Investment Strategy

Emerging and Diverse Manager Programs: Worth Doing Well

Posted by Michael Rowland on Aug 5, 2019

Topic: Asset Allocation | Investment Strategy | Responsible Investing

In order to adequately and fairly evaluate the success of emerging and diverse manager programs, the term ‘emerging manager’ needs to be clearly differentiated from ‘diverse manager’. While there is no formal definition, ‘emerging manager’ refers to a firm with a cap on assets under management. This cap varies widely depending on the investing organization, but usually sits around the $1 billion mark. By contrast, ‘diverse manager’...

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Recession – Maybe This Time is Different

Posted by Ryan Driscoll on Aug 1, 2019

Topic: Industry Knowledge | Investment Strategy | Market Commentary

The July Federal Open Markets Committee (FOMC) meeting signaled the end of central bank rate normalization with the first rate cut in more than a decade . . .

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CIO Roundtable: The Past, Present and Future of Endowment Investing

Posted by Commonfund on May 20, 2019

Topic: Investment Strategy

Fiduciaries of nonprofit organizations are entrusted with fulfilling the missions of their organizations in large part through effective stewardship of financial assets. In the 50 years since the Ford Foundation published their game-changing reports, perpetual investing has evolved to include every asset class and strategy. In this Commonfund Forum session, our distinguished panel of CIOs will share their perspectives on portfolio management, the efficacy of the endowment model today and how the leaders of institutions can meet the challenge of stewarding capital into the next 50 years and beyond.

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Commonfund Manager Spotlight | Brightwood Capital Advisors

Posted by Commonfund on Mar 6, 2019

Topic: Investment Strategy

Commonfund's Caroline Greer interviews Sengal Selassie, Co-CEO and Co-Founder of Brightwood Capital Advisors in this Commonfund Manager Spotlight.

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The Fallacy of Manager Diversification – How “Horse Races” Can Increase, Not Reduce Risk

Posted by Keith Luke on Mar 5, 2019

Topic: Investment Strategy

On the surface, hiring two (or more) multi-asset managers to manage an entire portfolio may seem like a good idea. Intuitively, it would seem to...

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Getting Started in Responsible Investing

Posted by Deborah Spalding on Feb 25, 2019

Topic: Investment Strategy

The biggest challenge in implementing any type of responsible investment program is in clearly defining and prioritizing those issues most relevant to an organization. Although it may seem a straightforward exercise, there are often several challenges that prevent boards from taking this crucial first step. These include . . .

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Stormy Markets, Steady Institutional Investors

Posted by Net Assets on Jan 25, 2019

Topic: Investment Strategy

Investment guidelines enable institutions to weather market volatility better than individuals, on average, and a crisis playbook can provide additional assurance. The 2017 calendar year saw just eight trading days where the stock market lost or gained more than one percent in a single day. 2018 had 64 such days. That makes the current market seem volatile, but it’s in line with historic volatility....

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Investment Strategies for Long-Term Investors | An Interview with Kris Kwait

Posted by Commonfund on Nov 28, 2018

Topic: Investment Strategy

Kris Kwait, Deputy CIO and Head of Investments, discusses investment strategies for long-term investors in the current market environment.

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Are You Ready for the Next Crisis?

Posted by Timothy T. Yates, Jr., Deborah Spalding on Sep 18, 2018

Topic: Investment Strategy | Spending Policy

Ten years ago Lehman Brothers failed, representing the largest bankruptcy in history, and accelerating a global financial crisis that would knock many non-profit portfolios backward. The good news is that markets have been relatively calm since the fall of 2008. The bad news is that another crisis will inevitably upset the financial markets. And so on the 10-year anniversary of Lehman, we should ask ourselves, are we ready for the next financial pothole? At Commonfund, we are working with clients to develop a road map, or “crisis playbook"...

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Five Questions to Ask Your Advisor:
Costs of Portfolio Management

Posted by Amy Harlacker, Keith Luke on Jul 24, 2018

Topic: Investment Strategy | Outsourced Investing

Costs matter. With expectations for lower market returns over the coming years, every basis point of net performance is particularly important. Furthermore, the compounding effect of high fees can significantly impact spending for mission over time, so understanding the true cost of portfolio management is vital, but also a challenge.

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