visual{position:relative;min-width:0;min-height:780px;margin:0;overflow:hidden;background:#0b1b35}.institutional-purpose-visual:after{content:"";position:absolute;top:0;right:0;bottom:0;left:0;background:linear-gradient(90deg,rgba(21,22,23,.28),transparent 30%),linear-gradient(0deg,rgba(7,18,35,.44),transparent 42%)}.institutional-purpose-visual img{width:100%;height:100%;object-fit:cover;object-position:50% 50%;filter:saturate(.58) contrast(1.07)}.institutional-purpose-visual figcaption{position:absolute;z-index:1;right:36px;bottom:30px;color:#fff;font:9px/1.4 var(--sans);letter-spacing:.18em}[data-media-protected]{-webkit-user-drag:none;user-select:none;-webkit-user-select:none}html[lang=en] .institutional-purpose-copy h2{font-family:var(--english);font-size:clamp(48px,4.4vw,72px);line-height:1.08}@media(max-width:1100px){.investment-directory-head{min-height:340px;padding-block:72px 68px}.strategy-showcase{min-height:600px}.strategy-showcase-copy{padding:72px 52px}.strategy-showcase-visual{min-height:600px}.institutional-purpose{grid-template-columns:minmax(390px,.85fr) minmax(0,1.15fr);min-height:720px}.institutional-purpose-copy{padding:72px 48px}.institutional-purpose-visual{min-height:720px}}@media(max-width:800px){.investment-directory-head{min-height:0;padding:70px var(--gutter) 64px}.strategy-showcase{min-height:0}.strategy-showcase-copy,.strategy-showcase--quant .strategy-showcase-copy{min-height:480px;padding:72px var(--gutter) 68px}.strategy-showcase-visual,.strategy-showcase--quant .strategy-showcase-visual{min-height:58svh}.institutional-purpose{grid-template-columns:1fr;min-height:0}.institutional-purpose-copy{padding:76px var(--gutter) 70px}.institutional-purpose-visual{min-height:62svh}}@media(max-width:620px){.investment-directory{padding:0}.investment-directory-head{padding:58px var(--gutter) 54px}.investment-directory-head .section-title{font-size:38px}.investment-directory-intro{margin-top:22px}.investment-directory-intro>p{font-size:14px}.strategy-showcase-copy,.strategy-showcase--quant .strategy-showcase-copy{min-height:430px;padding:58px var(--gutter) 54px}.strategy-showcase-copy .investment-entry-number{margin-bottom:34px}.strategy-showcase-copy h3{font-size:40px}.strategy-showcase-english{font-size:24px}.strategy-showcase-copy .investment-entry-description{margin-top:28px;font-size:14px}.strategy-showcase-link{margin-top:30px}.strategy-showcase-visual,.strategy-showcase--quant .strategy-showcase-visual{min-height:54svh}.institutional-purpose-copy{padding:62px var(--gutter) 58px}.institutional-purpose-copy h2{font-size:37px;line-height:1.42}.institutional-purpose-copy h2 span{white-space:normal}.institutional-purpose-intro{margin-top:28px;font-size:14px}.institutional-values{margin-top:34px}.institutional-values article{grid-template-columns:30px 1fr;gap:14px;padding:21px 0}.institutional-values h3{font-size:21px}.institutional-purpose-visual{min-height:54svh}.institutional-purpose-visual img{object-position:58% center}html[lang=en] .institutional-purpose-copy h2{font-size:43px}}.investment-directory-head{position:relative;display:block;min-height:128svh;padding:0;overflow:visible;border:0;background:#07162e}.strategy-cover-stage{position:sticky;top:0;height:100svh;min-height:640px;display:grid;place-items:center;overflow:hidden;isolation:isolate}.strategy-cover-media{position:absolute;top:0;right:0;bottom:0;left:0;z-index:-2;margin:0}.strategy-cover-media img{width:100%;height:100%;object-fit:cover;object-position:50% 52%;filter:saturate(.7) contrast(1.08);transform:scale(1.025)}.strategy-cover-stage:after{content:"";position:absolute;top:0;right:0;bottom:0;left:0;z-index:-1;background:radial-gradient(circle at 50% 42%,#0b1b351a,#05102261 72%),linear-gradient(180deg,#040e1f4d,#040e1f94)}.strategy-cover-content{display:flex;flex-direction:column;align-items:center;justify-content:center;padding:110px var(--gutter) 70px;color:#fff;text-align:center;text-shadow:0 3px 28px rgba(2,10,22,.36)}.strategy-cover-content .section-kicker{margin:0 0 34px;color:#e2bd82;letter-spacing:.28em}.strategy-cover-content .section-kicker:before{background:#d4a96c}.strategy-cover-content .section-title{margin:0;color:#fff;font-size:clamp(58px,6.2vw,96px);line-height:1.12;letter-spacing:.08em}.strategy-cover-rule{width:1px;height:72px;margin-top:44px;background:linear-gradient(#d4a96c,#ffffff24)}html[lang=en] .strategy-cover-content .section-title{max-width:960px;font-family:var(--english);font-size:clamp(58px,6.1vw,92px);letter-spacing:0}@media(max-width:1100px){.investment-directory-head{min-height:124svh;padding:0}}@media(max-width:800px){.investment-directory-head{min-height:116svh;padding:0}.strategy-cover-stage{min-height:560px}.strategy-cover-content{padding-top:90px}.strategy-cover-content .section-title{font-size:clamp(48px,11vw,72px)}.strategy-cover-media img{object-position:56% 50%}}@media(max-width:620px){.investment-directory-head{min-height:108svh;padding:0}.strategy-cover-stage{min-height:620px}.strategy-cover-content .section-kicker{margin-bottom:28px;font-size:8px}.strategy-cover-content .section-title{font-size:48px;letter-spacing:.1em}.strategy-cover-rule{height:58px;margin-top:36px}html[lang=en] .strategy-cover-content .section-title{font-size:48px;line-height:1.04}}.footer-main.footer-main--expanded{grid-template-columns:1.45fr repeat(4,minmax(0,1fr));gap:42px;padding-bottom:64px}.footer-main--expanded .footer-links{display:flex;flex-direction:column;align-items:flex-start;gap:13px;max-width:none}.footer-main--expanded .footer-links a{font:12px/1.55 var(--sans);color:#b8c1cf}.footer-main--expanded .footer-links a:hover{color:#fff}.footer-main--expanded .footer-contact p:not(.footer-label){max-width:220px}@media(max-width:1100px){.footer-main.footer-main--expanded{grid-template-columns:1.3fr repeat(2,1fr);row-gap:48px}.footer-main--expanded .footer-brand{grid-row:span 2}.footer-main--expanded .footer-contact{grid-column:2/4}}@media(max-width:800px){.footer-main.footer-main--expanded{grid-template-columns:repeat(2,1fr);gap:42px 35px}.footer-main--expanded .footer-brand{grid-column:1/-1;grid-row:auto}.footer-main--expanded .footer-contact{grid-column:auto}}@media(max-width:520px){.footer-main.footer-main--expanded{grid-template-columns:1fr;gap:36px}.footer-main--expanded .footer-brand,.footer-main--expanded .footer-contact{grid-column:auto}.footer-main--expanded .footer-links{gap:12px}}