investment strategy | Articles

Increasing Giving During COVID-19: Thoughts for Philanthropy

The Council on Foundations has acted to support its members, their nonprofit partners, and the people and communities hit hardest by the impacts of COVID-19 by asking members to sign a pledge of...
investment strategy | Articles

Nonprofit Leaders Spotlight | Rochelle Witharana, Chief Financial Officer, California Wellness Foundation

With nearly $1 billion in assets, The California Wellness Foundation (Cal Wellness), is one of California’s largest public health philanthropic institutions. Cal Wellness awards approximately $43...
investment strategy | Articles

Optimize Luck

Instead of just optimizing for skill, why don’t we optimize for luck? Optimize Luck originated in a group discussion I facilitated for the Investment Institute, a membership organization for...
investment strategy | Articles

Nonprofit Leaders Spotlight | Dimple Abichandani, Executive Director of the General Service Foundation

Dimple Abichandani is Executive Director of the General Service Foundation (“GSF”), a private grantmaking family foundation that dedicates all its resources to bringing about a more just and...
investment strategy | Articles

An Investor’s Guide to Private Equity Today

Commonfund recently hosted a panel discussion focused on the current state of private equity and venture capital, with an emphasis on the investor’s perspective of the industry today. The three...
investment strategy | Articles

Diversity and Emerging Managers

The benefits of diversity are widely recognized in the work place and among educational institutions and other nonprofits. Yet, the concept of investment management firms that are minority owned and...
investment strategy | Articles

Inflation is Expected to Rise. How Can Investors Protect Portfolios?

In March, capital markets entered their tenth year of post-crisis recovery. For diversified portfolios, these have been some of the most profitable times, characterized by strong returns, positive...
investment strategy | Articles

Hedge Fund Land: An Expensive Amusement Park?

In a series of articles, we have addressed two recent investment “fatigues” experienced by institutional investors: Active vs. Passive; and Global (ACWI) vs. US benchmarks.  In this article, we...
investment strategy | Articles

Not So Free: Implications of New York’s Excelsior Scholarships

Key Insights While opening opportunity to many New York families, the recently enacted Excelsior Scholarship Program will likely stress the financial resources of small private colleges and...
investment strategy | Articles

The Misperception of Illiquid Investments

With many market participants expecting low nominal returns across traditional asset classes in the coming years, the challenge of structuring a portfolio to achieve CPI +5%, or long-term purchasing...
investment strategy | Articles

CIO Roundtable: Is the Endowment Model a Crowded Trade?

Stuck in the past or ever-evolving? The endowment model gets a hard look eight years into the current market cycle. With core tenets of the endowment model seemingly under stress for the last several...
investment strategy | Articles

Active Management Fatigue and What to Do About It

Active management has struggled for several years, raising questions about whether active management can ever outperform again. Traditional active manager style tilts, like value and size, have...
investment strategy | Articles

Ideas for Next Gen Energy Investing

Advances in alternative energy technologies promise to reduce the world’s dependence on fossil fuels. Largely, however, they remain just that—a promise. So, where are the opportunities to invest in...
investment strategy | Articles

Unhedged Commentary: The $3 Trillion Question

Reprinted from Institutional Investor’s Alpha Spring 2016 issue The growth of the hedge fund industry over the past decade has been tremendous, with more and more institutional and retail investors...
investment strategy | Articles

The Big Picture: Integrating Investments, Finance and Development

Most things function a lot better when all the moving parts work together—nonprofit institutions included. The synergies afforded by collaboration across organizational boundaries may be the most...
investment strategy | Articles

Asset Allocation with Private Equity

Reprinted from Volume 17, Number 1, 2016 of The Journal of Investment Consulting by Mark J.P. Anson Private assets such as private equity and venture capital have long been a thorn in the side of...
investment strategy | Articles

Emerging Markets: Balancing Risk and Reward

Investors poured $2 trillion into emerging economies between 2009 and 2014. Then prices for a basket of commodities fell—dragging crude oil down to levels not seen in a decade and dashing investors’...
investment strategy | Articles

Rethinking Risk and Diversification

Asset allocation is still the foundation on which better risk-adjusted returns are built. But asset allocation has changed, along with all the associated tools for pursuing return and managing risk....
investment strategy | Articles

Viewpoint: A Different Kind of Climate Change

How have cultural, religious and social service institutions’ investment portfolios changed in response to the financial and market environment that has prevailed over the last several years? While...
investment strategy | Articles

6 Keys to Choosing the Right Outsourced CIO

Today, few OCIOs that serve nonprofits are total institutional partners. Six questions can help you find one who takes a holistic approach. Not long ago, the definition and scope of an “Outsourced...